[ams6110]

Sure, we could all pay interest rates that are based upon some amalgamated average risk profile, so you end up subsidizing deadbeats who don't pay their debts.

[stnaoent23nt]

As someone who pays their credit card off in full every month, that would be fine with me. I never pay interest.

[bigheadpercoli]

It's not only about credit cards. Mortgages, car loans, working day loans, etc. as well

[otakucode]

Would that be more or less expensive than subsidizing the credit reporting agencies shareholders desire for aggressive growth?

[ams6110]

I don't know. But in the proposed scenario, credit reporting agencies wouldn't exist at all.