Posted on Oct 11, 2022
How structural racism plays a role in lowering credit scores
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"A survey of 5,000 U.S. adults found that more than half of Black Americans reported having a low or no credit score, compared to 41% for Hispanics, 37% for whites and 18% for Asian Americans."
How structural racism plays a role in lowering credit scores
Posted from cnbc.comPosted in these groups: 
Personal Finance
Racism
Personal Finance Racism
Posted 2 y ago
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I remember starting out in the "adult" world -- poor decision on my part rated low credit scores; better decision caused my score to rise. I found this true for my kids also. Blaming racism is a poor substitute for poor decisions and it only enables continued poor decision-making
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The two biggest factors in credit score, comprising something like 90% of the score, are debt to credit ratio and payment history. Both of those are ENTIRELY within the control of the individual.
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