Quoted:
The studies have found that disproportionate numbers of blacks and Hispanics have subprime mortgages, which are high-interest loans to homeowners deemed riskier because of tarnished credit histories or other factors.
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Did this dawn on anybody else that it is "common" sense to charge more interest for riskier loans? Ever heard of "Junk" Bonds?
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Yes bad credit means you get a high interest loan.
Sorry but if you have credit that is "tore up from the floor up" you don't get to enjoy lower interest rates.
Too Bad So Sad…
I also think it’s a sham that the NAACP is also trying to "add" Hispanic people to its "agenda".
Typically the Hispanic people that have lower credit scores are usually due to the fact that they have little or no credit. Not because they went out and ruined theirs, then turned around and stole their kids SS# and ruined it for them too.
I remember numerous times while working retail in the wireless industry we would have "certain" people who after we ran the credit (and came back denied) would ask if we could run their child’s SS#. WTH is up with that???
Anyways I guess its racist to expect people to pay their bills and establish/build their credit score just like everyone else does.