It’s my fault. I am the one who relied on credit in the first place, therefore giving my lenders the power to determine my “worthiness”.
The other day, I got a letter in the mail saying that one of my creditors lowered my credit limit. They didn’t do it because I have been paying late (I have never ONCE in my adult life had a negative item on my credit report), and it’s not because something changed drastically regarding my credit.
They decided that I have too many cards that are close to the limit, so their solution is to lower my limit to right above what I owe them 😯 .
As a result, my credit score will be lowered.
I am upset about it, but as I stated in the first place, I am the one that put myself in this position. That’s why we are fighting so hard now.
The hard part about it is the emotional side. When I first opened the letter I was fuming, and Khaleef had to calm me down. I hate feeling de-valued. I hate feeling unworthy. Most of all, I hate giving someone/something else the ability to make me feel like that!
When it comes down to it, I am striving to get to the point where my credit-worthiness will be the least of my concerns. Right now, it isn’t a big deal because we aren’t relying on a score for anything; but in the back of my mind is the idea that I could need a good score for some reason, and I want to make sure it is there.
I have considered calling the company and venting my frustrations, but the fact is they don’t OWE me anything. I am the one that became a slave to them, and now I am bound by what they say.
If you’ve ever let your debt affect you on a mental or emotional level like this, it’s time for us to liberate ourselves. Let’s work hard, fight hard, sacrifice, and stay committed so we can be free.
Now unto the great posts that hit the right notes throughout the past week!
Lisha from UpGusto explains how our beliefs control our circumstances. This is a really motivating post that will get you up and moving on some of the goals you haven’t been actively pursuing.
Barbara gives us some tools and insights so you can decide if working part-time is best for your situation. A lot of my friends have small children, and this article hits many of the points they’ve considered.
Travis from Enemy of Debt writes about combining finances successfully after getting some flack feedback because he checked with his wife before a purchase. I always appreciate what Travis shares about marriage and finances since he seriously rocks in both areas!
H.D. Carver from Your Finances Simplified addresses the challenges Millenials face in saving for retirement. Social Security may not exist by the time they reach retirement age, and it is important to put a plan in place.
Eva from Teens Got Cents navigates the differences between a credit union and a bank. I agree with her that credit unions do offer benefits you won’t get at a larger bank.
I hope you enjoy the posts and the rest of your week 🙂 !
