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Subprime loans strictly target those with poor credit and finances, a disproportionate amount of which are black. I don't understand why people have such a hard time accepting this. The people these loans target honestly have no business owning a home in the first place, and if they do they pick a home that is way above their ability to repay the loan on.
All of the rent to own places target people like this, too, and I don't think you can call them racist. Is it Rent A Center's fault if the vast majority of their customers are African American? Why can't anyone take personal responsibility instead of always wanting to pass the buck on blame.
Credit card companies target middle class to affluent white teenagers in college and I never hear anyone calling them racist. When I started college at the University of Miami my first day on campus there were about 20 tables set up with credit card companies offering free t-shirts and lunch if you filled out a credit application. I had a shit job and zero credit and never imagined I would get approved, so I filled a bunch out. A few weeks later my mailbox was full of credit cards, some with credit lines as high as $5000.
The credit card companies assume that when you charge your cards up and default on the debt that your parents will bail you out, and most do. I didn't have that luxury for quite a while and was drowning in debt before an uncle bailed me out. The bottom line is any company that extends credit doesn't give a shit what color you are, only how they can fuck you...
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