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1. You can seek out a lender who specialises in higher risk loans 2. If there isn't one, you can start a lender that does that, since there is probably a busin
by zpeti 5y ago
1. You can seek out a lender who specialises in higher risk loans
2. If there isn't one, you can start a lender that does that, since there is probably a business opportunity if noone is doing it.
3. You can convince friends and family that you are more reliable than your demographic and get angel investments from them.
4. You can convince VCs that you are more reliable than your demographic and get investment
5. You can try and aim for quick profitability and bootstrap your business.
6. You can complain about your victimhood and do nothing.
- MyHypatia 5y agoOk, if you're just going to lie down and accept paying higher interest rates or jumping through hoops because you're male/female/black/white then go ahead. I don't accept having to jump through additional hoops or having to pay more money because of demographic factors. And thankfully there are laws today that prevent banks from refusing to loan people money because they are black, female, etc.
- systemvoltage 5y agoThis is why we have regulations that explicitly bar discrimination based on race. Turning a blind eye to science isn’t solving the problem. It’s oppression.