To: rabscuttle385
This may actually be a good move to help AXP stay around a lot longer, dump bad debtors and get back to the high value model.
5 posted on
02/23/2009 6:14:27 PM PST by
mnehring
To: mnehrling; TigerLikesRooster
This may actually be a good move to help AXP stay around a lot longer, dump bad debtors and get back to the high value model.They're not just dumping bad debtors; they're dumping unprofitable debtors. During the height of the credit boom, AXP went nuts with low fixed-rate balance transfers for the life of the balance and jacked up customer credit lines like they were on crack.
11 posted on
02/23/2009 6:19:57 PM PST by
rabscuttle385
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