I'm sad today.
I'm sad today because my credit score went down.
I'm sad today because my credit score went down and I can't see any way to have prevented it from happening.
It's no secret that CC companies are going for blood out here, but I got a letter in the mail that my very high credit limit on my *insert name of company* card would be decreased by a significant amount due to gross negligence or some other crap like that. (yes, I said the name of the card. I hope they're monitoring an I hope they know I think they can kick rocks!)
I called and very calmly asked what they meant by "gross negligence." Come to find out a loan I co-signed for my dearly beloved sister was paid late TWICE. *side note: the heavy emphasis on twice indicates two things. 1) I'm pissed at my sister for messing up two times, once maybe, but two. #CmonSon. 2) Twice also emphasizes that I think it's ludicrous for CC companies to have the ability to lower my credit limit for paying late twice [not non-payment, paying late] thereby a)making my total amount available lower, which simultaneously lowers my credit score AND b) making it appear like I went over my credit limits. [i.e. if my limit was $1,000 and my high balance was $987, then they drop my limit to $750, then my high balance will still be $987 and I look like I make a habit or going over credit limits, which I don't.])
I don't necessarily feel helpless, but I can't think of a better word. The last time I talked to you all about my credit score here it'd jumped up 70 points (from decent to good). Well from there, it's gone down 85 points (from good to bad). So I'm not even back to sqaure 1. I'm on square -1.
And I'm going to tell on myself. It's not ALL my sister's fault. Remember that CC I paid off in this post. I um... well um... I ran it back up within three or four months, buying this and some other stuff. :-/ Having maxed out cards (even if you're paying the bill on time no-lookie-good).
Well, the good news is:
1) I make more money than I did the last time I talked about my credit, but my expenses are the same, so debt payment can really take center stage in 2010. (Making sure I eat regularly took center stage up until now).
2) It usually only takes about 6 months to a year get your credit score up and I don't have any major purchases on the horizon, so I have yet another opportunity to practice patience, diligence, restraint & responsibility. (Dear God, what are you preparing me for? Oh boy!)
3) I actually do eat well everyday, so while I'm sad about this minor setback, I see the bigger picture and it looks good (and tasty).
**P.S. I was sad on the day that I wrote this, but I'm fine now. (For all of you all that worry about me.)