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Bank loans/house loans are based on credit today. How is this different from redlining where Banks looked at data of neighborhoods (credit)?
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- ?Lv 75 months ago
Redlining was based on geography, not credit worthiness. So you could have good credit but if you wanted a mortgage for a house in a "bad neighborhood" (i.e. one that wasn't predominately Caucasian) the banks wouldn't loan to you no matter how good your own personal credit rating might be.
- Anonymous5 months ago
move to homework help, idiot cheater.
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