• @Evil_Shrubbery@lemm.ee
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    418 days ago

    So if you have taken more loans in the past & repaid a lot of credit card debt you get a cheaper loan/can afford a bigger loan.

    It’s what we call predatory tactics & are usually banned.

    • ObjectivityIncarnate
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      117 days ago

      So if you have a history of repaying debts, on time, you get offered lower interest on loans because you’re less of a risk to lend to.

      Fixed.