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Strategies & Market Trends : The Art of Investing

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Feb 11 4:00 PM EST

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Lee Lichterman III

To: kidl who wrote (4734)	7/10/2022 4:42:34 PM
From: Sun Tzu	1 Recommendation Read Replies (1) of 10768

It's for the same reason that the home builders are ramping up their builds. If you expect a lot of people to default and credit to get tight, then your best course of action as a credit card issuer is to gather all the good credit customers that you can. You will ramp up the rates as they rise and make up for the upfront costs.

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