This is where the governmnet needs to step in against fraud...If they need to anything, it is this..

If it's 80% on a $10,000 credit limit then that's high. But this right here is 80% on a $300 credit line which isn't so bad. If they put their percentage at 20% on $300 then they wouldn't make much on a very high risk individual. There wouldn't be an incentive for the company to approve money for these people and these people would be left with nothing at all.