The entire credit system is to keep undesirables from moving into “better” neighborhoods, to keep the po folk in their place - both geographically and socioeconomically.
Before the credit rating system, you better attend the Elks Lodge with your local banker and be an upstanding deacon at your church to get a loan. Being white and having a firm handshake is also a must.
At least the credit rating system is a game we can all play.
The entire credit system is to keep undesirables from moving into “better” neighborhoods, to keep the po folk in their place - both geographically and socioeconomically.
Before the credit rating system, you better attend the Elks Lodge with your local banker and be an upstanding deacon at your church to get a loan. Being white and having a firm handshake is also a must.
At least the credit rating system is a game we can all play.