My wife bought a used car and was told by the salesman after negotiating the price that she would have to pay an additional $2000 due to her marginal credit. Is this legal?
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Prices and credit terms are based on an agreement. In many cases there are some restriction imposed by state governments, such as on interest rates.
As long as the $2,000 isn't added as a cost because of a dicriminatory act based on a prohibited basis, we don't see an issue. The prohibited bases are things like age, race, sex, etc. Increasing the cost because there is higher risk of nonpayment is what credit ratings are all about.
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Prices and credit terms are based on an agreement. In many cases there are some restriction imposed by state governments, such as on interest rates.
