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'In an interview with British Broadcasting Corp. TV, Griffiths said there has been " a flood of complaints" from Egg card holders who had paid for independent credit rating checks that found they were good customers.

"Of course, no one should be forced to give credit to anyone. In fact, I've accused this industry of too easily giving credit in the past and not making proper checks," the Scottish legislator said.

"But in this case they seem to be almost indiscriminately taking people off their books and there is a strong suspicion that these are people who — because they don't actually get into debt and start paying high monthly interest charges — ... may not be the most highly profitable customers and they're being cleared off the books," Griffiths said.'

Lol. The deadbeats are the ones paying their statements on time. They aren't making money off them.

1 posted on 02/07/2008 9:28:30 PM PST by BGHater
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To: BGHater
The deadbeats are the ones paying their statements on time. They aren't making money off them.

Bingo.

2 posted on 02/07/2008 10:41:46 PM PST by rabscuttle385 (Admin Moderator for President. No amnesty for the establishment—Republican and Democrat!)
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To: BGHater
"But in this case they seem to be almost indiscriminately taking people off their books and there is a strong suspicion that these are people who — because they don't actually get into debt and start paying high monthly interest charges — ... may not be the most highly profitable customers and they're being cleared off the books," Griffiths said.

Screwing their most responsible customers like this IS pretty stupid...

3 posted on 02/07/2008 11:18:40 PM PST by Virginia Ridgerunner ("We must not forget that there is a war on and our troops are in the thick of it!"--Duncan Hunter)
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To: BGHater

That’s just what I thought when I started to read the article: Don’t charge what you can’t afford, and therefor pay on time with no extra interest charges, and THEY DROP YOU.


4 posted on 02/08/2008 12:44:37 AM PST by kitkat
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