Banks make much more money from defaulters, and much more money from credit card "revolvers" than they ever can from sensible borrowers who pay back quickly.

Customers who pay credit card purchases off monthly pay no interest. Those who pay the minimum never finish and better still, if they draw cash, pay astronomical interest on interest on interest...........ad infinitum.

Why would they want to lend to someone worth at best 6 - 7 percent on their investment?

They need to be forced to deal in a fairer manner in the retail banking sector. They will never self regulate. New Labour played right into their hands on the early 2000s, by releasing them from deposit and loan to value restrictions. Now they need to be reminded that customers should come before shareholders.

Don T.