By: Diane Benjamin
This article will explain why Chemberly should not be in any elected office deciding how to spend taxpayer money.
Lots of people find themselves in difficult spots, what matters is digging yourself out. The only way to do that is cut-cut-cut expenses and/or increase income. Cummings chose the worst possible approach, she borrowed money. Borrowing isn’t always bad, but what Chemberly signed means she knows how to make bad decisions. It’s hard to claim she was a victim of a predatory loan when she did it to herself. She can’t claim the interest rate was illegal because a judge ruled against her.
According to this article, Cummings was 34 when she was elected to the Normal Town Council in April of 2017: Illinois First Black Woman – Mayor
She was working at State Farm. Was her credit too bad to get a loan at State Farm Bank? At 34 years old she couldn’t put $3,300 on a credit card in an emergency?
6 months after being elected she did this instead:
That isn’t a typo – the Interest Rate is 97.74%. It is roughly a one year loan that would have cost her an additional $2,008.40. It was a completely irresponsible act that only made her financial situation worse. (She needs learn from Dave Ramsey! Dave Ramsey website )
She did make some payments before being sued. Below is what the court ordered her to pay a few months ago through wage garnishing, keep in mind all these documents are public record:
The Town of Normal claims only 6% of the budget goes to paying debt. That is because they aren’t paying off much debt. They have 5 bonds with no payments for over a decade from now, they are only paying interest: https://blnnews.com/2019/09/05/like-uptown-you-will-love-the-debt/
They final price tag will be ridiculously high, just like Chemberly’s loan. Both can only be called irresponsible.
Send her to Springfield? She would fit right in, they can’t balance a budget either.
Voters need to do better.