It seems that black people have terrible credit (in general). All of my black friends have credit scores in the 600's or lower. All my asian and white friends are above 700, usually 750's (except a few). Why does it seem that black people tend to neglect credit, and never repay back? is this seen as an opportunity to fast cash, without foreseeing the disaster and havoc it may wreak upon their credits?
Is it just a cultural thing, that black people percieve themselves as deprived, and therefore take advantage of $500 credit offers, only to mess up their score? Do all young black kids have to life as ghetto superstars? If your black, this is not to offend you, but im merely stating the general trends that I see. Answers from blacks, preferably young are wanted. Thanks
2006-07-22
05:09:34
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4 answers
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asked by
Phillip R
4
in
Credit