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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (4734)7/10/2022 4:42:34 PM
From: Sun Tzu1 Recommendation

Recommended By
Lee Lichterman III

  Read Replies (1) | Respond to 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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