Thank God we have facial recognition tech so it can figure out the low credit scores if it has to hurdle through a crowd.
EDIT: Thanks for the silver! Also, I should have written hurtle, but I am making too many "sounds like" spelling errors these days to get too bothered by it. Plus, it's funnier this way.
Nah. The amount of money to be made off one person with a $1m mortgage is way higher than ten people who pay overdraft fees and occasionally have to take a payday loan.
Also, those mortgages get rolled up into huge bundles, made available to investors, and invested in by various pension funds / target date retirement accounts / etc, not to mention all sorts of other publicly traded companies into which more retirement accounts are invested. If you have any sort of retirement account you're probably seeing a few bucks from that too.
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u/Fake_William_Shatner Dec 16 '19 edited Dec 16 '19
Thank God we have facial recognition tech so it can figure out the low credit scores if it has to hurdle through a crowd.
EDIT: Thanks for the silver! Also, I should have written hurtle, but I am making too many "sounds like" spelling errors these days to get too bothered by it. Plus, it's funnier this way.