Buying Green: Bad for Your Credit?

Image by flickr user studiosmith.

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


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.

Dear Reader,

This feels like the most important fundraising drive since I've been CEO of Mother Jones, with staggeringly high stakes and so much uncertainty. In "News Is Just Like Waste Management," I try to unpack the reality we all face and how we can rise to the challenge. If you're able to, this is a critical moment to support Mother Jones’ nonprofit journalism: We need to raise $400,000 to help cover the vital reporting projects we have planned, and right now is no time to pull back.

Monika Bauerlein, CEO, Mother Jones

Dear Reader,

This feels like the most important fundraising drive since I've been CEO of Mother Jones, with staggeringly high stakes and so much uncertainty. In "News Is Just Like Waste Management," I try to unpack the reality we all face and how we can rise to the challenge. If you're able to, this is a critical moment to support Mother Jones’ nonprofit journalism: We need to raise $400,000 to help cover the vital reporting projects we have planned, and right now is no time to pull back.

Monika Bauerlein, CEO, Mother Jones

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate