Re: Fw: Credit Repair
H. C. Covington (ach1@sprynet.com)
Tue, 6 Jan 1998 20:26:21 -0600
Dear Donald:
I did NOT write or start this thread. I did however forward it to HPN to
allow more of us to offer ideas to a person from another ListServ to gain
experience from those of us on HPN that have +ACI-been there and done that
ourselves. I am not sure Maryalice will understand your reply, but thanks
for trying to help her.
Sonny
-----Original Message-----
From: Donald Bokor +ADw-boko7751+AEA-uidaho.edu+AD4-
Date: Tuesday, January 06, 1998 5:39 PM
Subject: Re: Fw: Credit Repair
Dear Maryalice,
You may not like some of these ideas but here's my two cents worth.
On Tue, 6 Jan 1998, H. C. Covington wrote:
+AD4-
+AD4- -----Original Message-----
+AD4- From: Maryalice +ADw-majinc+AEA-primenet.com+AD4-
+AD4- To: ach1+AEA-sprynet.com +ADw-ach1+AEA-sprynet.com+AD4-
+AD4- Date: Tuesday, January 06, 1998 10:21 AM
+AD4- Subject: Credit Repair
+AD4-
+AD4-
+AD4- Dear Group+ADs-
+AD4-
+AD4- I have been a member of this listserv for almost a year and I have
quietly
+AD4- read many of the messages posted here in hopes of finding help in helping
+AD4- the indigent and moderate poor in my community. Many issues have been
+AD4- discussed that helped me. I am the Director of a Family Resource Center
+AD4- (10
+AD4- years)....My question or help in seeking direction: Our community is
+AD4- finally
+AD4- starting to build new housing...houses are being built daily for the
+AD4- low-income, moderate, and the rest of the population. I am getting very
+AD4- frustrated adults in my center that have the income for the new housing
+AD4- but,
+AD4- their credit is in such disarray that they do not qualify for the
+AD4- homes...are there programs, stategies, or help for these people that is
+AD4- valid? where do I go to find assistance? Does anyone know of any
websites
+AD4- that deal in credit repair? Are there really programs that can help or
are
+AD4- they all bogus attempts at taking money from the down and out?
+AD4- Thanks,
+AD4- Maryalice Jordan, MAED
+AD4- Director, Eloy Family Resource Center
+AD4- Eloy, Arizona
Maybe your family resource center should get involved with family
budgeting and financial planning. If you had volunteer staff that would
teach and prepare budgets for families then your center would directly
help the needy to clear their credit histories. I do know that it is
probable that in or near your community their are credit counseling
services available to the public. You could talk to them about how their
counseling works and if they would help you develop a counseling program
for the poor. I can't speak informatively about the net and what
resources are available, but I do have some other ideas to add to this
soup.
These are probably the ones you won't like. One way to get financial help
for the needy is to sart a bank for the poor which will be designed to
gain the advantages of using large sums of money by aggregating each of
the individual's small sums, and do it so that all profit goes back to the
individual contributors. Such a bank could then offer loans to members
regardless of credit history.
In order to clean up credit histories people need to reduce their expenses
to less than their incomes. Food and shelter are two expenses which an
organization can help the poor with. Food cooperatives can give the needy
a means to get food at wholesale costs because the profits that would
otherwise be made by grocery stores would be turned instead into less
expensive food for the members. Co-housing and collective housing
projects are a means to reduce the cost of shelter to the poor because the
profits that would go to a landlord or to a lending agency are
instead turned into less expensive housing for members.
+AD4- Are there really programs that can help or are
+AD4- they all bogus attempts at taking money from the down and out?
They are all bogus attempts. In fact, the whole idea of credit is a bogus
attempt to take from the future what one hasn't earned today. So my real
suggestion is to encourage all families to ignore their credit histories.
Actually this seems irresponsible given the way we were raised, but in
reality it is also a viable and effective form of civil disobedience. For
example, I owe +ACQ-50,000 for student loans. I refuse to pay back these
loans because the same people who gave them to me also prevent me from
getting a job in my field (or any other for that matter) because I smoke
pot. It doesn't matter what the reason whether I'm a +ACI-commie+ACI- or a +ACI-fag+ACI-
or a +ACI-nigger+ACI- or a +ACI-wetback+ACI- or whatever. The issue is that I, and
others, are being oppressed by our government and the institutions of our
society, and that my paying back these loans will allow these
organizations to further oppress me and others. So I opt out. No, I
can't get loans to build or buy a house, but I can still organize with
others like me so that we can all share a common property and thus provide
ourselves with shelter even though we don't individually have the money
necessary to complete such a project. This is the essence of civil
disobedience, and the first step to gaining real financial independence
instead of greater financial dependency (which is what I perceive you to
be offering).