This article too tries to paint a racist angle as it is The Guardian, but if blacks did not have loans then why would they have had issues paying off loans prior to 2008? They had loans and I would argue loans that probably should not have been made all too often.

If you are bad with money your credit rating is bad and if you are good then it is good. I suspect that because blacks have more poverty partly due to broken families being 74% of all families then it is inevitable that life is harder. Credit is a nasty temptation, but it is there. The US is flooded with it. Better to be denied in some ways!

https://www.theguardian.com/commenti...cist-heres-why