But don't all credit card companies charge these rates to their riskiest cardholders? Just because this company specializes in this population, does this make them any worse? Obviously they are going to have a high default rate - so presumably they need to charge these rates to stay in business, given their business model. I doubt they are earning Goldman Sachs-like returns on equity for their shareholders, and I doubt they are tricking people into applying for their cards and carrying balances. I could see the argument for not investing in an alcohol or tobacco company if you subscribe to the belief that they market to the underage, or a company that uses child or slave labor; but this one I would be ok with.
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