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Sure, we could all pay interest rates that are based upon some amalgamated average risk profile, so you end up subsidizing deadbeats who don't pay their debts.

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As someone who pays their credit card off in full every month, that would be fine with me. I never pay interest.

It's not only about credit cards. Mortgages, car loans, working day loans, etc. as well

Would that be more or less expensive than subsidizing the credit reporting agencies shareholders desire for aggressive growth?

I don't know. But in the proposed scenario, credit reporting agencies wouldn't exist at all.

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