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Discrimination?

New Member

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. 
Message 1 of 10
9 REPLIES
Moderator Emeritus
Valued Contributor

Re: Discrimination?

Yeah trust me they don't take race into account.  I am a white male and my scores stink.  
Message 3 of 10
Super Contributor

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
Message 4 of 10
Moderator Emeritus

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?
Message 5 of 10
Established Contributor

Re: Discrimination?

Rolling on the Floor Laughing
Message 6 of 10
Super Contributor

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  Smiley Very 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
Message 7 of 10
Moderator Emeritus

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.
Message 8 of 10
Moderator Emeritus

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.Smiley Wink
Message 9 of 10
Valued Contributor

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.
- - - -
in a credit-scoring postnuclear Stone Age...
Message 10 of 10