Fun fact - those are not entirely unrelated entities.
Credit scores actually help minorities.
The system didn’t really kick off in the US until 1989, which I’d guess is more recent than most realize. Until then, you had a sit-down with the bank officer and explained your need. How well do you think THAT went over for black people?
When you apply for credit, the creditor has no clue about race. (Your name can be an indicator. LOL, ask this white boy about getting trashed resumes until I dropped my “black” middle name. 🙄) You’re an anonymous number, all they care about. How in the world could you conflate that with racism?
So, if anything, credit scores clearly work against racism. You could argue that they hurt poor people, and you would be somewhat correct. But lenders aren’t exactly clamoring to loan money to the destitute. In a perfect world, your credit score reflects your ability to repay the loan.
Proof or stfu
They can’t provide proof because it’s blatantly untrue. Perhaps they propose going to back to in-person interviews to determine credit worthiness?
“John goes to my church, solid guy. Approved.”
“I’m sorry Jamal, maybe come back when you have lighter skin?”
I’m going to translate what you’re saying in simpler terms, maybe you’ll come to understand that what you’re saying isn’t quite alright.
“Back in the day they used to force feed horse shit to people”
“nowadays we put a lot of effort making the horse shit look more appetizing by wrapping it in a tortilla and sprinkling some chives on it and delivering it right to their doors. Can you believe those same people are still complaining? They got no idea how good they have it now”
We’re all waiting on you to propose an alternative to unbiased credit reporting. Unless, perhaps, and this is just a guess, you’re an angry teenager with no clue how all this works?
“Here’s a system where race is utterly anonymous, credit worthiness is determined by a formula. Beats hell out of interviewing in person.”
“That’s racist!”
Are your parents aware that you’re interacting with adults online?
There is none. However, implying that race effects your credit score is in fact a pretty racist thing to say. Classic Marxist mentality.
I regret to inform you sir that you have the stupid. Please get it checked out for everyone’s sake before you hurt yourself or others around you.
Hey I didn’t want this.
Problem is humanity can’t help but simp for ambitious men. Genghis Khan would have been nothing but a drunk horse rider if people didn’t go “yeah let’s do that”.
Look around how we simp for the billionaires now. This shit is genetic. Those who think differently tend to get themselves purged from the genepool too. “Heretic” n shit.
ITT: a lot of unknowingly racist people
