MB131174 wrote:What he doesn't seem to understand is that companies aren't worried about "Member", they're worried about how many profitable customers they have. He is just one in a pool of thousands. What he (or you and I, for that matter) thinks, to be honest, doesn't amount to a hill of beans to them. No matter how "personable" they try to market themselves, we are nothing more than "just another customer" to them, even if they do try to make us feel special when we call/interact with them.
in general yes
but it depends on how you sell it and if there's a reasonable basis behind what you're doing
the same people who you think sees you as a number, is following procedures that makes them in COMPLIANCE with the federal government because, the fed stepped in when people were complaining that the banks were lending them money they had no business lending (re: banks didn't do their due diligence and that's why people rarely get 300k or 100k limit on credit cards, why personal line of credit pretty much phased out) etc
don't get me wrong, the banks were all in favor of lending because they do make
the money from the fees or interest collected if not both
banks don't want to parent you, they don't want to really say hey, you aren't making enough to afford this so sorry, reject!!!
but they're now made to because before they would have more lax policy in terms of lending
but some couldn't handle this responsibility and than in turn this is what happens when parties can't solve manners amongst themselves, the government gets involved
you know banks don't really want to foreclose, they do so to protect their assets and profits yes, but they make more when you pay them interest for the life of the loans than to have to cut short and sell it and recoup that way
and even refis are great because it betters the chance that you finish the loan and guess what, they get to charge you for it!
but it's never you're just a number
banks and cc understand there is a lot of competition out there like member says
however, no bank or cc would bend the line so much they would get in trouble, it's like going to one bank (wells) and than another and see that (citi) has the same rate abouts and you go to (chase) and than (bofa) and it's like, the same thing almost!!
because underlying it all, they are subjected to the same rules, now a smaller bank that doesn't have as much in assets like a community bank or credit unions, can offer more because they don't have as strict requirements/reserves based on their size