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Why do the interest rates of unsecured credit card for bad credit is higher compare to other bad credit credit cards?

April 26, 2017bad credit compare credit card credit cards interest rates unsecured

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Why do the interest rates of unsecured credit card for bad credit is higher compare to other bad credit credit cards?

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When creditors provide unsecured credit to those individuals with bad credit, the credit issuers face higher financial risks. So, to protect themselves, creditors set higher interest rates and fees for those with bad credit.