Quote:
Originally posted by Kimmykim
Keep in mind tho, people change up Mastercards and Visas quite frequently, especially when there are good interest rates offered on balance transfers. If they change cards and cut the old one up, they can't be recurred again.
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How true.... but I want to ask you if you find this to be more true for older experienced credit users than all credit users? (or is there no way for you to obtain this data?) That's what I would lean towards i guess...... and with the first time credit users.... the college kids.... I would tend to think that more often than not they have self control problems, run up their cards, and end up getting them cut off for charging beyond their limit or inability to pay consistenly.... yet another problem.... can't recur if they're maxed out.