What to do about Financial Discrimination?

FInancial Debt Got You Down?

Get a Job! Not while you carry all that debt!
Get a Job! Not while you carry all that debt!

What to do about Financial Discrimination?

Financial discrimination. Yes, you heard me. Financial discrimination. We used to be worried about people being discriminated against based on race, culture, creed, politics, national origin, or religion. Now of course Americans have rallied for years to prevent these discriminations from being used against people who are trying to get a job or own a home, travel abroad or adopting a child. this is a great thing. Yet somehow the people who do not think everyone is equal under the law always come up with some new form of discrimination to foist upon the unassuming American Public. This then is Financial Discrimination.

In a nutshell we now have bankers and credit reporting agencies telling employers, apartment owners, other banks and even private security agencies and independent investigators that certain people are not viable in society because they have a low or poor credit score! So, if you belong to a small, deeply enculturated community, let's say like the Amish for example. You can be denied loans or a job or a home simply because some reporting agency thinks you are a "bad risk." If you are poor, Black and living on the wrong side of town, you will have a serious credit score problem. this can be and will be used against you if you try to get a job or rent and apartment, etc. If you are a former middle class White American woman fallen on hard times with bad credit card debt or a failed mortgage (Thank YOU Bank of America!) you will find it extremely hard to find a decent job in order to dig yourself out of debt.

Of course the reporting agencies and banks and credit card companies want us all to be broke. We are way better earners for them that way; as they can put more and more late fees, hidden fees and rate hikes on us. Being broke we are all cash cows who keep getting milked for small amounts until we are drained. Then the rest of our money goes into the pockets of some bankruptcy attorneys, the IRS and the creditors. Even if the creditors get pennies on the dollar, they know you will be ready for more credit soon after you file for bankruptcy! The banks are paying off the TARP money to the government and they are getting it all from jacked up fees and credit rate hikes! It's big business. The best way to keep people broke and on the edge of financial ruin, is to ruin their ability to get financing or jobs! Hence the Credit Reporting Agencies have taken it upon themselves to become the OverLords of Money, making sure only those who already have enough, will get more. Without a job or medical insurance you actually become a burden on society. But for the banks and creditors you become a fountain of blood they can drink from like vampires! And when you are gone, you are promptly forgotten.

As it stands right now, if you go to apply for a job or a lend you will not be told why you are being turned down. Although I had one friend who was told flat out that she could not be a cashier at a local grocers (a position she had at Dillard's Dept. store for three years previously), because her credit score was so low, they were afraid she would steal from them! So that's what it has come down to here in America? If someone is afraid of you...like they used to be afraid of Black men around White women, or Mexicans around clean areas, or of the Japanese during WWII...then they have a right to deny you a job or a loan or a home based on that trumped up fear!? How does that work with human rights again? You're afraid I will steal from you, so you won't allow me to work for a living? Do you think maybe that might force someone to steal when they have no food?

My opinion is this. No one should have the right to view my credit report or make any opinions about it as far as work is concerned. If there is something on that report that the employer does not like, he should be forced by law to point it out and tell you. You should be able to see any and all reports that dig into your personal and financial background under the Freedom of Information Act. After all it used to be nearly impossible to get a Credit Report at all! They were so afraid you would find their mistakes. Now you get one free annually from all three agencies and you can correct any mistakes and dispute any unreasonable entries. This is because someone sued based on the Freedom if Information Act.

We need to make employers and others like real estate agencies and apartment building owners, stop looking for "what ifs" and holding all people "Innocent until proven guilty." That is the RULE OF LAW everyone is talking about! You simply cannot look cross-eyed at someone and say "I think that person may steal from me," or" He might not pay me my rent," or "She might not pay me my money back..." Might not, probably won't, and I'm Scared" are not reasons for denying people jobs and homes. Especially now in this financial melt down when nearly everyone has a dark stain on their credit report. We've been allowing the banks and credit agencies too much free rein for too long. Time to rein in their paranoias and their skeptical attitudes which are nothing more than basic discriminations of rich against poor. These credit reports used as sounding boards for someone's character are also a front for racial, religious, cultural and other discriminations. We need action now so that Americans can get back to work and be trusted to pay their way! Let's stop the banks and creditors from draining our life's blood, ruining our economy and destroying all the classes but their own!

Comments 18 comments

R. Allen-Hewlett 6 years ago

Hi, David;

Great article... you tell 'em! How does my credit score reflect my excellent customer service and sales records?

Why should someone be tortured and 'held down' because they had to move into a lower rent neighborhood when greedy oil companies shoved gas prices up to $4.00 a gallon?

How is it.. that a family that has experienced a major illness or a serious accident must loose everything .. and then, on top of all that, be insulted, submitted to interigation and judgment of character and of their credit score when they are only victims.

We are all victims.. you know .. of massive greed .. and we have let it happen. So,I wonder why there isn't a march on Washington ... or at least on the banks!

That would send a message .. a la Ms. Huffington..

Let's do it !!! R.

Thanks for the great post. ' My blood is up' !!


Lisa Hatley 6 years ago

I went bankrupt in 2005 due to a flexible rate mortgage. As a single middle-class working mother I had no options and had to represent myself. My trustee had a heart attack and some how my mortgage and car loan were not reaffirmed. I have continued to pay both and finally own the car, but when my 1998 car broke down I sought a car loan. Although I have what should be considered a good credit score, I was turned down by every bank. I finally went to my credit union because they are supposed to grant loans based on credit score and debt to income ratio. Under these guidelines I should have qualified. I was asked to produce the following documents: driver's license, original W2 forms, tax return, child support record, and current pay stubs. I claimed all debt on my application, including the newly modified mortgage, but was asked to prove that I make that payment because my credit report shows it as a bankruptcy with no payments made since 2005. I provided them with recent statements to prove this, but now they are insisting that they have a copy of my mortgage modification. I asked if it was common practice to ask all car loan applicants for mortgage documents and was told, no. I stated that this was financial discrimination and they still insist on that document. The loan process has to be completed within 30 days and I am quickly approaching this date. Is there anything I can do other than hire a lawyer?


David St. Albans 6 years ago

Lisa,

Yes, you've been victimized by the Financial Discriminators. Your story is very sad and upsetting to me. Not even a lawyer can help you because to discriminate against someone on financial matters is actually what the govt. WANTS these banks to do! Especially now because the banks formerly made so many bad loans! (Which we now know they invented in order to "sell short" and make a profit! I have been in contact with Barack Obama and made it clear that this is a case of War Profiteering on the bank's part. However, back to you. There is very little you can do now except to try various smaller, more personal banks, have all your documents ready and tell them what has happened to you elsewhere and hope someone will give you the break you need. You could get a lawyer involved if you could make a case for them denying you because you are a woman. Or there may be a young, hungry lawyer out there willing to tilt at the windmills of Financial Discrimination. Contact the ACLU for names of attorneys near you. They would also probably be interested as it does violate the Constitution.


Robert of Chicago 6 years ago

I do not currently have bad credit, rather I am as they call in the credit industry a credit ghost (no credit.), which is just as bad. I've always paid cash for items at the base price, as not to get overcharged with interest fees and similar fees that I deemed as unecessary. With that being said your proposal for this cause is far overdue and I strongly believe that this is something you should follow through with. The whole concept of a credit score in this country is ridiculous and has gone way overboard. As an example I was rejected internet service by one of the main internet/phone providers in the Chicago area because my credit wasn't to their liking. This garbage definitely needs to stop. Employers, landlords, internet providers, and so on do not have any right to be digging into the financial backings of individuals without their consent. If you can figure out a legal loophole, perhaps a few class action law suits against the credit/banking industries and the individual companies discriminating based on credit might help push your cause.


Whisperindave profile image

Whisperindave 6 years ago from Scottsdale, AZ Author

Robert,

At the risk of becoming the new "Michael Moore" of this cause I am as on top of it as I can get. This is a system put in place by the banks which is wreaking havoc on persons like you and me and Lisa, but also on vastly larger industries. A for instance. Just after the elections,when they knew Barack Obama was to be the president, and that things like Solar Energy would take a forefront in his agenda, Goldman Sachs (THE bank which regulates credit scores for global industries) gave an arbitrary low credit score to one of the world's best known and most important Solar Energy cell providers! They essentially crippled the company's ability to take out loans. They reasoned that there would be "too great a call for the solar cells and that the company would not be able to provide them!" This they did without consulting the company. The company was fully able to provide the materials "expected" and was in a huge growth phase and their stocks shot up with news of the election. Their stocks then fell after Sachs destruction of their credit score! This is a case of one of the worst offenders in the world's history of embezzlement and malfeasance on a global scale, controlling and destroying Free Traded companies on a whim! These witless, cold and calculating "money men" have nearly bankrupted us all. We need them not to be regulated, but disenfranchised, broken up and given into the hands of people who are going to invest in the people and companies of the world, not control and destroy them at will! I will do what I can, but we need more and more people who have been discriminated against, to stand up and be counted. Thanks for doing that yourself! Meanwhile, do yourself a favor, it is a slight inconvenience, but get a standard "Mastercard" with a low credit limit. Use it to buy gum and ice cream one a month, and you'll at least have credit enough to buy an airplane ticket or internet service if you need it. I used to be like you, but found I could not even rent a U-Haul to move without a credit card! If you buy an airplane ticket with cash, the FBI arrests you! So be careful out there.


roblee 6 years ago

I was a licensed building contractor until the crash of the housing industry, at which time we lost our home, 1 of 2 vehicles, our travel trailer and most of our valuable personal belongings. Of course our credit took a terrible hit which now prevents me from getting any job that is going to pay a decent wage.

I do not understand how our government has allowed this to happen...financial discrimination. Credit checks should only be allowed where credit is required.

I have written a paper that I would like to be downloadable so that all that are willing can sign it and send it to our representatives (including the President) to stop this discriminating practice.

I do not know where to post such a letter for high visibility to the general internet user. I am not real computer literate, but do have a good understanding of how it all works. I have been fortunate enough to find this page where there are others that have or are facing the same dilemma as my wife and I am facing.

Can we band together to help ourselves and those who will face this same discrimination practice? I believe that 2 states have already passed laws prohibiting the practice of credit checks for employment and 16 other states are in the process of revising this practice.

Any help would be greatly appreciated.

Robert Swearingen


David St. Albans 6 years ago

Dear Roblee, Take a look at the items below. These are copied directly from a paper I had to sign for a background check. You should take some of it and write to your senators, congressmen and to your bank officials. If you are unemployed, seeking work, it is against the law for someone to deny you work based on your credit report. Another thing to do is to file with your credit reporting agencies that you are a victim of fraud or put a fraud alert on your report. This will keep employers from using your files to discriminate against you! You can also sue anyone who discriminated against you by using credit info! This was all news to me! Hope it helps.

A Summary of Your Rights Under the Fair Credit Reporting Act ?Frequently Asked Questions The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (such as agencies that sell information about check writing histories, medical records, and rental history records). Here is a summary of your major rights under the FCRA. For more information, including information about additional rights, go to www.ftc.gov/credit or write to: Consumer Response Center, Room 130-A, Federal Trade Commission, 600 Pennsylvania Ave. N.W., Washington, D.C. 20580. * You must be told if information in your file has been used against you. Anyone who uses a credit report or another type of consumer report to deny your application for credit, insurance, or employment – or to take another adverse action against you – must tell you, and must give you the name, address, and phone number of the agency that provided the information. * You have the right to know what is in your file. You may request and obtain all the information about you in the files of a consumer reporting agency (your "file disclosure"). You will be required to provide proper identification, which may include your Social Security number. In many cases, the disclosure will be free. You are entitled to a free file disclosure if: o a person has taken adverse action against you because of information in your credit report o you are the victim of identity theft and place a fraud alert in your file; o your file contains inaccurate information as a result of fraud; o you are on public assistance; o you are unemployed but expect to apply for employment within 60 days. In addition, by September 2005 all consumers will be entitled to one free disclosure every 12 months upon request from each nationwide credit bureau and from nationwide specialty consumer reporting agencies. See www.ftc.gov/credit for additional information. * You have the right to ask for a credit score. Credit scores are numerical summaries of your credit-worthiness based on information from credit bureaus. You may request a credit score from consumer reporting agencies that create scores or distribute scores used in residential real property loans, but you will have to pay for it. In some mortgage transactions, you will receive credit score information for free from the mortgage lender. * You have the right to dispute incomplete or inaccurate information. If you identify information in your file that is incomplete or inaccurate, and report it to the consumer reporting agency, the agency must investigate unless your dispute is frivolous. See www.ftc.gov/credit for an explanation of dispute procedures. * Consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information. Inaccurate, incomplete or unverifiable information must be removed or corrected, usually within 30 days. However, a consumer reporting agency may continue to report information it has verified as accurate. * Consumer reporting agencies may not report outdated negative information. In most cases, a consumer reporting agency may not report negative information that is more than seven years old, or bankruptcies that are more than 10 years old. * Access to your file is limited. A consumer reporting agency may provide information about you only to people with a valid need – usually to consider an application with a creditor, insurer, employer, landlord, or other business. The FCRA specifies those with a valid need for access. * You must give your consent for reports to be provided to employers. A consumer reporting agency may not give out information about you to your employer, or a potential employer, without your written consent given to the employer. Written consent generally is not required in the trucking industry. For more information, go to www.ftc.gov/credit. * You may limit "prescreened" offers of credit and insurance you get based on information in your credit report. Unsolicited "prescreened" offers for credit and insurance must include a toll-free phone number you can call if you choose to remove your name and address from the lists these offers are based on. You may opt-out with the nationwide credit bureaus at 1-888-567-8688. * You may seek damages from violators. If a consumer reporting agency, or, in some cases, a user of consumer reports or a furnisher of information to a consumer reporting agency violates the FCRA, you may be able to sue in state or federal court. * Identity theft victims and active duty military personnel have additional rights. For more information, visit www.ftc.gov/credit. States may enforce the FCRA, and many states have their own consumer reporting laws. In some cases, you may have more rights under state law. For more information, contact your state or local consumer protection agency or your state Attorney General. Federal enforcers are: Type of Business: Contact: Consumer reporting agencies, creditors and others not listed below Federal Trade Commission: Consumer Response Center – FCRA Washington, DC 20580 1-877-382-4357 National banks, federal branches/agencies of foreign banks (word "National" or initials "N.A." appear in or after bank's name) Office of the Comptroller of the Currency Compliance Management, Mail Stop 6-6 Washington, DC 20219 1-800-613-6743 Federal Reserve System member banks (except national banks, and federal branches/agencies of foreign banks) Federal Reserve Board Division of Consumer & Community Affairs Washington, DC 20551 1-202-452-3693 Savings associations and federally chartered savings banks (word "Federal" or initials "F.S.B." appear in federal institution's name) Office of Thrift Supervision Consumer Complaints Washington, DC 20552 1-800-842-6929 Federal credit unions (words "Federal Credit Union" appear in institution's name) National Credit Union Administration 1775 Duke Street Alexandria, VA 22314 1-703-519-4600 State-chartered banks that are not members of the Federal Reserve System Federal Deposit Insurance Corporation Consumer Response Center, 2345 Grand Avenue, Suite 100 Kansas City, Missouri 64108-2638 1-877-275-3342 Air, surface, or rail common carriers regulated by former Civil Aeronautics Board or Interstate Commerce Commission Department of Transportation, Office of Financial Management Washington, DC 20590 1-202-366-1306 Activities subject to the Packers and Stockyards Act, 1921 Department of Agriculture Office of Deputy Administrator – GIPSA Washington, DC 20250 1-202-720-7051 I have read and understand my rights as listed above.


David St. Albans 6 years ago

Please sign this petition and let's get this show on the road! No more financial discrimination! Go to the GoPetition site at: http://www.gopetition.com/petition/40339.html


Dana 5 years ago

This has my blood boiling! BUT I have a "HaHA" story that'll hopefully make somebody feel a little better: After a bad divorce from a bad woman and losing his house to a corrupt mortgage company (that was located 4000 miles away in Florida) in a shady refinance deal in an effort to pay her off in the divorce settlement, my then-new husband and I moved to another town 40 miles away. When looking for a rental, we started to become infuriated at how many rentals insisted on doing credit checks, one in particular was extra nasty. To make a long story short, we've lived happily in an amazing rental house, with an amazing landlord who didn't feel it was necessary to for a credit check (still believes in the Handshake policy, bless his heart) and that place with the nasty landlord? Has been sitting -- EMPTY -- all these years! HA HA!


Whisperindave profile image

Whisperindave 5 years ago from Scottsdale, AZ Author

I watched a video by a guy who teaches people how to fix their own credit. And he mentioned twice that the the Credit Reporting Agencies, with full knowledge that most of their customers are having their credit scores wrongly reported, are still allowing Banks and others to access the credit reports as a way of seeing if a person is a "risk." And you can become a risk even if your score is one point lower than someone elses! Apparently the first thing the banks do is not report if your credit cards have a limit. If they don't say what the limits are, it "appears" your card is "maxed out!" Which lowers your score! So ask them to show your credit limits. One good way of fixing credit, since most scores are determined by CARDS, not loans, assets or payments...is get THREE Credit cards. Set your own personal limit at 30.00$ And use the cards every month to make a small purchase, then pay it off the next month, making another purchase, etc. Your score can be raised to over 700 in this way! FIGHT THE SYSTEM!

David St. Albans


LOUIS SHEPTIN 5 years ago

I RTECENTLY ATTEMPTED TO RE-OPEN MY ACCOUNT WITH NETFLIX FOR THEIR $7.99 SPECIAL TO DOWNLOAD MOVIES. I TRIED TO PAY WITH MY "DIRECT EXPRESS" DEBIT CARD FROM THE COMERICA BANK WHO PARTNERS WITH THE US TREASURY. I ORIGINALLY HAD A NETSPEND DEBIT CARD WITH DIRECT DEPOSIT OF MY SOCIAL SECURITY AND DISABILITY PAYMENTS. NETSPEND'S FEES WERE TOO MUCH, SO I CHANGED. NOW NETFLIX CALLS MY DIRECT EXPRESS CARD A "PREPAID" GIFT CARD, AND THEY WILL NOT ACCEPT IT ACCEPT. I FOUND OUT NETFLIX IS BEING SUED IN FEDERAL COURT IN BOSTON BY THE ASSOCIATION FOR THE DEFT FOR NO SUB-TITLES ON THEIR STREAMING MOVIES. VIOLATIONS OF THE AMERICANS WITH DISABILITIES ACT. I FILED A MOTION FOR INTERVENTION UNDER RULE 24 OF THE FEDERAL RULES OF CIVIL PROCEDURE AND EMAILED THE CEO , REED HASTINGS AT NETFLIX (REED.HASTINGA@NETFLIX.COM) HE REFUSED TO EVEN ANSWER MY EMAILS, BUT DID HAVE A FLUNKEY ELANA MILIKEN IN THEIR HEADQUARTERS CALL ME AND OFFER ME A FREE YEARS SERVICE TO "WITHDRAW MY MOTION," I TOLD HER "AND SELL OUT 40 MILLION AMERICANS IN DISABILITY WHO RECEIVE THEIR FEDERAL DISABILITY CHECKS ON A DIRECT EXPRESS DEBIT CARD??? HELL NO LADY! TERE IS FINANCIAL DISCRIMINATION, AND DISCRIMINATION AGAINST THE SENIORS, THOSE ON SSIAND ALL THE RETIRED MILITARY WHO GET THEIR CHECKS IN THE DIRECT EXPRESS DEBIT CARD...THERE IS NETFLIX...HAY HEARD THEY JUST RAISED THEIR RATES, IN THIS BAD ECONOMY, GUESS THOSE CALIFORNIA PARTY GIRLS ARE GETTING EXPENSIVE...WELL JUST PASS IT IN TO THE CUSTOMER REED....


jack not john 3 years ago

Flip the coin!

I work, owe no one anything.

A Vet with health insurance that has been billed for health care.

Why?? If I was a bum I would get free health care.

Uncle Sugar will pick my pocket because I have a pocket to pick.

HEB: 13:8


anesh ramlotchan sukdeo 2 years ago

the justice department in S.A.discriminates against contract magistrates and permanent magistrates relating to salaries. contract magistrates and permanent magistrates doing the same job, the former earns 60% of a permanent magistrate's salary. a contract magistrates get no leave or sick leave. i was employed for 2years six months and when asked for leave, i was fired without any reasons and was barred off the premises by security guards. this matter is in the durban high court for arguments on 25/03/2014


anesh ramlotchan sukdeo 2 years ago

my case was dismissed on the 25/03/2014. it took the judge less then 2minutes to give an extempora judgment in favour of the SA GOVERNMENT. HE ERRED IN MANY ASPECT OF THE LAW.Some judges are afraid to rule against their masters. i applied for leave to appeal his judgment pending a date for notice to appeal.


anesh ramlotchan sukdeo 2 years ago

NO DATE HAS BEEN MADE AVAILABLE FOR THE APPLICATION FOR LEAVE TO BE ARGUED


anesh ramlotchan sukdeo 2 years ago

i have received the transcripts and the judgements, but learnt that it was the amended or corrected version and not the authentic version. The authentic version was amended or substituted or altered by the the judge that initially gave the judgement. The transcriber, being sneller recordings advised me they are not allowed to furnish me with the original transcripts, that's the instructions. I noted with great concern that the original judgement to a certain extent was amended and altered or substituted with new information that was not initially placed on record.This is SA justice system.[injustice in a justice system like ours is a threat to justice everywhere


Whisperindave profile image

Whisperindave 2 years ago from Scottsdale, AZ Author

Exactly my point, that the governments and the courts, financial institutions (like banks and insurance companies) are running our lives, but also making determinations as to who is "upper class" or "lower class" If they determine you to be lower class, you get absolutely no help from the Justice System. You lose your status as a citizen. You become a second class cistizen and eventually a slave to the system. As for your records; All public records are YOUR records and the originals should indeed belong to you. They can keep copies. Sounds like you most likely did not pay someone enough money (bribes) to get a fair court case or original records. You have a right to see those original records and see if there has been any manipulation of them. This happened with a local doctor of mine. I asked for my records, they did not want to give them up. I mentioned it was the LAW, those records belonged to ME, not to them, So they forced me to pay them to make copies for their office, but did give me the originals. There was a lot of information in those records they never told me about! Comments, notes, etc. which I am sure they would have "redacted" had I not been standing there.


Tara 20 months ago

Would this be a form of financial disc...If being subjected to a review panel who is making a ruling impacting the rest of my life. I have been unable to retain the needed atty who could and probably would win my case for a favorable ruling. Even those employed by the organization making the ruling/determination have stated to me on more than on occasion that I won't win without an attorney (which is bias in and of itself) my benefits review appeal but because of the medical catastrophe (ruptured cerebral aneurysm and brain surgery and recovery) etc. I am not financially able to retain or pay for the attorney that I need. But the panel has decided to rule on my case even though I have no representation and told them this places me at an unfair advantage but they just keep moving forward. Their ruling will be the last straw to complete and total ruin of me. Because I can't afford to pay a retainer for proper and needed representation but the panel has decided to move forward even though I have no representation. Isn't this a from of financial discrimination? I would win with an attorney but can't afford to get one therefore, their moving forward to rule on my case even though I have no representation puts me at a disadvantage and the odds of my getting a favorable ruling are almost nil without representation. Wouldn't this scenario be one of financial discrimination? If I were financially able to afford hiring the attorney this would put me on an equal playing field so to speak with my judgers. What do you think? I want to file a discrimination lawsuit based upon financial discrimination....comments? thoughts? words of wisdom?

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