Democratic Primaries

The Mouth

(3,414 posts)

14. "Payday" lenders loan sharks

Tue Jul 9, 2019, 05:43 PM

Jul 2019

There are ways to establish credit, though, such as certain cards with initial low limits that are raised as you pay regularly.

If I were to vote in a presidential
primary today, I would vote for: Undecided

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Kamala Harris: Credit scores should include rent, cell phones and utilities [View all] bluewater Jul 2019 OP

The article explains others already introduced similar legislation in both House and Senate: highplainsdem Jul 2019 #1

what is your point? qazplm135 Jul 2019 #2

Not sure - but it only had 6 cosponsors and Manchin, Testor and Doug Jones were the only Democrats StarfishSaver Jul 2019 #3

Other Dems Probably Didn't Want to Be Tagged for "Working Across the Aisle". Indykatie Jul 2019 #9

I don't think that's what it is StarfishSaver Jul 2019 #10

That's a strong accusation. Will you please do your research before you tar Politicub Jul 2019 #33

Harris's proposal would require the reporting. The bill you cite, it would be allowed. Kaleva Jul 2019 #7

That sounds like a better bill. ucrdem Jul 2019 #21

How do you figure it requiring them to do it will give them an excuse to lower credit scores? StarfishSaver Jul 2019 #36

all bills on a subject are not the same. Republicans have a heathcare plan too. TeamPooka Jul 2019 #35

I know people LATE on all those Watchfoxheadexplodes Jul 2019 #4

People Who Have Poor or No Credit Will Probably Also Have Bad Payment Records W/Utilities Etc. Indykatie Jul 2019 #6

Bad payment history isn't the only reason low income people have low credit scores StarfishSaver Jul 2019 #11

"Payday" lenders loan sharks The Mouth Jul 2019 #14

That's very hard for people to navigate and to figure out the sharks from the good companies StarfishSaver Jul 2019 #19

No argument The Mouth Jul 2019 #28

This would be a good read for you. Kaleva Jul 2019 #15

How to build and keep credit The Mouth Jul 2019 #18

There are many subjects that ought to be taught in our schools. Kaleva Jul 2019 #20

A lot are beginners. Igel Jul 2019 #54

Fortunately, you knew what to do. Many people don't StarfishSaver Jul 2019 #58

It helps because it allows people to begin building a credit profile StarfishSaver Jul 2019 #8

From the article: Kaleva Jul 2019 #12

To many of these people aren't just "credit invisible" - they're just invisible StarfishSaver Jul 2019 #22

I'm not much above the poverty level and I pay my bills on time each and every month. Kaleva Jul 2019 #24

Exactly StarfishSaver Jul 2019 #25

My understanding is that The Mouth Jul 2019 #29

The problem is not nust that their length of history or type of credit lowers their score StarfishSaver Jul 2019 #31

Would people 'barely getting by' The Mouth Jul 2019 #13

This is for people who are credit invisible or have unscorable files Kaleva Jul 2019 #16

yeah The Mouth Jul 2019 #17

Seriously. ucrdem Jul 2019 #23

Yes they would Green Line Jul 2019 #26

She doesn't have much by way of accomplishments to run on. ucrdem Jul 2019 #27

No. StarfishSaver Jul 2019 #34

How could this get us into another housing mess? disenfranchised Jul 2019 #57

No, actually not StarfishSaver Jul 2019 #32

I don't undestand the rationale either! How is this helping poor people? 5starlib Jul 2019 #42

It helps some, it hurts some. Igel Jul 2019 #55

I don't see how you can legislate to make a business, the reporting agency, consider someone... Hassin Bin Sober Jul 2019 #46

I like this idea mcar Jul 2019 #5

When I do credit checks things like not paying rent or cell phone bills show up already. aikoaiko Jul 2019 #30

No, they don't. SouthernProgressive Jul 2019 #50

You're right, it's when accounts are reported delinquent aikoaiko Jul 2019 #51

+1 NT SouthernProgressive Jul 2019 #52

That seems like that would hurt more than help. W_HAMILTON Jul 2019 #37

The proposal deals those who are credit invisible or have unscorable files Kaleva Jul 2019 #38

Well deal with those people then! Her proposal will hurt people as well... 5starlib Jul 2019 #43

And how does it hurt people? Kaleva Jul 2019 #47

That's not true StarfishSaver Jul 2019 #39

Lower income people often CAN'T pay on time Indygram Jul 2019 #45

I get $1192 a month SSDI and I pay my bills on time every month. Kaleva Jul 2019 #48

Good for you...my rent is more than your monthly income even before utilities Indygram Jul 2019 #49

Low income single parents can get quite a bit of financial help Kaleva Jul 2019 #53

Oh my God.... Indygram Jul 2019 #59

You can see by my budget that I don't own a car. Do you? Kaleva Jul 2019 #60

My efforts at frugal living Mon Aug 27, 2012, 09:08 AM Kaleva Jul 2019 #62

It wasn't until I bought a home that my credit score took off. ecstatic Jul 2019 #40

When I went for my first mortgage, Igel Jul 2019 #56

How will this help low income people? I don't understand... 5starlib Jul 2019 #41

It's already optional to add that but I HATE this idea Indygram Jul 2019 #44

Seems like a great way to help black families into a first house. Aaron Pereira Jul 2019 #61