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Nicole35
Posts: 2
Registered: ‎06-06-2007
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Discrimination?

Hello
 
I am very interested in finding out how much discriminatory decisions lie in the lending practices, which also pulls in the crediting agencies. How do they determine how much a credit score decreases or increases? And what is the time frame for increases? I much suspect that there is discriminatory practices in increasing and decreasing credit scores to keep certain individuals according to race or ethnicity, paying......I try to do research on this. If anyone else has any ideas or feelings please advise. 
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0
Valued Contributor
Boswd
Posts: 1,065
Registered: ‎04-26-2007
0

Re: Discrimination?

Yeah trust me they don't take race into account.  I am a white male and my scores stink.  
Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

Re: Discrimination?



Boswd wrote:
Yeah trust me they don't take race into account.  I am a white male and my scores stink.  


ROFL
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
fused
Posts: 16,373
Registered: ‎03-12-2007
0

Re: Discrimination?



MidnightVoice wrote:


Boswd wrote:
Yeah trust me they don't take race into account.  I am a white male and my scores stink.  


ROFL


ROFL??? This is a new one for me.  What does it stand for?
Credit Profile -
FICO 08 Scores (11-08-2014): EQ 818, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1

Established Contributor
ObsessedwithmyFico
Posts: 513
Registered: ‎05-31-2007
0

Re: Discrimination?

Rolling on the Floor Laughing
Super Contributor
MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

Re: Discrimination?



fused111 wrote:

ROFL??? This is a new one for me.  What does it stand for?



Glad to part of the education arm of the forum  :smileyvery-happy:
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
masdeocho
Posts: 2,050
Registered: ‎04-17-2007
0

Re: Discrimination?



fused111 wrote:


MidnightVoice wrote:


Boswd wrote:
Yeah trust me they don't take race into account.  I am a white male and my scores stink.  


ROFL


ROFL??? This is a new one for me.  What does it stand for?


Closely related to its cousin, ROFLMAO
-----------------
Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
Moderator Emeritus
fused
Posts: 16,373
Registered: ‎03-12-2007
0

Re: Discrimination?



masdeocho wrote:


fused111 wrote:


MidnightVoice wrote:


Boswd wrote:
Yeah trust me they don't take race into account.  I am a white male and my scores stink.  


ROFL


ROFL??? This is a new one for me.  What does it stand for?


Closely related to its cousin, ROFLMAO


Ok, got it!  This one must be rolling on the floor laughing my a$$ off.:smileywink:
Credit Profile -
FICO 08 Scores (11-08-2014): EQ 818, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1

Valued Contributor
TheNewWorldMan
Posts: 2,374
Registered: ‎03-15-2007
0

Re: Discrimination?

Is there discrimination in FICO scoring? The answer is no...and yes.

FICO does not directly consider race. So in that sense, FICO is color-blind.

However, income plays a strong indirect role in FICO scoring (paying bills on time is a lot easier if you're making $50,000 a year than if you're struggling by on $20,000). Race and income ARE correlated. So, therefore, FICO scores and race are linked by proxy.
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