2007-07-20 15:47:23 · 11 answers · asked by Anonymous in Business & Finance ➔ Credit
My wife used to work at a bank doing loans and she used to say that 80-85% of black males couldnt get a loan due to bad credit. About 30% of white males couldnt get a loan. So there is some truth to this.
2007-07-20 15:51:49 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Geez, what a generalization!
Black men, white men, black women and white women get bad credit by having debts and not paying them. Each of those groups has people with bad credit, people with average credit, and people with excellent credit.
Since black men statistically have higher unemployment rates, it's not unlikely that they would have lower credit scores on average.
2007-07-20 23:01:52 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
same reason men OR women of any race have bad credit. Sometimes a run of bad luck or money mismanagement, don't pay bills, don't pay on time, illness, ERRORS on their credit reportsm etc. Over 70 percent of credit reports contain errors which was reported in a study a couple years ago - that translates into MILLIONS of files.
2007-07-21 00:40:57 · answer #3 · answered by Iknowthis! 3 · 0⤊ 1⤋
for the same reason white men have bad credit
2007-07-20 22:49:45 · answer #4 · answered by JOHN 7 · 1⤊ 0⤋
Do me a favor and tell us your credit scores! Its people like you, that the world is so divided the way it is now. I'm a black man and my credit scores are not perfect but they are not horrible either. 648- 634- 622.
2007-07-21 09:34:03 · answer #5 · answered by Dwan J 2 · 0⤊ 1⤋
from living the Vida loca when they were younger. same as alot of the youth today.It will catch up with you sooner or later, credit is funny that way.
2007-07-20 22:53:00 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Same reason some of the rest of the world does.
2007-07-20 23:01:50 · answer #7 · answered by Patti C 7 · 0⤊ 0⤋
yeah, same reason why anyone else would have bad credit.
2007-07-20 22:50:14 · answer #8 · answered by coco puffy. 5 · 0⤊ 0⤋
I have perfect credit, booyah
2007-07-20 22:52:30 · answer #9 · answered by David S 3 · 0⤊ 0⤋
Cuz they momma put lights in their names when they were kids.....lmao
2007-07-20 22:50:08 · answer #10 · answered by Candy k 2 · 2⤊ 1⤋