I’ve always known that the credit bias rap was bogus as well. When I bought my first house, I got the same deal that the white guy next door did because I did my homework. I paid my bills on time, didn’t use too much credit, and checked my credit report like the box scores in the sports section.

A lot of black folks fail to learn enough about financial education until it’s too late (i.e. in the process of trying to buy a house). Back in the 80′s and early 90′s they would just be turned away and told get their stuff together, but when mortgage companies started getting rich off subprime loans they said c’mon high risk buyers.

Now the industries greed is coming home to roost. The media’s calling it a “credit crunch”, I call it “the way things should be”.