Credit Scoring techniques revealed

CannyJock

unidentified wrote: »

I don't know how the lenders make their money from these cards but it must be from those people who spend in store without thinking.

It depends on your level of stupidity.

If you're not stupid and you don't mind a search of your credit record, you take the card for the on-the-spot discount, clear it in full and close the card.

If you're only mildly stupid then you consider the card a very convenient way to spend money in that one store - unlike those other generic cards you can use anywhere

If you're very stupid then you think you've got a discount card that they only give to privileged customers, you're flattered by the ££££ limit they give you and consider this to be their assessment of how financially strong you are because they think you're worth it. You're also impressed that they let you walk out with more bags than a buckaroo donkey can carry and even better you only need to pay them back a few quid a month for the rest of your life.

naijapower

CannyJock wrote: »

It depends on your level of stupidity.

If you're not stupid and you don't mind a search of your credit record, you take the card for the on-the-spot discount, clear it in full and close the card.

If you're only mildly stupid then you consider the card a very convenient way to spend money in that one store - unlike those other generic cards you can use anywhere

If you're very stupid then you think you've got a discount card that they only give to privileged customers, you're flattered by the ££££ limit they give you and consider this to be their assessment of how financially strong you are because they think you're worth it. You're also impressed that they let you walk out with more bags than a buckaroo donkey can carry and even better you only need to pay them back a few quid a month for the rest of your life.

:beer: :T:T