Bad credit equals payment more? So I'm battling trying to seize a new vehicle because mine is

So I'm battling trying to seize a new vehicle because mine is going to die soon.. but I have no credit and can't come across to gain any. That's another story. ANYWAY, I got to thinking. Why is it that relations with bleak credit usually have to discharge more to get things? ie bigger nouns rates, down payments, etc. Wouldn't you think if you have bad credit, it's probably because you couldn't afford things.. Why wouldn't they product you pay LESS? Chances are, if you could wages only a small amount, you could in actual fact afford to pay for things and not skip out on them. So why would they expect you to wage more than someone with suitable credit (and money) who could actually afford the outrageous charges near no problem? I know, I know.. it's like a reward type business. Just seems sympathetic of backwards to me.

Bad credit pay more because of their history of default .
They have a unpromising track record for stiffing the businesses that extend them credit . . .
Sooo , when they want some more , they are charged more to compensate for the losses they exact .

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If you own bad credit, it vehicle you have a proven history of borrowing money and not self able to money it all spinal column, or paying it back delayed, or cheating or lying to avoid creditors.

So why would someone want to give a entity like that an *easier* time to borrow money? And treat them better than someone who lives inwardly their means, follows the rules, and pays their debts prompt?

It just wouldn't variety any sense.

Although I understand the point of the others, I in actual fact agree with the questioner on this,but lone in the situation of slow pays fairly than outright default. giving credit to someone who pays, but pays slow,make partial payments,or pays late even at matching interest rate they will pay more to the financial institution because it take them longer to pay.
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