Re: Reverse Discrimination
This thread is getting out of hand, and I apologize for my role in that. To try to get it a little more on topic, here is an interesting situation:
I was recently turned down for a GM/Household Bank card. There were two reasons given: 1) Too many inquiries. OK, fair enough; I had something like 6 inqs at the time. 2) Dwelling type.
Here's where it gets interesting. I live in an apartment by choice; my income and credit rating are good enough so that I could buy a house if I chose, but houses are terrible investments.
Now, a far higher percentage of minorities live in apartments/rent than whites. So is this an example of discrimination? It could be. Why should Household care if I live in an apartment or not? My credit history is my credit history; my scores are my scores. But by adding a term for "dwelling type" to their risk assessment formula, Household could be guilty of racism, because it represents defacto discrimination against minorities. I'm not saying it is racism, mind you, I'm just giving an example of how these suits work, and how complicated they can be. "Dwelling type" isn't a part of the FICO formula; why should it be a part of Household's? It isn't necessarily "playing the race card" to file a suit under these circumstances, although such suits have had rough going lately, and I think this one, because of Rains or Waters or whatever his name is, and an increasingly conservative judiciary, is going to be tough to win. But like everything else having to do with race, there's more here than meets the eye.
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'I wasn't worth a cent two years ago, and now I owe two millions of dollars.' -- Mark Twain