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If you think the terms are unfair to you, you have the option to not do business with this particular bank. If all banks do the same, have you thought there's a
by sob727 2y ago
If you think the terms are unfair to you, you have the option to not do business with this particular bank. If all banks do the same, have you thought there's a financial reason behind it that you might not be aware of (say, default rate, operational costs, etc).
- iopq 2y agofor people with credit over 800 the default rate must be extremely low otherwise I wouldn't have this credit rating and the bank wouldn't trust me with over $100,000 credit limit combined over all of my credit cards the reason I agree to this rate is because I never pay it, I loan from my broker instead where I pay like a few bips over LIBOR