If only they didnt piss off their good customers who rarely had a late payment by increasing their rates 5 to 10 percent, they would of had less deadbeats. Its like the health insurance industry, increase your rates and have more problems.
I know, one of my credit cards went to 36%, I told my husband to cut his up because I already had. I pay them off every month but what if something happened and I couldn’t? I only use them for convenience because I don’t buy things I can’t afford.