Everybody, banks, car dealers, department stores,,, EVERYBODY wants to give people with bad credit, MORE credit.
The reasoning is –and I got this from a used car dealer in DC,,,,—- they expect you to miss payments. The dealer at New York and Florida Avenue, in DC sold the same 2 year old Cadillac, 9 times, and each time, he kept the down payment, and what ever few payments were made before he re-poped the car. He told me he made 130,000 dollars from a car he bought at a wholesale auction for 6,300.
So, if you credit is chronically bad, and you aren’t doing anything to improve your score, prepare to be gouged, but if you are truly trying to get ahead of the curve, you will have any number of people offering you credit in the hopes that you fail.
Just don’t give ‘em an excuse to flunk you and repossess what you have bought.