The Sheila could not resist... (Houston, Allen: insurance, bad credit, loans)

[Glucorious]

Originally Posted by Truth713

shh let him keep denying reality, that even thou they held the majority they where not filler buster proof , a tatic the repubs treaten to use at every turn..

Unlike the Democrats who are a bunch of wussies and sissies and cave in quickly.

[Truth713]

Originally Posted by 14Bricks

I don't see why Black people can't open business in the own communites, instead of waiting around on liberals to help. I mean it dosn't stop the sikh, arabs, chinese, koreans, from opening stores in blacks communites. Black people could kill two birds with one stone, help with the unemplyment and wouldn't have to deal with people who might be hostile towards you.

might have something to do with the diffulct nature of a black business to get a line of credit vs the other races..

Black tend to be asked to put up more captial

pay a higher intrest rate

more likey to be turn down for credit lines

[ComeAtMe]

Originally Posted by Truth713

might have something to do with the diffulct nature of a black business to get a line of credit vs the other races..

Black tend to be asked to put up more captial

pay a higher intrest rate

more likey to be turn down for credit lines

Are you sure its not because they have worse credit but only because they are black...

[Truth713]

Originally Posted by ComeAtMe

Are you sure its not because they have worse credit but only because they are black...

wow most people regardless of race who try to open a business tend to have decent to good credit when they apllly for business loans, but more blacks get denied than whites for the same line of credit..

http://www.dartmouth.edu/~news/relea...03/11/17a.html


and pay more for anything credit related ..




http://money.cnn.com/2009/10/01/news...ages/index.htm..

http://www.businessinsider.com/black...r-homes-2012-5..
http://blackpoliticsontheweb.com/201...w-study-shows/

[ComeAtMe]

Originally Posted by Truth713

wow most people regardless of race who try to open a business tend to have decent to good credit when they apllly for business loans, but more blacks get denied than whites for the same line of credit..


and pay more for anything credit related ..

Federal report: it's harder for minorities to get mortgages - Oct. 1, 2009..

Black And Hispanic People Pay 3% More For Their Homes - Business Insider..
African-Americans Are Charged Much More For Auto Insurance Than People Of Other Races, New Study Shows | Black Politics on the Web

Well I dunno then figured in todays PC world there would be marches and protests etc if there was even a hint of something like that going on.

[Truth713]

Originally Posted by ComeAtMe

Well I dunno then figured in todays PC world there would be marches and protests etc if there was even a hint of something like that going on.

You cant protest what you do not know is going on, banks do not have to tell you why they denied aloan , just have to say no.. stories like this comes from looking at the data and ,people in the system who rat out these practices

[Glucorious]

Originally Posted by Truth713

wow most people regardless of race who try to open a business tend to have decent to good credit when they apllly for business loans, but more blacks get denied than whites for the same line of credit..

http://www.dartmouth.edu/~news/releases/2003/11/17a.html


and pay more for anything credit related ..




Federal report: it's harder for minorities to get mortgages - Oct. 1, 2009..

Black And Hispanic People Pay 3% More For Their Homes - Business Insider..
African-Americans Are Charged Much More For Auto Insurance Than People Of Other Races, New Study Shows | Black Politics on the Web

The last article even tells you why.

African-Americans, on average, tend to have lower credit scores

[Truth713]

Originally Posted by Glucorious

The last article even tells you why.

like I said those applying for business loans tend to have the same credit score as or even higher than a white counter part who is more likey to get a approved.. so they should pay more than a guy who has been in a actual accident simpley becasue I live in a worse area ??

[Glucorious]

Originally Posted by Truth713

like I said those applying for business loans tend to have the same credit score as or even higher than a white counter part who is more likey to get a approved..

Sources, please.

so they should pay more than a guy who has been in a actual accident simpley becasue I live in a worse area ??

Of course. They were talking about car insurance. Higher likelihood car is stolen, vandalized and what not. That's nothing new.

hm

Originally Posted by ComeAtMe

After reading the links you posted none of them said anything about blacks not getting loans because they were black.

LOL.... you are supposed to read it BEFORE you comment.

Originally Posted by Truth713

Dartmouth study study is already in the link..

And it's 20 years old.

[ComeAtMe]

Originally Posted by Truth713

wow most people regardless of race who try to open a business tend to have decent to good credit when they apllly for business loans, but more blacks get denied than whites for the same line of credit..

Black business owners denied credit twice as often as similarly qualified whites, says Dartmouth study


and pay more for anything credit related ..




Federal report: it's harder for minorities to get mortgages - Oct. 1, 2009..

Black And Hispanic People Pay 3% More For Their Homes - Business Insider..
African-Americans Are Charged Much More For Auto Insurance Than People Of Other Races, New Study Shows | Black Politics on the Web

Originally Posted by ComeAtMe

Well I dunno then figured in todays PC world there would be marches and protests etc if there was even a hint of something like that going on.

After reading the links you posted none of them said anything about blacks not getting loans because they were black.

2 actually did cite credit issues as the reason and the one about higher auto insurance said it was beacause "credit score, the safety of your neighborhood, whether or not you are married, and your employment status." and then went on to say
"African-Americans, on average, tend to have lower credit scores and live in more dangerous neighborhoods than Asians and Caucasians. They also get married less and have higher divorce rates. In addition, unemployment rates are higher in the African-American community. While insurance companies do not intentionally charge black people more for car insurance, African-Americans do, on average pay more for auto insurance than whites and Asians."

Anyways Im white and I just moved to 2nd ward/East downtown or whatever a few months ago. Guess what my auto insurance went up.

The one about AA paying 3% more for a house had nothing to do with credit either. That article basically said people are willing to accept on average 3% less money from someone of their own race than they would someone from another race.

The only article that just left it at blacks get denied credit just cause was one based on studys from '93 and '98 and was very vauge.