Reply To: Blacks/Cars/Clothes/Whites

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Nowadays it is easier for anybody, including young black males, to qualify credit-wise for a car, especially with many lenders using sub-lenders to finance the buyers. If you could sell a $60,000-car to someone at 15-20 percent interest over a short period of time, with them trading it in for a newer (more expensive) model every couple of years, wouldn’t you? It is much more difficult to get approved for a mortgage, especially if you are young and broke, have bad credit, a so-so paying job, etc. Chances are, at that age, they’re still living with Mom, anyway, and a $500 car payment won’t break the bank.

Today’s society is all about image and keeping up with the Joneses, and if THEY’RE out riding in that new car, then you’d better be, too. And it isn’t just the black folks. When you hear about $30-40-50,000-plus credit card debt, you better believe Jack and Melissa down the street have been keeping up, too.

User Detail :  

Name : Senetra28034, Gender : F, Sexual Orientation : Straight, Race : Black/African American, Religion : Baptist, Age : 27, City : Anderson, State : IN Country : United States, Education level : 2 Years of College,