Credit card company egg say they are ditching 161,000 customers with poor credit ratings.
But it looks like that’s a lie – if the comments on the BBC web site and on the Radio 4 Today programme are anything to go by, they’re ditching the customers who pay their bills off every month (making no money for egg) and keeping the ones who pay interest.
Bad egg.
It’s a spooky strategy. They aiming for the lucrative sub-prime market but pretending that they’re being conservative lenders, presumably to reassure their shareholders. It’s a deception, plain and simple.