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African American

TheDebbieDee

(11,119 posts)

6. Another mis-use of redlining (until the late 90s) was home improvement loans...

Reply to Wellstone ruled (Reply #5)

Wed Jun 7, 2017, 10:02 PM

Jun 2017

In most inner-city zip codes banks would not approve a home improvement loan in which the home itself was put up for collateral regardless of how good your credit history was. Most inner-city homeowners had to either borrow from their pension plan, if they had one...

I believe that this bank redlining was instrumental in contributing to urban blight for decades!

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Redlining is alive and well in US auto insurance industry. [View all] wildeyed Jun 2017 OP

All about your Zip Code my friends. Wellstone ruled Jun 2017 #1

I agree! Insurance is the biggest LEGAL scam ever created! TheDebbieDee Jun 2017 #3

We live in a Zip Code shared by Wellstone ruled Jun 2017 #5

Another mis-use of redlining (until the late 90s) was home improvement loans... TheDebbieDee Jun 2017 #6

Good old Red Lining. Wellstone ruled Jun 2017 #7

How do you guarantee employment in an at will state for 20/30 yrs? irisblue Jun 2017 #9

Catch 22. Wellstone ruled Jun 2017 #10

Ours is a mixed neighborhood of very nice homes, in the 100 K range. dixiegrrrrl Jun 2017 #8

All about Zip Code and Credit Score. Wellstone ruled Jun 2017 #11

Redlining has been used by the insurance industry since zip codes were put into TheDebbieDee Jun 2017 #2

they also use credit scores KT2000 Jun 2017 #4

If they can do this with AUTO insurance imagine what they do with HEALTH insurance. Eliot Rosewater Jun 2017 #12

It's pretty blatant here in Southeast Michigan MrScorpio Jun 2017 #13

Yep. Quayblue Jun 2017 #14