(declaration through the nationwide Council of Los Angeles Raza, California Senate Banking Committee, Informational Hearing from the customer Financial Protection Bureau Rulemaking for Payday, car Title and comparable Loans (might 6, 2015)). Maria’s credit dropped to a FICO rating of 500; she filed bankruptcy twice and ended up being struggling to get preapproval for a mortgage loan as a result of her credit rating (Ibid).