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What to do about Financial Discrimination?
FInancial Debt Got You Down?
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!