Ok. And the interest on unsecured debts like credit cards are like 25%. Sounds like the risk is properly priced in. What's your point?
On top of that, the amount of unsecured credit you can get with no/bad credit history is more like $500 than $250,000.
On top of that, the amount of unsecured credit you can get with no/bad credit history is more like $500 than $250,000.