[GOPJ]

Credit’s NOT only based on income. It’s also based on paying bills on time. I suspect this is liberal bullsh*t. Bank’s make their profit by ‘renting’ money. They’re not going to turn down profit unless they feel the risk it too high.

[TurboZamboni]

“Redlining”: you won’t loan me money on MY terms.
“Predatory lending”: you loaned me money on YOUR terms.

[FreedomPoster]

And with the advent of Big Data analysis tools, many are going beyond the FICO score when looking at lending. This article attempts to boil down a complex issue to income and skin color purely to push a political agenda.

CRA lending based on skin color to “get the numbers right” for proper political regulatory appearances was a factor in the 2007 crash.

[MortMan]

From the article: The report suggests that while banks may have justifiably tightened up credit standards, they have swung so far that they are cutting off credit not just to questionable borrowers but to people whose income would appear to qualify them for a loan.

You hit the nail on the head. If my income is $50K, but I have failed to pay my bills in a timely manner, my credit rating will be abysmal. If I earn the same amount, but have always paid on time, my credit rating will be decent.

The authors of the study should be required to personally guarantee those loans they say should be written...

[Buckeye McFrog]

Sooner or later they will ban the very idea of having credit scores on grounds that it is “racist”.