This thread really helps me to remember the way I used to manage credit. Whenever I would receive a new credit line, I would think of it as WHOOPEE, THAT'S ANOTHER FEW THOUSAND DOLLARS AVAILABLE TO ME FOR SPENDING ON STUFF I WANT. It never occurred to me that the credit line didn't make me one dollar richer. Instead, it was simply a license to borrow money from somebody. I should have thought of it as WHOOPEE, I GET TO BORROW SO MUCH MONEY FROM SOMEBODY ELSE THAT I'LL HAVE TROUBLE PAYING IT ALL BACK! Doc
EXACTLY Doc I used to think whoopee "more money to spend!" i think i've gotten over it. another thing is the validation factor.I wonder sometimes if seeking more and more creidt (that you don't really need) might be a self esteem issue - not saying that's the case for everyone (Wolverine but in my case it's applicable
Oh, Mark, the self-esteem factor certainly mixes in there for me...STILL. LOL! In my personal case, the two issues are separate but aggravate each other nonetheless: 1) how credit fits into our financial lives 2) how credit denial impacts our self-esteem In my case, I've (thankfully) finally resolved my issues related to issue #1. However, to this day, if I get turned down for something, I hear that little voice that says, "What's the matter with ME that they turned me down?" Hell, I did it in this thread. My AmEx revolving card only has a $7500 LOC. I noticed that YOURS has a LOC of $10k MORE, and I felt a little anxiety pang in my chest as I thought, "Hmm, how come they gave HIM the big credit line... what's the matter with ME?" It's definitely a personal issue, and I want to kick the living daylights out of it, lol. Doc
LOL the only reason they gave me that Doc was because i was using it like crazy to rack up points for a big trip I was taking. Trust me - it wasn't out of love and kindness - it was ALL about "hmmmm, we can make more money on this guy..." Which, of course, the way all credit cards work
