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.”