Many minorities avoid seeking credit due to generations of discrimination. Why that keeps them back

Many minorities avoid seeking credit due to generations of discrimination. Why that keeps them back

US News Rank

Image Source | DigitalVision | Getty Images

For many minorities in America, it’s an all too familiar scene.
An applicant who is a person of color and and applies for credit is either denied or gets much worse terms than a white borrower.
In fact, an investigation by the National Fair Housing Alliance, a Washington D.C.-based nonprofit, found that 60% of the time, applicants who were people of…

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