Originally Posted by alesis

BOA is a very far reaching bank that has many investments in nefarious subprime mortages co's, high interest credit cards, bad credit and "payday loans" as well as the biggest ripoff of them all-the 300% interest rapid refund loans for tax season. They hide behind many companies they purchased, but its still them.

Of course many groups raise hell about these "predatory loans", but for most of the products, I'd like to ask naysayers if they'd give a loan to their deadbeat cousin? High risk loans are higher interest and fee ridden to cover the inevitably high cost of default. Even the working poor need a credit card to survive these days, and if they make their payments and keep good credit they'll quickly be able to apply for a lower risk product.