Originally Posted by
GogglesPisano
Yes, but if your credit is good you don't pay those high interest rates, so how exactly are you subsidizing those with bad credit?
so let's say someone's credit isn't stellar. Not because they are irresponsible but because of lack or credit, immature credit etc. He gets charged higher rate because OTHER people with his credit rating have failed to pay, not because HE is not expected to pay back. If he wasn't expected to pay back he wouldn't been given the loan in the first place.