Thin Credit: A meditation on trust
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When we bought our house, I was told I had thin credit.
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Evidently, your credit is one area in which it is undesirable to be thin.
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Following some panicked spending in the last recession, I had racked up credit card debt and vowed to never again find myself in the same position. So I systematically paid every cent off, lowering my balance each time and eventually closing the cards.
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There.
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Done!
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No risk of accruing debt if you have no cards on which to charge it.
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Little did I know, however, that when I went to buy another house later on, my borrowing power would be diminished by my lack of recent spending!
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Oops.
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I had assumed that having no debt was good for your credit score. But no- banks actually WANT you to have a little debt to prove your ability to pay for it.
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This reminds me of another area of spending: Trust.
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You see, my instinct to close all my cards plays out in my personal life too; mainly in my friendships.
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I’ve been burnt a lot.
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It’s made me afraid to share my opinions. And even more afraid to lean on my friends when I need help.
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Ironically though, when I hoard my emotions and resist support, I wind up with thin friendships.
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If I want to build credit in relationships, I need to take the risk of spending. I need to reach out my hand and trust it will be a safe investment.
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In one friendship in particular (you know who you are!) we talk about this often. About how scared we are that the other will abandon us if we lean too hard.
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We’re teaching each other, through making investments each day.
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The good news is that thin credit can be fattened up. Energy- whether money or love- is a cycle. A flow. We receive only what we send out. When we take a risk and send out love to the right people, our credit builds.
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What karmic purchases are you making right now? How have you been paying them off? Or do you find yourself tending to hoard the funds like me?