Are Credit Scores Racist?

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Is it time to revamp the entire credit qualification process as dated, unrealistic and prejudicial?

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yes. we need to go back to the housing/mortgage crisis where everyone who couldn't afford a house got one anyway and the economy collapsed as a result. It's only fair.

pay your fricking bills loser.

I wonder what will be considered racist tomorrow?

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that's not racism. It's statistics.

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statistics are racist too now. You didn't hear?

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A number? How? You could argue how a number is used could hurt someone, but the data itself is just data.

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CNN Article: Math is racist, How data is driving inequality

the credit rating system is a joke, but not because it singles out any race.

Not as racist as test scores.

There are no pictures attached to any credit report I've ever heard of. And that's a good reason to name your kid "Steve" instead of "Sheddrick".

Also, the most over the top swank card you can get is the Black Card.

Working in banking and other financial services has shown me the true source of the problem with this issue and it is collections. Since they don't have access to health insurance they opt to go to the emergency room more often than not or doc in the box places. Sometimes they don't receive the bill because they move alot or they simply don't pay it. Being that they don't understand how credit truly works they don't see this being a consequence for them later on. This isn't just a black thing either, poor whites have the exact same problem.