Buying Green: Bad for Your Credit?

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Till today, I couldn’t find too many reasons not to shop at the Salvation Army: Thrift-stores are cheaper, better for the planet, and usually more interesting than the mall. But turns out my fondness for weird old mugs could land me in financial hot water. Treehugger has a great little post today about green consumer habits that some credit companies consider “red flags:”

Credit companies take note, for instance, if you charge services like tire retreading and shoe repair to your card. Or if you’re shopping at thrift stores like the Salvation Army.

The message: Buying used things and repairing broken ones instead of buying new means you’re struggling financially, and can’t be trusted to pay back a loan. That’s awfully backwards. Little do the credit companies know how much poorer I’d be if I didn’t shop at the Salvation Army.

For other credit company red flags, check out this Concord Monitor piece.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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