@@candyxoxo19 True, just the extensions of the banking and credit system. Thats where you go to document your credit/banking hours on the plantation. If you refuse to join the legal plantation, you get rounded up for the hardcore plantation known as prison and work for even less or free.
@@PBLKW exactly. Wells Fargo, Chase Bank, Bank of America...they all do this. The only missing ingredient is people getting off their lazy behinds and forcing the politicians to hold these banks accountable. How many times are we gonna have this conversation before that actually happens?
Absolutely it's UNIVERSAL and across the board from banking to justice to healthcare to the military, you name it. This is something that is SYSTEMIC and he's making it seem like it was just the bank that he was working at. It's in the FABRIC OF THE FLAG and the people.
This is so true. A wyte friend of the family worked for a mortgage company and was trying to get me a mortgage in Pa. I had a credit score of 720 and her boss tried to give me a interest rate of 9%. She was pissed. I think she left the company. I went to Citizen Bank and they gave me an interest rate of 3%.
Years ago I applied for a loan with the bank that I had an account of twenty thousand dollars in a savings account. Also my credit score was in the 700 range. I only wanted to borrow fifteen thousand to buy a home. Nevertheless, the bank somehow came up with a closing cost that about 1200.00. The clerk handling the loan tried to inflate the closing cost. I closed the account, took my savings and walked out and never returned.
What I don't understand, and will never understand about our people, is that we continually uncover ways and means that others discriminate against us but WE KEEP DOING BUSINESS WITH THEM
Exactly. We are still trying to prove ourselves. Trying to get equal treatment but to them you will forever be treated as less than so do well for yourself.
I think they're 4 black owned banks or bank like bus ie: credit unions..that's crazy...the rules & courts keeps us out for one reason or another..as they are the approves of such endeavors. Lots of red tape & not enough connections.
Listen at this point it's PLENTY of black owned businesses, banks, grocery stores YOU ALL HAVE TO GET UP and do YOUR part and just go support stop talking and start walking
Unfortunately this is our plight. There is no end to this until it’s ended by the Almighty. All the more reasons bros and sisters need to be coming together, working together. There is power in unity.
@@alwaysblack2436 Peace, that is because so many black folks are not properly educated into knowledge of self and the WSS knows that the tv/media is how many choose to operate. They know that many reky on WHAT TV TELLS THEM TO DO. Simon SAYS for real.
THOSE PEOPLE - largely consist of white people, but it does include Hispanic and asains as well. I’m just gonna put that out there in case anyone wondered who those people were. You’re welcome.
This is not uncommon, my father wanted to open a vintage toy store and went through the same thing. Opening a business as a black person in America is truly a case study.
Credit is not only used in the banking industry to deny upward mobility. Credit is also used in the job market. A couple of weeks ago I was offered a job with the federal government and I passed everything portion of my background however my credit history was under review by a compliance officer. I only had 1 outstanding loan. The compliance officer denied me a position to work in the federal government because of one loan that was not paid off yet. She was so happy to tell me that she is denying my employment because of that loan on my credit report!!!
I believe it. I'm a black woman with excellent credit and a great job, banked with WF for almost 20 years. When it was time to buy a house, WF offered me a minimal amount and with a ridiculous percentage. Went through a mortgage loan company, approved me over double what WF was offering and with a very low percentage rate. Went into WF to get the check for closing, then here comes the banker seeing I bought a home trying to give me a loan. I was like sir, this is a done deal already.
Kevin Samuels would say that as a BM in America you have to work 3-times as hard for half the credit. I have witnessed this in my career I have done well, however, I watched WM and WW who were my equal or lesser get promotions and raises above me. I'm currently on my way to Financial Independence so I won't be dependent upon them for a job, a loan, or anything else.
As a black women you Do too. You think they happy we are educated, own our own home. I know black women who still will not drive their nice vehicles to work due to snarky remarks. It ain’t no easier for us.
The title of this video is very true. The bank that I have accounts with are constantly calling me to offer their products (loans). I once went in to see what they could do for me. My credit score is 800 plus, the mortgage that they financed has been paid in full, and I have 0% credit usage. The loan that I applied for came in at an 8% interest rate for a $20k loan to buy a used car. Needless to say, I turned it down. It’s just flat out predatory lending. And the banks in our communities use black people to offer these ridiculous loans as the white under writers try to stick it to us.
Exactly even with a conventional loan at a low rate that same bank will tell you to break up your funding account. folks never do it re-route some of your cash.
Thank you so much for this presentation which was forwarded to me by my daughter. 2018, I sought a loan with a bank where I'd banked since 1988. I had three HELOC loans since 2005 and repaid all. Had a 760+ credit score and received 3/4 auto loans. I was pre-qualified April through July and spoke with the representative many times prior to the realtor and I finding a new home to purchase. I'd sold my previous home, so had a sizeable down payment. At actual application for the loan, being half the purchase price, the bank rushed out to assess the home at a charge of $400.00. I was denied the loan saying it was unable to verify my income my Section 8 tenant was less than a year, not on my 1040 and my commercial tenant was new. My retirement income to debt ratio was low. I was irate in that the bank seized $400.00 to assess a property, they had no intention of financing and allowed me to believe I could be approved based on the Preapproval four months earlier. It's a suckered game, shame and discriminatory.
If it was me, I would've filed a lawsuit. My brother says, "Eh, don't worry about it." Well, I'm serious. I know if nothing was done, it'll get worse. Make em pay. Wink, wink.
This is on point. I use to work at a bank, he is dead on spot. Mainly why you never see a person of color with those types of positions where they make decisions in favor of person’s of color
Where are the people inside these banks that are reporting these disparities? If you witnessed this discrimination such as this WM why are you not reporting it??? Or did you?
I never told the bank that I noticed. I did inquire as to why certain houses were not included. The answer was generic. I did however share it among my family, friends, and community.
I initially got approved for a secured business cc at Wells Fargo in 2018 and in 2021 I applied to upgrade to unsecured business cc. They approved for $1,000 and my credit score was 760 with over $690,000 deposits. I was insulted and immediately closed my accounts with them
This be the reason why BP often aren't motivated to do a lot of things. When people can sense they're dealing with a system that's against them, they're less motivated and inspired.
They always want points for "revealing" things, but it's NEVER displayed via actions. THIS is why I always tell FBAs to indeed watch whom "marches" amongst you. We don't even need any more of these lame confessionals from them at this point. Let the cowardly, lame, soulless Caucasoids move as if we don't even think they're here...They won't do anything but miss our company and come to our platforms to make false accusations of victimhood. The time has arrived to totally dismiss their pitiful existences. You'll never get any form of progressive ACTIONS from the seeds of Satan.
I recall trying to give my business to a Black bank in my neighborhood. I had just been discharged from the US Air Force and wanted to open an account, using my Lump sum separation check. It was from the US Treasury. I was told I couldn't use it and they wanted a cash deposit to open an account. I took that check and started an account with the Credit Union. That was 35 years ago and I'm still a member. I always keep moving on.
I move in every area of my life with that understanding. If you are black, you’ll just have more obstacles and opposition to your endeavors or to your life in general.
Much agreed! The only benefit of white privilege is that when a black person makes it in this world, he/she can be proud of this incredible accomplishment in spite of white privilege (or lack thereof!). A white person who makes it can't make that same claim! That's why they are in such denial of white privilege. They want to have their cake and eat it too!
The most painful thing is sometimes those obstacles are compounded by some black folks especially in leadership positions as well smh. This is coming from a nurse and nurse educator.
Here is the best excuse to deny black people. They will claim that your credit limit is too high. Even though you pay off your credit lines each month.
Contact the creditor responsible for the hard inquiry. ... Explain that you believe there is an error on your credit report and request that they remove the inquiry. Share accurate details about the incorrect hard inquiry, such as the date of the credit check. Dec 14, 2022 To get a hard inquiry remove.
I have been even sabotaged in the Airforce, jobs in Alaska ,overseas job,and out there in Williston, north dakota, and iam finally retired and don't have to deal with that ill treatment anymore.
It doesn't matter what Black people do, there will be no respect. Some people just need to hate someone. Because Black people are the opposite of white people in appearance, and white is good black is bad, they will always have an excuse for their animosity.
They refused to let me refinance and I had an 800 credit score. Most of my white coworkers refinanced easily. My father warned me that they treat us differently. He was right! That’s when I truly accepted that system was rigged against us.
@April_Spring2015 The last time they would not accept my appraisal I had done 7mths before, and sent their own appraiser who low balled me compared to my prior appraisal. They will always come up with a reason to reject you.
But notice how he didn't give the name of the bank even though he no longer works there. They will protect each other no matter what. He isn't telling us anything that we don't already know. If this had happened to him at a black owned bank you can be sure he would be naming that bank!
We do, they just aren't going to allow us to get them. Think about it. Every other minority group was given compensation, whereas, we weren't. We all know the truth.
Here's a tip that helped my credit jump like 20 points: ONLY use 30% of your credit card limit each month and pay that amount off IN FULL every month. Also, keep no more than 4 cards(use the 30% rule for all cards). If you have store cards, get rid b of them. Just use your regular cards that give you rewards or points.
Also, build your kid's credit up by making them authorized users on your account. Don't attach them if your credit is janky....but your 20 years of credit history can be attached to a 12 year old child. Make sure to teach your children the IMPORTANCE of credit if you do so.
They will confess just enough of their sins thinking they've cleared their conscience to get the blood off their hands, but you are correct sir they definitely stay on code.
WE SMILE AT ONE ANOTHER BUT WE HAVE BEEN CONDITIONED NOT TO HELP ONE ANOTHER GREED LEADS US NOT LOVE UNCONDITIONALLY WE HAVE BEEN TRAINED THAT WAY NOW NONE OF US HAVE ANYTHING WE DEPEND ON OTHERS FOR EVERYTHING EVEN TO PULL OUR BABIES FROM THEIR MOTHER'S WOMBS
It’s not conditioning. That is an excuse. Many so called blacks are literally this way. They’re evil at heart, and will do you wrong 100% of the time. Either blacks r going to learn this the easy way or the hard way. Work with a prosper with those who vibe the same. The rest will be left behind.
@@shimmer4771 Don't need permission to do cold storage if you bought the hardware. Only thing that would need to be done is withdrawing cash from bank account and buying bitcoin.
It’s redlining but with finances. They continue to try and keep us from progressing and thriving. That’s why I don’t put down my race on applications on that ask what my race is. Like why is it necessary to know my race if i’m trying to get a home?
I had a high credit score and had automatic deductions set up to pay my credit card to prevent late fees. The bank did a computer upgrade, and they failed to deduct the amount from my account at another bank. They then reported me to the credit bureaus as being delinquent because they didn't deduct the payment. I had not missed a single payment on anything in YEARS. This one mark on my record, that is still in dispute, cost me 199 points on my score. I challenge you to find a white person that they would do that to.
No, do not allow them to get away with it. They need to correct your account, send letter/text to all three credit bureaus as well as copies to you. This is how I handled the issue years ago, contact head office.
@OnlyPamela. Sadly, Some of us try to educate the commoners about certain realities about Ameri_k_k_ka. They are (frequently) too immersed into USA consumerism, poliTRICKS, & tomfoolery to comprehend some of these lessons. 🤷🏾♂️
Yes I had a coworker and she was single. She went to the bank to get a loan and was not qualified. A couple days later she said the bank manager called her home and said they would approve the loan. She then said she had to think about it because she knows she can't pay it back. Meantime, my husband and I both work,and had good credit scores and had to jump through hoops to deal with the bank.
One woman said when she went to apply for a loan, she said she was Black at one bank. She didn't get approved. She applied at another bank, said she was White and got approved. This system is rigged.
Strong grasp of the obvious going on. He doesn't need to name the bank. My guess is every FDIC insured bank on US soil. Just my humble opinion...carry on.
Another reason we as blacks should start uniting and working together for our common good. We should also stop falling for the illusion of inclusion. We are rarely included and too many of us believed we are. We aren't. Rule 1. Black anywhere in the world and except for yourself, you have no friends. Rule 2. Do not forget rule 1.
The thing is even we do unite a lot of us African Americans don’t even care for each other unless we’re like related or something. Me being African American myself I really just don’t like to work and I cant stand the idea of working.
I think minorities are not treated fairly and we get tired of it, so we complain. The majority (White people) get tired of hearing it and they don't care because it doesn't affect them.
I’ve tried to open an account at several black owned banks and was denied an account and I had all the right credentials. Walked down the street to a white bank and they immediately opened my account. Where are you black bank that will open my account.
Same thing happened to me during the pandemic they (SBA) were giving out millions of dollars in grants and loans to people who didn't even need it but when it came to my little black business which I was already in business doing well paying taxes I was supposed to get a $10,000 Grant that's not repayable which they gave me $1,000 also I was supposed to be approved for a loan up to $200,000 based on my 725 + credit score in the end I was approved for $5,900 I did not accept it once I looked at the fine print stipulations it was it was a screw job
Shy from Philly 🌺 Hello Phil and my diaspora family❣️#1. Systemic racism is all over so we have to educate ourselves economically the best we can or we will always be sabotaged‼️ Reparations is owed to us and we also have to repair our Black souls❣️
They also discriminate by zip codes, wherein Black communities are routinely given a lower score; also with Experian being sued for keeping old negative credit on your credit report, probably against us.
ADD THAT TO THE REPARATIONS LIST WITH THE OTHERS. But seriously tho we need some black lawyers who can look into that along with the reparation task team to INVESTIGATE 🔎 After that it's a game of monopoly and chess baby. 😎
Imagine the board is a lot bigger and rather than rolling dice the number is fixed. Now for each property there must be seven games of chess, whether or not You win four, nobody is passing go and nobody is collecting $200 in our lifetime. Boardwalk and Park Place will bankrupt You every time. There is a way where there is a will but it is not cut and dry. My analogy fails to examine the pitfalls and traps between the start line and lap one.
There were black lawmakers in the past that did address this issue with laws and the banks and mortgage companies just went further underground with their discrimination. Only one answer to this build support your own institutions both here and in Africa.
Phil I'm use to it, makes most of us stronger! If the shoe was on the other foot, it would've thrown in the towel a long time ago! One of the things it hates about us but admires, we refuse to lay down!
I am not surprised at all. Glad to hear a WM admit the truth of racism in the financial world. As a veteran with several $ in the bank and having paid for my student loan early with the same bank, I asked for a 1k loan. This is a bank where I was a customer since before reaching the age of majority and yet they denied me the loan. What?!? Needless to say I closed my account with that bank. Also that bank is no longer in business. !
Where are the black banks? They are here but some of them have harsher credit criteria. I applied with Citizen Trust in Atlanta denied due to TWO levels of underwriting for a credit card and it was not because of a credit score. They are not structured to help the black community.
@@patriciahercules6852 not only that, they would never want us to be on their level economically. We just have to worry about ourselves and play the game like they do to be more economically independent.
Once our people wake up and stop investing and being the footstool for these folks..it's over..they continue this because they feel that we just Pray About It. Caribbean brotha told me we can't just pull away from these folks because we will have nothing 🤦🏾♂️
He snitched as far as he could, without loosing everything. When you work for large companies, you sign non-disclosure agreements, stating that you will not speak about business practices. Sometimes, violation can result in losing benefits. Most Black people already are aware of this behavior, but hearing it from a caucasian is like a criminals confession.
@@room920renalforlife What he’s saying his employer was doing is illegal in the United States. Firing him for reporting illegal activity on their behalf would be grounds for a wrongful termination lawsuit.
Some Black banks are just as bad as the mainstream banks. I used to bank with Carver Bank here in NYC backline 2015. I has read that Carver Bank had taken a loan from one of the major banks in order to stay solvent a couple of years prior. Well when I started banking with Carver Bank, I noticed that the customer service was terrible. The fees were ridiculous. Even when I had no activity on my account bc I was planning to close out my account, they still charged me monthly fees bc I didn't get down to the bank to close out my account in person. They wanted $80 in accumulated monthly fees even though my account was never overdrawn and I stopped my direct deposit. There is a cost for Black banks to take loans from bigger banks to stay afloat and the account holders have to pay that cost. Trying to support Black businesses can sometimes be a double edged sword.
Industrial Bank in MD is black owned, lousy customer service. We were not receiving statements at month end, complained and they were sending to wrong address then wanted to charge for copies, this went on for over a year…tried to get access to online account, they would provide a temp password that never worked, kept trying and finally moved the business account to another bank, best decision ever! We have got to do better!
Sounds like you did not read the terms on the account. Im reading the comments on this channel and a lot of yall blaming racism on your own lack of forethought. Toxic azz comment section 🤦🏾♂️ What the hell you think monthly maintenance fees is?
@@shayiap_2261 Pretending to be black? Yo yall really lost. Im convinced every stereotype put on us is from American blacks especially southerners. Yall DIFFERENT as phuck. My skin does not equate to struggle, read the terms on your accounts!
Right I'm hesitant about opening a Bank account with a Black Bank because I don't know if their on the up, and up as far as a home loan, It's just as hard to get a VA home loan to the point of what's the point of a Veteran Home Loan if you have all the same barriers as you do for a normal Home Loan. Being a Honorable Discharged Veteran mean nothing if you're a Black man in America.
I had received a home loan with no problem. It was years ago but I didn't have any problem getting certified and approved. Maybe you have some underlining things going on with your financial situation.
I knew a Latino who worked in a bank and he said they taught him how to identify a person's race by their social security number. It was about the year 2010. He said he quit that bank because of so many dirty tactics.
So in the hood if someone came to you and said "hey, some people are plotting on you, i know exactly who they are but I can't say no names." Would you trust that person?
Slavery never went anywhere. It just became the credit, banking and prison system.
Don't forget housing and healthcare!! Health insurance companies FUND the prisons. That's why they penal eyes u for NOT having it!
And education
And employment sector
@@candyxoxo19 True, just the extensions of the banking and credit system. Thats where you go to document your credit/banking hours on the plantation. If you refuse to join the legal plantation, you get rounded up for the hardcore plantation known as prison and work for even less or free.
Tell it like it is
He didn't have to specify a particular bank, because they're all guilty!
👏
Exactly, it’s funny some people are asking for names 😂
@@petlovers1780 as though it matters what bank. This is common practice with every Bank.
@@PBLKW exactly.
Wells Fargo, Chase Bank, Bank of America...they all do this.
The only missing ingredient is people getting off their lazy behinds and forcing the politicians to hold these banks accountable.
How many times are we gonna have this conversation before that actually happens?
Absolutely it's UNIVERSAL and across the board from banking to justice to healthcare to the military, you name it. This is something that is SYSTEMIC and he's making it seem like it was just the bank that he was working at. It's in the FABRIC OF THE FLAG and the people.
This is so true. A wyte friend of the family worked for a mortgage company and was trying to get me a mortgage in Pa. I had a credit score of 720 and her boss tried to give me a interest rate of 9%. She was pissed. I think she left the company. I went to Citizen Bank and they gave me an interest rate of 3%.
Citizens Trust Bank or Citizens Bank? That's 2 different banks
@@abthadonbeatz It's Citizens Bank. That was 10 years ago.
@@lb6823 oh ok... I was checking to see if you meant the black owned Citizens Trust Bank
@@aquariusguard Interracial dating??? My cousin is a realtor and we had a business agreement for a mortgage. Get your dirty mind out the gutter!!!!
I understand that but the whistleblower is white and if he said it then we naturally going to respond now we panicking
Years ago I applied for a loan with the bank that I had an account of twenty thousand dollars in a savings account. Also my credit score was in the 700 range. I only wanted to borrow fifteen thousand to buy a home. Nevertheless, the bank somehow came up with a closing cost that about 1200.00. The clerk handling the loan tried to inflate the closing cost. I closed the account, took my savings and walked out and never returned.
Should have used.
@ ava gd good for you
What I don't understand, and will never understand about our people, is that we continually uncover ways and means that others discriminate against us but WE KEEP DOING BUSINESS WITH THEM
Exactly. We are still trying to prove ourselves. Trying to get equal treatment but to them you will forever be treated as less than so do well for yourself.
FACTS
@@livelife5309 Yup. We need to build our communities up no matter the cost or effort. A few generations of suffering for centuries of glory!
I think they're 4 black owned banks or bank like bus ie: credit unions..that's crazy...the rules & courts keeps us out for one reason or another..as they are the approves of such endeavors. Lots of red tape & not enough connections.
Listen at this point it's PLENTY of black owned businesses, banks, grocery stores YOU ALL HAVE TO GET UP and do YOUR part and just go support stop talking and start walking
It's so sad that THOSE PEOPLE still do the most evil things.
Unfortunately this is our plight. There is no end to this until it’s ended by the Almighty. All the more reasons bros and sisters need to be coming together, working together. There is power in unity.
But yet all we see is them advertising interracial/dating/marriages on these commercials as if all of us are so in love.
@@alwaysblack2436 Peace, that is because so many black folks are not properly educated into knowledge of self and the WSS knows that the tv/media is how many choose to operate. They know that many reky on WHAT TV TELLS THEM TO DO. Simon SAYS for real.
THOSE PEOPLE - largely consist of white people, but it does include Hispanic and asains as well. I’m just gonna put that out there in case anyone wondered who those people were. You’re welcome.
Sad???? No it's evil and wrong. Sad is diminishing the seriousness of it.
This is not uncommon, my father wanted to open a vintage toy store and went through the same thing. Opening a business as a black person in America is truly a case study.
Affirmative Action..........WHO does that benefit??
Go back to Africa and see the REALITY......😉😉
Women & same sex couples
Trust me. Many western companies hire black people because of "diversity quota". They see "black employees" are good "decoration" in PR.
Wyte women, you know the same ones who assist YOU in your oppressive
Wyte supremacist power structure.😒
I'm not surprised at all. Tell us something we don't know already.
Exactly !!!! Go see ,Eddie Murphy, SNL skit , what it's like to be a White person !!!! ........
Facts!!!
He's just reminding you, some of our people forget quickly, and think things are as they should be.
@@DieselPurge I don't need nobody reminding me of nothing I already know
@@jalisabradford6201 Same but especially the top 20% of African Americans forget very quickly.
Credit is not only used in the banking industry to deny upward mobility. Credit is also used in the job market. A couple of weeks ago I was offered a job with the federal government and I passed everything portion of my background however my credit history was under review by a compliance officer. I only had 1 outstanding loan. The compliance officer denied me a position to work in the federal government because of one loan that was not paid off yet. She was so happy to tell me that she is denying my employment because of that loan on my credit report!!!
I believe it. I'm a black woman with excellent credit and a great job, banked with WF for almost 20 years. When it was time to buy a house, WF offered me a minimal amount and with a ridiculous percentage. Went through a mortgage loan company, approved me over double what WF was offering and with a very low percentage rate. Went into WF to get the check for closing, then here comes the banker seeing I bought a home trying to give me a loan. I was like sir, this is a done deal already.
Kevin Samuels would say that as a BM in America you have to work 3-times as hard for half the credit. I have witnessed this in my career I have done well, however, I watched WM and WW who were my equal or lesser get promotions and raises above me. I'm currently on my way to Financial Independence so I won't be dependent upon them for a job, a loan, or anything else.
This is MIGHTY!!!!!🤜🤛
As a black women you
Do too. You think they happy we are educated, own our own home. I know black women who still will not drive their nice vehicles to work due to snarky remarks. It ain’t no easier for us.
Bm+bw= awesome sauce 😎
@@chillivybz5418 Unapologetically masculine BM+Unapologetically feminine BW=Awesome sauce
Peace That is an old saying about us as a people working 2 to 3 times as hard. I learned that in elementary school many moons ago.
Reparations for FBAs must be paid.
I think many Blacks in the U.S. would accept if they just stopped getting screwed over.
The title of this video is very true. The bank that I have accounts with are constantly calling me to offer their products (loans). I once went in to see what they could do for me. My credit score is 800 plus, the mortgage that they financed has been paid in full, and I have 0% credit usage. The loan that I applied for came in at an 8% interest rate for a $20k loan to buy a used car. Needless to say, I turned it down. It’s just flat out predatory lending. And the banks in our communities use black people to offer these ridiculous loans as the white under writers try to stick it to us.
"The banks use black people to offer us these loans." They always use our people to screw us over, which says a lot about our people.
Im not really educated when it come to banks and so I don't understand how it's "flat out predatory." Could you please elaborate and thanks 💛
Love Phil ❤️👊🏾✊🏾
Exactly even with a conventional loan at a low rate that same bank will tell you to break up your funding account. folks never do it re-route some of your cash.
@@chillivybz5418 Their products equals fees even when you are a longtime customer with an 800 or higher credit score.
I never trusted them anyway they don't want us to come up.
Thank you so much for this presentation which was forwarded to me by my daughter. 2018, I sought a loan with a bank where I'd banked since 1988. I had three HELOC loans since 2005 and repaid all. Had a 760+ credit score and received 3/4 auto loans. I was pre-qualified April through July and spoke with the representative many times prior to the realtor and I finding a new home to purchase. I'd sold my previous home, so had a sizeable down payment. At actual application for the loan, being half the purchase price, the bank rushed out to assess the home at a charge of $400.00. I was denied the loan saying it was unable to verify my income my Section 8 tenant was less than a year, not on my 1040 and my commercial tenant was new. My retirement income to debt ratio was low. I was irate in that the bank seized $400.00 to assess a property, they had no intention of financing and allowed me to believe I could be approved based on the Preapproval four months earlier. It's a suckered game, shame and discriminatory.
If it was me, I would've filed a lawsuit. My brother says, "Eh, don't worry about it." Well, I'm serious. I know if nothing was done, it'll get worse. Make em pay. Wink, wink.
This is on point. I use to work at a bank, he is dead on spot. Mainly why you never see a person of color with those types of positions where they make decisions in favor of person’s of color
Where are the people inside these banks that are reporting these disparities? If you witnessed this discrimination such as this WM why are you not reporting it??? Or did you?
@@bdazzlinwilson3224 Thank you!!!!
Best believe if it's a person of color in there that's all he is!!!of color that's it hand selected if you know what I mean
Black people soecifically.
@@bdazzlinwilson3224 Crickets!
It is not just 1 bank, the industry as a whole does it.
All the same folks. Different logo.
👏👏
I observed the same thing at the bank I worked for. WELLS FARGO.
They did Baltimore DIRTY!
Wells Fargo and Bank of America are well-known for their foul deeds.
I hate Wells Fargo!!!
What happened when they noticed that you noticed?
I never told the bank that I noticed. I did inquire as to why certain houses were not included. The answer was generic. I did however share it among my family, friends, and community.
It’s systemic and institutional racism, we have been screaming this forever 🤬
I initially got approved for a secured business cc at Wells Fargo in 2018 and in 2021 I applied to upgrade to unsecured business cc. They approved for $1,000 and my credit score was 760 with over $690,000 deposits. I was insulted and immediately closed my accounts with them
That was horrible.
A lot of car dealerships will approve a White person for a car, even if they don't have credit. However, Blacks with good credit get rejected.
This be the reason why BP often aren't motivated to do a lot of things. When people can sense they're dealing with a system that's against them, they're less motivated and inspired.
Yeah. And than blacks can be gaslighted to be more “accomplished” yet systematically bottlenecked. It’s ridiculous.
@@jamesvick5920 : That's why the system is like it is, to divide us and it's working.
They’ve instilled fear
@@CC-pu6qn not fear... presumed placement
@@jamesvick5920 hold you’re own without them. Go around them. We have so many black millionaires
we already knew this though. why didn't he reveal the name of the bank so black ppl can avoid that bank? I highly doubt he can get sued for that
Agreed
They always want points for "revealing" things, but it's NEVER displayed via actions. THIS is why I always tell FBAs to indeed watch whom "marches" amongst you. We don't even need any more of these lame confessionals from them at this point. Let the cowardly, lame, soulless Caucasoids move as if we don't even think they're here...They won't do anything but miss our company and come to our platforms to make false accusations of victimhood. The time has arrived to totally dismiss their pitiful existences. You'll never get any form of progressive ACTIONS from the seeds of Satan.
I agree. Sometimes companies can't have clauses to where you can't talk about them after leaving. Usually its 5 years so he could have said something.
There is no specific Bank. Assume its all of them
He's on code. By not revealing the name of the financial institution.
We have always known this because our ancestors suffered greatly🤔and we are still behind because it is still happening.
No, we're worse off now in 2023 then they were in 1923.
Did Your father finally get a loan and did he finally open up the store?
I recall trying to give my business to a Black bank in my neighborhood. I had just been discharged from the US Air Force and wanted to open an account, using my
Lump sum separation check. It was from the US Treasury. I was told I couldn't use it and they wanted a cash deposit to open an account. I took that check and started an account with the Credit Union. That was 35 years ago and I'm still a member. I always keep moving on.
@Thomas Brown, I am making the switch to credit union also.
Truth. Have never had one mortgage go through without a problem - great income, no debt, high credit score - never mattered.
I move in every area of my life with that understanding. If you are black, you’ll just have more obstacles and opposition to your endeavors or to your life in general.
👏👏👏👍💯
Facts
It's harder when you have to deal with white supremacy at work and everyday. It wears you out. Just trying to be successful.
Much agreed! The only benefit of white privilege is that when a black person makes it in this world, he/she can be proud of this incredible accomplishment in spite of white privilege (or lack thereof!). A white person who makes it can't make that same claim! That's why they are in such denial of white privilege. They want to have their cake and eat it too!
The most painful thing is sometimes those obstacles are compounded by some black folks especially in leadership positions as well smh. This is coming from a nurse and nurse educator.
Here is the best excuse to deny black people. They will claim that your credit limit is too high. Even though you pay off your credit lines each month.
Lol
I hate when they do a hard pull on your credit and then deny you the loan
Contact the creditor responsible for the hard inquiry. ...
Explain that you believe there is an error on your credit report and request that they remove the inquiry.
Share accurate details about the incorrect hard inquiry, such as the date of the credit check.
Dec 14, 2022
To get a hard inquiry remove.
That’s the purpose of credit score .it’s a trap ( in case )
@@dbigtime10bt thank you
That’s that bs right there
Dispute it off
Jealousy, and extremely afraid of a level playing field.
He’s not lying I just read a Harvard study this morning about this. Ridiculous that this is still going on.
That's why it's good to hire a black real estate lawyer
Which one, he might be a sambo and think just like the oppressor.
@Kenny Mason good point Kenny. Got that same experience with black car dealers tryna screw me out of a deal harder than his non-black counterparts 😅
@@kennymason3849 facts
Black realtors are even worst
@@kingnick6260they see a Black person they immediately try to scare you
I have been even sabotaged in the Airforce, jobs in Alaska ,overseas job,and out there in Williston, north dakota, and iam finally retired and don't have to deal with that ill treatment anymore.
Thank you.
Enjoy your peace from the evil ones.
Wishing you all great things ....
@@lunarlight3594 You're welcome...
I look forward to my retirement soon.
UNITY! We Must come TOGETHER! We will not be respected until then .
@soulfulecil aren’t y’all going overseas? You don’t need unity if you are a passport bro and y’all don’t need good credit overseas.
100% MY BROTHER.
@@FAMD4SH Sounds like a reply from some with LDS (little dick syndrome) 😆🤣🤣
It doesn't matter what Black people do, there will be no respect. Some people just need to hate someone. Because Black people are the opposite of white people in appearance, and white is good black is bad, they will always have an excuse for their animosity.
We need advertising from our black owned banks for sure.
Spot on with another Phil !!!!! These folks will have perpetual hatred for TMHs Chosen people. Ezekiel 35 : 5-6
They refused to let me refinance and I had an 800 credit score. Most of my white coworkers refinanced easily. My father warned me that they treat us differently. He was right! That’s when I truly accepted that system was rigged against us.
@April_Spring2015 The last time they would not accept my appraisal I had done 7mths before, and sent their own appraiser who low balled me compared to my prior appraisal. They will always come up with a reason to reject you.
That's why we need REPARATIONS.
Exactly
I'm not staying here when I get reparations, going to Africa
That, And Our Own Financial Institutions.
@@crystalsmith4928 right
@@crystalsmith4928Africa even worse
I am exploring which Black banking institution to move from current credit union. We must support our own as other ethnicities have done.
Do we even have that in the USA?
@@4minute60 yes they are here however most are boutique and small. You would have to find one close to where you live and go from there.
This is a fact . And will still try to give you an horrible Interst rate
Facts.
"Oh, but harder work is the key." Smh.
But notice how he didn't give the name of the bank even though he no longer works there. They will protect each other no matter what. He isn't telling us anything that we don't already know. If this had happened to him at a black owned bank you can be sure he would be naming that bank!
River Mountain the bank could sue him start thinking for yourself
@river mountain BINGO 🍷
A basic search online will show you all the Black banks that are left.
Being economically sabotaged can mess up your good work.
Yep It's been happening for my whole life, I'm 63 ,And they say we don't need reparations??
Good point
They need to return this stolen land that'll be enough right there
👏👏👏
We do, they just aren't going to allow us to get them. Think about it. Every other minority group was given compensation, whereas, we weren't. We all know the truth.
AND THATS WHAT I BE TALKING ABOUT AND THEY WANT TO SAY THERE'S NO RACISM BS
100% correct Phil, why tell half the truth and not the WHOLE truth. This man was also part of the problem.
And they just want us to shut up about the things that we are still dealing with… smh
These people are annoying
They don't care because it doesn't affect them.
That's with everything...!!!!! Cars, furniture, homes, credit cards, etc
They also do it through credit carma . I've paid my credit cards on time for two years , and my my credit score is barely pass a 7.
Yeah that is so true it’s like your credit score stay the same no matter what you do to get it up
Credit carma and credit sesame dont count and not accurate.
Here's a tip that helped my credit jump like 20 points: ONLY use 30% of your credit card limit each month and pay that amount off IN FULL every month. Also, keep no more than 4 cards(use the 30% rule for all cards). If you have store cards, get rid b of them. Just use your regular cards that give you rewards or points.
@@bronzedrage that's a really good tip!!
Also, build your kid's credit up by making them authorized users on your account. Don't attach them if your credit is janky....but your 20 years of credit history can be attached to a 12 year old child. Make sure to teach your children the IMPORTANCE of credit if you do so.
He is only releasing this information because he is upset with them
Exactly like he's doing us a favor 😂😂😂😂😂🤦♂️
LMFAO
What difference does it make?
@@IAm-wu2ej Exactly
@@druth5134 None
like Jason Black of TBA says:
*"CUT THE CHECK"*
...pay us our reperations we are owed
They will confess just enough of their sins thinking they've cleared their conscience to get the blood off their hands, but you are correct sir they definitely stay on code.
There is never a level playing field with them. Became that would be unfair!
Phill you should make a list of the banks that are black owned so we can go there
People's united is one of them the CEO is black
Good luck. Show up with same credentials and see what happens.
You can do it and send it to him.
Try Google. Folks always asking someone else to do the work instead of doing it for self.
The list getting smaller
This is why we need to pull out monies out of the west and build Africa 🇯🇲
Only if Black People would realize
That’s the Jamaican flag
Africa is the lapdog of the west dummy.
I'm on it already
No africans are no different
WE SMILE AT ONE ANOTHER BUT WE HAVE BEEN CONDITIONED NOT TO HELP ONE ANOTHER GREED LEADS US NOT LOVE UNCONDITIONALLY WE HAVE BEEN TRAINED THAT WAY NOW NONE OF US HAVE ANYTHING WE DEPEND ON OTHERS FOR EVERYTHING EVEN TO PULL OUR BABIES FROM THEIR MOTHER'S WOMBS
It is about time we have a Black bank instead of complaining and relying on White Bank.
It’s not conditioning. That is an excuse. Many so called blacks are literally this way. They’re evil at heart, and will do you wrong 100% of the time. Either blacks r going to learn this the easy way or the hard way. Work with a prosper with those who vibe the same. The rest will be left behind.
Hence why we need our own banks.
Cold Storage crypto is your own wallet
They tried to do that, they wouldn't let us.
@@shimmer4771 Don't need permission to do cold storage if you bought the hardware. Only thing that would need to be done is withdrawing cash from bank account and buying bitcoin.
@@KENPACHI1K I don't use Bitcoin.
It’s redlining but with finances. They continue to try and keep us from progressing and thriving. That’s why I don’t put down my race on applications on that ask what my race is. Like why is it necessary to know my race if i’m trying to get a home?
They don’t need you to list your race to know your race.
@@KamalasNotLikeUs your SSN is your identity.
I had a high credit score and had automatic deductions set up to pay my credit card to prevent late fees. The bank did a computer upgrade, and they failed to deduct the amount from my account at another bank. They then reported me to the credit bureaus as being delinquent because they didn't deduct the payment. I had not missed a single payment on anything in YEARS. This one mark on my record, that is still in dispute, cost me 199 points on my score. I challenge you to find a white person that they would do that to.
No, do not allow them to get away with it.
They need to correct your account, send letter/text to all three credit bureaus as well as copies to you. This is how I handled the issue years ago, contact head office.
Answer! You won't! They won't do that to Cody!
You relied on a computer to be responsible for your payment history instead of taking 2 minutes out of your day to pay the bill yourself.
its a criime and and a terrible sin how they hate israel , i dont understand the hate, its crazy.
I been telling OUR brotha and sistas this for the longest.
Yep
@OnlyPamela. Sadly, Some of us try to educate the commoners about certain realities about Ameri_k_k_ka. They are (frequently) too immersed into USA consumerism, poliTRICKS, & tomfoolery to comprehend some of these lessons. 🤷🏾♂️
Our people use to own banks and everything else in Tulsa Oklahoma before they burnt it all down.
Yes I had a coworker and she was single. She went to the bank to get a loan and was not qualified. A couple days later she said the bank manager called her home and said they would approve the loan. She then said she had to think about it because she knows she can't pay it back. Meantime, my husband and I both work,and had good credit scores and had to jump through hoops to deal with the bank.
I wonder why?
One woman said when she went to apply for a loan, she said she was Black at one bank. She didn't get approved. She applied at another bank, said she was White and got approved. This system is rigged.
And WP say there is no White privilege gtfoh! Give us our reparations NOW!!
Strong grasp of the obvious going on. He doesn't need to name the bank. My guess is every FDIC insured bank on US soil. Just my humble opinion...carry on.
👏👏👏💯
That's a good point about being on code. I thought "what's the point of saying something if you don't want to disclose the bank?"
Agree
Happens ALL day, EVERYDAY!
Another reason we as blacks should start uniting and working together for our common good. We should also stop falling for the illusion of inclusion. We are rarely included and too many of us believed we are. We aren't. Rule 1. Black anywhere in the world and except for yourself, you have no friends. Rule 2. Do not forget rule 1.
The thing is even we do unite a lot of us African Americans don’t even care for each other unless we’re like related or something. Me being African American myself I really just don’t like to work and I cant stand the idea of working.
@@cameronb3834 : Stfu, we know you're not black.
I think minorities are not treated fairly and we get tired of it, so we complain. The majority (White people) get tired of hearing it and they don't care because it doesn't affect them.
@@shimmer4771 : FACTSSSSSSSS
Another reason for reparations
He didn’t say anything that we didn’t already know. He needed to say the bank, his info was useless without that.
He can be sued and held liable for damages if it is true or not. He did the right move because the judicial system is screwed.
We’re not surprised. It always been this way for us.
I’ve tried to open an account at several black owned banks and was denied an account and I had all the right credentials. Walked down the street to a white bank and they immediately opened my account. Where are you black bank that will open my account.
It was most likely bank of America
That institution or Wells Fargo.
@@jeffreybeecham25 right facts
wells fargo too
@@jeffreybeecham25 yep I deal with it.
Or Wells Fargo.
We need to have our own platform to do everything at this point
💯
Support black owned banks 🤎
Totally agree with you. But to do it, we need more black people in Science and Engineering.
💯 %
Well,The problem is 🙄 software engineer are not celebrate. Usually ppl think your lame for being smart,but doesn't pay to be stupid in this society.
I lived this credit score 758 no debt and still had issues getting loans
I'll be glad when we finally realize this thang is rigged🤨...credit score and wages are an illusion , all vanity
Waste of time.
Wait til they implement the social credit system, they'll find a way to screw us over with that too
Same, 800 credit score, making 80k got offered a 3.0 mortgage loan. My white friend 580 credit score making 39K hit offered 2.5 loan APR
@@biancalord488I have to get my white husband to look at homes alone
This is something that many people in our community already knew.
Same thing happened to me during the pandemic they (SBA) were giving out millions of dollars in grants and loans to people who didn't even need it but when it came to my little black business which I was already in business doing well paying taxes I was supposed to get a $10,000 Grant that's not repayable which they gave me $1,000 also I was supposed to be approved for a loan up to $200,000 based on my 725 + credit score in the end I was approved for $5,900 I did not accept it once I looked at the fine print stipulations it was it was a screw job
Shy from Philly 🌺 Hello Phil and my diaspora family❣️#1. Systemic racism is all over so we have to educate ourselves economically the best we can or we will always be sabotaged‼️ Reparations is owed to us and we also have to repair our Black souls❣️
100% agree!
Yes
They also discriminate by zip codes, wherein Black communities are routinely given a lower score; also with Experian being sued for keeping old negative credit on your credit report, probably against us.
Even in credit union they do the same thing
When ever someone says there is no such thing as white privilege !!!
The last of the Black-owned banks disappeared in the 80's bank closings and Reaganomics recession
ADD THAT TO THE REPARATIONS LIST WITH THE OTHERS. But seriously tho we need some black lawyers who can look into that along with the reparation task team to INVESTIGATE 🔎 After that it's a game of monopoly and chess baby. 😎
Imagine the board is a lot bigger and rather than rolling dice the number is fixed. Now for each property there must be seven games of chess, whether or not You win four, nobody is passing go and nobody is collecting $200 in our lifetime.
Boardwalk and Park Place will bankrupt You every time.
There is a way where there is a will but it is not cut and dry. My analogy fails to examine the pitfalls and traps between the start line and lap one.
There were black lawmakers in the past that did address this issue with laws and the banks and mortgage companies just went further underground with their discrimination. Only one answer to this build support your own institutions both here and in Africa.
They won’t !
FACTS!!!
we have many black things yet we lack unity
Phil I'm use to it, makes most of us stronger! If the shoe was on the other foot, it would've thrown in the towel a long time ago! One of the things it hates about us but admires, we refuse to lay down!
Black owned banks would be too scared to deal with controversial people. Still part of the curses
Thank you Phillip Scott!
I am not surprised at all. Glad to hear a WM admit the truth of racism in the financial world. As a veteran with several $ in the bank and having paid for my student loan early with the same bank, I asked for a 1k loan. This is a bank where I was a customer since before reaching the age of majority and yet they denied me the loan. What?!? Needless to say I closed my account with that bank. Also that bank is no longer in business.
!
Where are the black banks? They are here but some of them have harsher credit criteria. I applied with Citizen Trust in Atlanta denied due to TWO levels of underwriting for a credit card and it was not because of a credit score. They are not structured to help the black community.
I dont even believe they blk owned either. Like anything they put our face on.
The economy ain’t structured to help Black peoples Duh
Not all skin folk is kin folk.
I don't know why we can't see it's just economical warfare against us. I understand their mindset.
They want us to have nothing because they all think we are slaves
@@patriciahercules6852 not only that, they would never want us to be on their level economically. We just have to worry about ourselves and play the game like they do to be more economically independent.
Once our people wake up and stop investing and being the footstool for these folks..it's over..they continue this because they feel that we just Pray About It. Caribbean brotha told me we can't just pull away from these folks because we will have nothing 🤦🏾♂️
Slaves has nothing and built their own communities, before they was torn down.
The black banks r priced out as well. The loans they give r over priced
Thank you Philip Scott
I don't have a bank black 🖤🖤 owned cause I closed out my bank of America accounts I was
experiencing discrimination every time I went their 🖤💯
I wish he had spoken up beforehand instead of waiting for so many hard working people to be deprived of their due equality.
He probably would’ve lost his job if he did that.
He snitched as far as he could, without loosing everything. When you work for large companies, you sign non-disclosure agreements, stating that you will not speak about business practices. Sometimes, violation can result in losing benefits. Most Black people already are aware of this behavior, but hearing it from a caucasian is like a criminals confession.
Bull, he could have done it anonymously. Sounds like a disgruntled employee. Look at that jealous smirk on his face. I am not impressed.
@@room920renalforlife What he’s saying his employer was doing is illegal in the United States. Firing him for reporting illegal activity on their behalf would be grounds for a wrongful termination lawsuit.
He looks young 😂 probably Like 20 🤣
Some Black banks are just as bad as the mainstream banks. I used to bank with Carver Bank here in NYC backline 2015. I has read that Carver Bank had taken a loan from one of the major banks in order to stay solvent a couple of years prior. Well when I started banking with Carver Bank, I noticed that the customer service was terrible. The fees were ridiculous. Even when I had no activity on my account bc I was planning to close out my account, they still charged me monthly fees bc I didn't get down to the bank to close out my account in person. They wanted $80 in accumulated monthly fees even though my account was never overdrawn and I stopped my direct deposit. There is a cost for Black banks to take loans from bigger banks to stay afloat and the account holders have to pay that cost. Trying to support Black businesses can sometimes be a double edged sword.
Agreed , white banks are Conglomerates
Industrial Bank in MD is black owned, lousy customer service. We were not receiving statements at month end, complained and they were sending to wrong address then wanted to charge for copies, this went on for over a year…tried to get access to online account, they would provide a temp password that never worked, kept trying and finally moved the business account to another bank, best decision ever! We have got to do better!
Sounds like you did not read the terms on the account. Im reading the comments on this channel and a lot of yall blaming racism on your own lack of forethought. Toxic azz comment section 🤦🏾♂️
What the hell you think monthly maintenance fees is?
@@thegreat9481 Stop pretending to be black on social media . You’re embarrassing yourself
@@shayiap_2261 Pretending to be black? Yo yall really lost. Im convinced every stereotype put on us is from American blacks especially southerners. Yall DIFFERENT as phuck. My skin does not equate to struggle, read the terms on your accounts!
You made some great points! Thank you, Phill!
Very truth my homeowner hazard insurance went up I never claimed any weather damages for my home 🏡
No surprised 🤦♂️
Right I'm hesitant about opening a Bank account with a Black Bank because I don't know if their on the up, and up as far as a home loan, It's just as hard to get a VA home loan to the point of what's the point of a Veteran Home Loan if you have all the same barriers as you do for a normal Home Loan. Being a Honorable Discharged Veteran mean nothing if you're a Black man in America.
I had received a home loan with no problem. It was years ago but I didn't have any problem getting certified and approved. Maybe you have some underlining things going on with your financial situation.
I knew a Latino who worked in a bank and he said they taught him how to identify a person's race by their social security number. It was about the year 2010. He said he quit that bank because of so many dirty tactics.
Well how do you do that? With lexis Nexis and all those databases they can tell what race you are.
This is absolutely true...read the book called The Color Of Law by R.Rothstein.
Exactly they red line us
That's why we need to incorporate. Don't use your social for anything.
So in the hood if someone came to you and said "hey, some people are plotting on you, i know exactly who they are but I can't say no names." Would you trust that person?