Lopez bad financials seen as positive - 13abc.com Toledo (OH) News, Weather and Sports

Lopez bad financials seen as positive

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Lucas County Auditor, Anita Lopez defended her personal financial situation released in a 36-page report, last week.

The mayoral candidate's campaign hit a snag when her low credit score and high personal debt were revealed. 

Monday, she stood in front of her modest home  to address the details and said, "You never want to hide the truth about yourself."

The financial disclosure could be considered embarrassing for a political candidate.  It showed a debt in excess of $261,000, a credit score rating of 621--in the "fair" category-- and what appear to be 41 late payments.

Lopez looked at the situation and said in a news conference, Monday morning, "Transparency sometimes truly shows who you are  and I am a single-mother.  I'm taking care of my parents."

Her debt is tied up in a mortgage of about $120,000, a student loan of about $100,000 and more than $23,000 in renovations she made to her house so she could better take care of her elderly parents.  Her father suffered a disabling stroke several  years ago, her mother is a diabetic.  Both are more than 73 years old.

Last week, mayoral candidates D. Michael Collins and Mayor Mike Bell along with Joe McNamara revealed near pristine financial reports.

But the local head of the AFL-CIO... which endorsed Lopez... says their candidate is living the life most voters live.  

The union's General Secretary. George Tucker, told 13abc's Bill Hormann, "This is someone who knows your problems.  This is somebody that's going to work for you and not be talking down to the working class."

Voters 13abc talked with. do not believe a bad credit report means Anita Lopez would be a bad mayor.

Novella Holloway says, "Ii don't think it will at all because she's been an auditor for sometime and I think she's done a good job."

Coletta Allen said, "She is a single woman trying to make it with her kids."  When asked if she holds the bad debt against Lopez, Allen said, "Oh no, not at all."

And Lopez threw a political punch by using her opponents excellent credit against them, saying, "Maybe they've taken care of themselves but I'm not sure they've taken care of the rest of the city."

A spokesman for the McNamara campaign tells 13abc that the Democrat is not running for mayor based on his credit score but is running for mayor to improve the city.

This arugment may prove to be an interesting twist that will involve a debate on the issues facing the city.

Anita Lopez says she will start outlining her positions beginning Tuesday, when she looks at how the new Ohio state budget affects Toledo.

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