Because sending people who make $12,000 a year preapproved VISA cards with $6000 limits on them is a right, not a privilege. When it's blatantly obvious you're lending money to someone who's not ever going to be able to pay it back, here's an idea, don't lend them any money. (Then of course they sue you for discriminating against whatever minority they can claim to be.)
It's easy to say "don't take the money" but there's people out there who, as noted elsethread, have to use the credit to pay a doctor or an auto repairman or they're in deep shit.
I just wish people wouldn't use their position of having money to, let's face it, rip off people who don't have money. I'm not saying give the money away, just don't use your advantaged position to take more than you'd take, oh I dunno, lending the money to someone with the ability to prove he doesn't really need it, which is how the big-money lenders seem to operate. Especially when rich people default on loans almost as much as poor people do!!
That sounds great until all your lenders form a cartel like the oil companies have and consistently charge the same rates across the board and eat the economy like a bum on a ham sandwich.
Re: Yep, that sounds like democrats.
Re: Also, here's an idea: don't take the money.
Re: Also, here's an idea: don't take the money.
Re: Also, here's an idea: don't take the money.
Re: Also, here's an idea: don't take the money.