# In an Q&A interview, Professor David Yermack offers advice for consumers interested in applying for an unsecured credit card

1 Faculty News February 12, 2020 ![WalletHub logo](/sites/default/files/styles/246w/public/assets/images/con_046689.jpg?itok=64YeKxvQ)>

Excerpt from [WalletHub](https://wallethub.com/credit-cards/bad-credit-unsecured/#expert=David_L._Yermack) -- "The costs are high because customers with poor credit tend to default at high rates. Lenders need to compensate for this by charging higher fees and interest."

[Read More](https://wallethub.com/credit-cards/bad-credit-unsecured/#expert=David_L._Yermack)