Credit Union rejects those with high net worth and good credit rating

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blackangst1

blackangst1

Lifer
Feb 23, 2005
22,902
2,359
126
Looks like the race for the bottom is causing some banks to reject those with money or those who can manage their credit.

Destinations, a state-chartered credit union, has served a "very credit-challenged field of members,"

Destinations aired its first cable television ad, in the Parkville area, a few months ago, Vittek said.

Although business has been difficult in recent years, credit unions have worked to keep fees low.

Destinations, a state-chartered credit union, has served a "very credit-challenged field of members," Vittek said.

Join the Friends of the Red Cross and you become eligible to be a member of the Credit Union! To become a member of the Friends of the Red Cross, print the application and fill it out, bring it to the Credit Union, or mail it with your Credit Union application.
Click to expand...


I can think at least one ATP&L poster this may benefit. Just trying to help those who are tired of banks who only cater to the man!

1.Title is so misleading as to not even apply.
2. Article referenced is a month old and much of the information in it is no longer valid.
3. Callout.
Admin allisolm
 
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CPA

CPA

Elite Member
Nov 19, 2001
30,322
4
0
And I wonder where that credit union will go once those "credit-challenged" start defaulting at their usual rates?
 
soundforbjt

soundforbjt

Lifer
Feb 15, 2002
17,788
6,041
136
Credit Union rejects those with high net worth and good credit rating

Where is this in the link? Or is that your opinion?
 
D

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Credit Union rejects those with high net worth and good credit rating


I don't see anywhere in the article about the Credit union "rejecting those with high net worth and good credit rating"

That sounds like an infarction to me.
 
Macamus Prime

Macamus Prime

Diamond Member
Feb 24, 2011
3,108
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0
CPA said:
And I wonder where that credit union will go once those "credit-challenged" start defaulting at their usual rates?
Click to expand...

And by "credit-challenged" they mean those who buy cellphones, tattoos and are on drugs - amirite!?!?!

Yeah baby!! I SO fucking called it!! WOOOOOO!!!!
 
J

JeffreyLebowski

Lifer
Aug 23, 2000
15,509
1
81
Of course they are going to advertise to the lower credit score people. Because they can charge them higher rates on loans.
 
JSt0rm

JSt0rm

Lifer
Sep 5, 2000
27,399
3,948
126
Londo_Jowo said:
Quoted for all to enjoy should you try to delete your tantrum. :D
Click to expand...

If you knew anything at all you would realize that's how I talk to dumb fucks like you.

Don't you have a plot of indonesian mud to get to?

Good luck paying your expat taxes and missing out on all your ss.
 
J

Jdmathew

Junior Member
Dec 19, 2010
22
0
0
Predatory lending in all it's filthiness. Just go try and buy a car with $10,000 cash and you'll see what I'm talking about. You'll get "re-directed" by most used car lots. People forget that Finacial "Services" are often just offers of enslavement. "PLEEAASE borrow from me now so you can owe me more later. Just sign here." My dream is to someday return to how I was financially as a child, with a credit score of 0. "Credit scores are for poor people" -Dave Ramsey

As we as a nation continue to oppress and enslave the poor, we are gaining for ourselves a curse.
 
Thump553

Thump553

Lifer
Jun 2, 2000
12,839
2,625
136
Historically credit unions always did trend towards the lower end of the credit scale. I ditched them a long time ago when I realized my commercial bank was lower on all normal interest rates (mortgage, car) and higher on savings interest (pretty irrelevant these days).

Good place for someone starting out though.
 
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