Without going into all of the details, let's just say that the rate was unacceptably low. What was striking about the data was the relatively poor credit quality of a large set of loan application that we were getting. They were very easy to get. They still are. Young folks getting their first jobs are introduced to the world of credit cards.
Credit cards are a modern necessity but for some they become a serious problem .
Credit card debt can destroy young people's lives. If you want to become a homeowner you need to have credit cards work for you. It is OK to get credit cards. It is OK to use them. The purpose in using them should be to establish a credit history.