OMG - thats a nice free market approach.
What business are you in ? Do you sit there and only accept customers that request your product ? Why don’t we appoint a govt. agency to decide who your service is good for - we’ll get you a list of approved customers. Why don’t we require that your business can’t market it’s products or services and tell you what you can charge too ? Egad - it’s just another business - don’t use it if you don’t like it.
“Egad - it’s just another business - don’t use it if you don’t like “
While I agree with your free market sentiment credit card companies are not ‘just another business’. They actively prey on the ignorant, naive, and desperate. They lobby Congress to get banking laws changed in their favor. Not a little bit in their favor but heavily in their favor.
They make high risk loans to people and then seek government intervention when those people don’t pay their bills.
They are scum. Remember the visa commercials about putting that vacation you can’t afford on your card? They don’t sell their services, they sell dreams people can’t afford.
I would make sure the person can pay for the stuff I would be willing to sell them. Isnt that common sense? When you buy a car or a house, they run credit checks, dont they?
Free market isnt an excuse for going hog wild and extending credit to people who cant pay. Isnt that how we got into this mess to begin with?
Gee I wonder if mac daddy has invested any money in this company, sound like his kind of ripoff.