#118 | POSTED BY SNOOFY AT 2017-07-17 10:09 PM | FLAG: Thought you understood that someone with poor/bad credit is a risk. Of course they do not get best rates as there is a higher chance that they will default on the loan. If a law was passed requiring them/everyone to get the same interest rates they would not qualify for a loan [i.e., no car/house, etc]..
A credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments. In the first resort, the risk is that of the lender and includes lost principal and interest, disruption to cash flows, and increased collection costs.
Credit risk - Wikipedia