Personaly I hate when race comes into issues. Being a
minority, I don't think I am discrimnated against very
much wherever I go in this country.
That doesn't mean that it does not happen to anyone,
just I hate when it is used to make a situation ugly.
If the lawsuit was Nissan discrimnates against poor
people, then it would probably easily be explained
away by saying the obvious, poor people are a higher
credit risk.
By bringing a racial overtone to it, the laywer now
has a case unfortunatly.
Mike
--- Greg Taylor <[EMAIL PROTECTED]> wrote:
> I completely agree with you Mike. I was just simply
> letting everyone know
> what is going around, but I do understand what your
> saying. I may quite
> possibly be that the percentage of blacks to whites
> that happen to buy
> Nissan's cars are at higher risk... got me?
>
> Greg
>
> -----Original Message-----
> From: mike kojima [mailto:[EMAIL PROTECTED]]
> Sent: Tuesday, July 10, 2001 6:40 PM
> To: Sentra Mailing List
> Subject: Re: SML-NON-P: Nissan being sued for
> overchargine Blacks....
>
>
> Don't belive everything you read in the news. The
> news slants things to make them motre interesting
> and
> contraversial to get better ratings. Not that I know
> anything but I bet the the facts on the story is
> because higher risk loans get charged more fees and
> higher interest rates.
>
> When a credit app is filled out with your personal
> info, it is just processed like any other loan.
> When
> getting loans, I don't remember ever filling out
> what
> race I was on the application form for any sort of
> credit, just stuff like my employment history, my
> credit history and how much I make.
>
> It probably is a matter of what race the people who
> ended up in the higher risk, higher interest rate
> loans ended up being. I bet that they were not
> selected or profiled based on race. That would be
> unethical. Business wise there is nothing wrong
> with
> charging higher risk applicants higher rates though
> when it is not based on race.
>
> Mike
>
>
>
>
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