Posted On: January 5, 2007, 8:29 am CST

Posted By:

It's funny how everyone turns credit into an indicator of income or race. Assuming that the Industry using credit scoring to target lower-income or minority people and charge those people more is asinine. Credit scores are indicators of RESPONSIBILITY; not income, race, religion, etc. A white male with $100k/yr income may pay more with poor credit than an African American female with $20k/yr income who was responsible and took care of her finances. If you're too irresponsible to pay your bills and not run out and charge a Nintendo Wii despite not having money, you're not going to be able to properly maintain the safety features of your automobile, are more likely to drive reckelessly, and (statics show time-and-time again) that you're more likely to have an accident and or file a claim. It's not discriminatory, it's not Big Brother, it's not "The Man keeping down the poor"... it's a statistic used to properly rate a policy.