"from 2004 to 2008, only 6.2 percent of white borrowers with credit scores of 660 and above ended up with higher-rate mortgages. Latinos and blacks with good credit scores were at least three times as likely to end up with higher-rate mortgages."
my domestic partner's daughter used to sell these lovely credit plans to ass hole innocent householders
key the agent's commission is directly related to the rate agreed on
the higher the rate the higher the commission on a loan of x dollars
the strategy is start high and wait for an objection
how can i put this accurately ?
good credit
rule following
minority folks
from certain non commercially savy communities...
like african americans and chicanos
are more likely to asssume
they are getting honest helpful "service"
from a slime coated snake of an agent
its been my experience as well
selling total rip off
appliance protection plans
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yes some big felon corporations have been forced by court order
to refund some usurious overcharges
but the systemic answer
a law that makes over charging for loans
subject to ruinous fines and compensations
of course no such law exists in any of the 50 states
let alone the federal level
Comments (1)
That's why it's known as "servicing the account".
Posted by sk | January 20, 2012 7:00 PM
Posted on January 20, 2012 19:00