why do most negros have bad credit?

Discussion in 'The Bar' started by baltimore mike, Jan 19, 2013.

  1. baltimore mike

    baltimore mike Well-Known Member

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  2. Donkeyboy2190

    Donkeyboy2190 Never earned a dimes

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    They're also afraid of the bank. It's a cultural thing.
     
  3. Babs

    Babs Well-Known Member VIP

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    Predatory lenders.
     
  4. baltimore mike

    baltimore mike Well-Known Member

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    no schtick here just curious
     
  5. GHP

    GHP New Member Banned User

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    Leave the embarrassing racism to shiv it suits the white trashies better :)
     
  6. La Flama Blanca

    La Flama Blanca Well-Known Member VIP

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    You gotta have the best shoes, cars and cloths!
     
  7. sarnie

    sarnie a.k.a. smarmie

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  8. 2Manboobs

    2Manboobs New Member Banned User

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    As one who has pulled the credit bureau's of hundreds (possibly even thousands) of blaek-folk, I can say that it boils down to two aspects .... (1) Extremely mismanaged job history//below-average wages ..... and, (2) Complete & absolute lack of understanding of how to build & maintain a quality credit file//FICO score
     
  9. GHP

    GHP New Member Banned User

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    Black American CULTURE is different from whites. They don't give a shit about building good credit. They don't care about signing on for a 30-year mortgage and being homeowners. They want to drive that Escalade off the lot TODAY, they don't care if they're making $5000 a month payments. And it better have those rims they want or else, motherfucker :D
     
  10. La Flama Blanca

    La Flama Blanca Well-Known Member VIP

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    I'm thinking you own a sugar plantation, not working on one?
     
  11. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    because they have no money? because they have no jobs? because they have a past history of late payments (not defaulting), because they listened to some asshole on TV who told them "bankruptcy is a new beginning", because based upon where they live they have a greater statistical probability of not repaying?

    from what i've read about it, that's what determines creditworthiness. banks are color-blind: they generally only see one color, and its not black or white.
     
  12. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    and the biggest personal credit lender in the country doesn't even use FICO scores (they have their own scoring).
     
  13. Markijuano

    Markijuano Well-Known Member

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    Renting gold teeth
     
  14. GHP

    GHP New Member Banned User

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    I provide workers for a reasonable price :hat:
     
  15. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    and those are cheap 14k gold too. even have bad taste about teeth.
     
  16. GHP

    GHP New Member Banned User

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    The ones who DO have money and jobs (music/sports mostly) aren't interested in building a high credit score. It's just not a part of their make-up. They'll pay cash, mofo :)
     
  17. 2Manboobs

    2Manboobs New Member Banned User

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    They're generally not afraid of banks, per se.. They typically just do something early on that prevents them from keeping one open..(overdraft issues, fraud, creditor bank levy, etc)
     
  18. PullMyFinger

    PullMyFinger Hors d'oeuvre Addict VIP

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    [​IMG]
     
  19. Shivvy

    Shivvy Well-Known Member

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    GHP is right
     
  20. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    that comes from their environment. those that see others valuing platinum credit cards, etc. learn to manage their credit history. those who see people valuing cash and cheap gold, don't.