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Originally Posted by xoxoxoBruce
Or their profits higher.  |
I doubt it. They take what it costs them to do business, and add on what the market will bear. If it cost them less to do business, the cost to the users would be less, because prices would driven down by competitive pressure.
If you don't think consumer credit is a competitive market, look at your mailbox sometime...assuming you have a decent credit history. I get solicitations all the time offering me credit cards...my Visa card has stamped on it: "Member Since 75". (They mean 1975).