Why newly elected congressman Maxwell Frost has to ‘sofa surf’ — even with a $174,000 wage

By Weston Blasi

Frost, who hasn’t obtained a paycheck but, says he is tried to hire a number of residences in Washington, D.C., however has been turned down over weak credit

That was Maxwell Frost, who is about to develop into the primary member of Era Z to serve in Congress, discussing his lack of ability to hire an house in Washington, D.C.

Frost, 25, mentioned he had been turned down for a number of residences on account of his poor credit score, which he mentioned is a results of having accrued debt whereas working for the seat in Florida’s tenth Congressional District.

“It is not low-cost,” Frost mentioned in an interview on ABC’s “This Week” on Jan. 1. “I am coping with it proper now, getting denied from residences, making an attempt to determine the place to stay as a result of I’ve weak credit. I am in all probability simply going to should, like, sofa surf for a little bit bit.”

The present annual wage for a member of Congress is $174,000, based on the U.S. Home of Representatives Press Gallery.

In response to a disparaging tweet from the Republican Nationwide Committee Analysis Twitter account, Frost, a Democrat, famous that he hasn’t obtained a paycheck but.

(Reps. Collin Allred of Texas and Brian Fitzpatrick of Pennsylvania, a Democrat and Republican respectively, conceded in Wednesday interviews with MSNBC that they did not know whether or not they have been being paid for his or her work this week, having not but been sworn in owing to the drama surrounding the election of a Home speaker.)

Frost’s marketing campaign supervisor reportedly advised Axios that Frost had knowledgeable a leasing agent for the house constructing during which he needed to hire that he had been elected to serve within the incoming Congress and nonetheless had his software denied. Frost has beforehand said that he labored as an Uber (UBER) driver throughout his marketing campaign to assist pay his payments.

Frost ran on a social, racial and financial justice platform and obtained high-profile endorsements from progressives, together with Sens. Bernie Sanders and Elizabeth Warren.

See additionally: Virtually 80% of Individuals assume the U.S. will expertise nice financial issue in 2023

In response to a LendingTree survey from 2022, roughly 42% of Individuals say they’ve been denied a monetary instrument like a bank card or mortgage previously yr on account of weak credit. Common credit score scores within the U.S. have both elevated or stayed the identical yearly since 2017, based on Experian.

Steps towards bettering a credit score rating can embody decreasing total debt obligations and making on-time credit-card funds.

-Weston Blasi


(END) Dow Jones Newswires

01-05-23 0752ET

Copyright (c) 2023 Dow Jones & Firm, Inc.

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