jacey | Egg on Face Part Three

Thanks to

del_c for posting this for me

Egg have had so much flack for cancelling thousands of credit cards (a massive 7% of all their customers) that the boss has resigned. Oh dear, what a pity. My heart bleeds... etc. etc.

It appears that Egg is one of the few banks now claiming clairvoyance as the article states:

"Many of the customers affected said they had good credit records and claimed that Egg cancelled their cards because they did not make enough money for the bank. Egg denied this and said the customers might become a high risk in the future."

It's good to know that the banking industry can spot a potential high risk customer purely by the lack of use on their credit card, isn't it? I am reassured that all is well with the world.