Businessman Wants Renters to Reap What They Sow

Monday, August 7, 2017 || By Michael Romain || @maywoodnews 

According to a December 2016 study produced by the Consumer Financial Protection Bureau (CFPB), an estimated 26 million people in the U.S. don’t have credit histories with any of the three national credit reporting companies. Less than three months ago, Leonard Dew, 46, was among them.

“I had never in my life used credit,” said Dew, an auto mechanic who owns a body shop in Chicago. “When I was younger, I had child support to pay and once they run your credit and see you got child support nobody wants anything to do with you. So I always paid cash — for everything.”

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Op-Ed: Honor Veterans By Urging Congress to Reign in Payday Lenders

A business offering short-term loans near Fort Bliss in El Paso, Tex. Interest rates on such loans can reach as much as 80 percent.Credit Ivan Pierre Aguirre for The New York Times. Caption by The New York Times. Tuesday, November 11, 2014 || By WOODSTOCK INSTITUTE  Military deserves protection from loan sharks before, after serving their country CHICAGO— As our nation marks this day in honor … Continue reading Op-Ed: Honor Veterans By Urging Congress to Reign in Payday Lenders