In 2021, the average Credit Score for whites was 727, whereas this was 667 for Hispanics and 627 for African Americans. Are Credit Scores racist? TC: 450k #diversity #equity #inclusion
Are you suggesting communities with high poverty rates might have poor credit and poor credit scores will tilt the average lower
In a country that loves to exploit the poor. It is just a symptom of fundamental flaws.
How do you get 450K TC with such mentality?
you sound like a racist Trump supporter
Google, you remind me of the Red guards in China back in 1960-1970
More like supporting evidence for systemic racism and white privilege.
It would only be racist if two people who have very similar financial history have significant difference in credit score and the only thing differentiating them is the color of their skin. But such nuance is usually ignored by blanket statement like op’s question
Low effort troll
No… it’s based someone’s spending habits. Nothing to do with racism. People just need to resist to not buy shits that they don’t need. Especially with borrowed money.
No . . . You can be an incredibly thrifty spender with tons of cash in the bank, but still have a shitty credit score. If you never use credit cards, you don't build credit history.
What about the types of credit you’re granted in the first place? That is proven to be based on factors outside of just repaying debt
…And Indian credit score is 800+
Credit score just shows your likelyhood to repay debt. Says nothing about character. Race isn’t even a factor.
Likelihood to repay debt is based off of things like credit history. Reading into the intent of OP's question, race can have a factor in someone's ability to secure an account that builds credit. Whether you believe racial discrimination is still a thing now, it was historically,. It has lasting impact on account history and the ability to accumulate generational wealth.
OP left out Asian which had higher credit score than Whites. Asian ~ 745
Credit bureaus hate this one simple trick to get a high credit score: Pay your fucking bills on time
In order to be able to do that, people need to be approved for accounts that are shown in a credit report. There has historically been racial discrimination that has prevented some races from even being able to open those accounts. Giving just one example, if you are motivated to learn, look up "redlining."
I’m familiar with red lining but it has nothing to do with credit scores. Redlining was geographic lending denial irrespective of credit worthiness. There’s nothing preventing you from getting a starter card (even if it’s one of those shitty secured debt cards) and building a history from there. Almost everyone starts at the bottom (unless you have financially savvy parents who added you to their cc as a teen). Just pay your bills on time and don’t max your cards. Carry a small balance into your statement and pay it off before any interest accrues. I guarantee if you keep this up you’ll have an excellent credit score.
This could be a great example of "correlation does not imply causation".
Correlation is correlation whether you like it or not.
Did you know that most nobel laureates like chocolate?