Is it legal for a creditor to deny an applicant credit based on marital status or age?

Question

Markus Weiss

Social Studies

30 March, 04:28

Is it legal for a creditor to deny an applicant credit based on marital status or age?

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Answers (1)

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Zachary · Answer 1

I believe the answer is: NO, it is not

In 1974, the government passed The Equal Credit Opportunity Act to provide united states citizens with a more fair credit system.

Because of this act, it is illegal to not granting a credit based on race, color, religion, national origin, sex, marital status, or age.