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huinareThis rant has been brewing for about a week, ever since I got a letter from a particular Bloated Credit Provider (hereafter referred to as BCP).
Before I speak of the letter, allow me to explain my history with BCP: I have had a line of credit with them for roughly two years, the majority of which time I would use the card to pay my bills and occasionally buy something off Ebay, and would promptly make a full payment to bring the balance back to zero.
Over the summer, my carefully and dangerously teetering financial situation imploded due to a couple circumstances, and with it my sense of responsible duty. The situation necessitated the borrowing of a loan, which I had spent years cleverly avoiding. Since debt was now an unavoidable circumstance, I expressed my defeat good-naturedly by entering a month or two of lackadaisical money management. For the several ensuing months, I have been lamenting the three-figure outstanding balance. I have only been able to afford to pay about twice the minimum requirement, which, after the bill I still use the card for and the monthly interest accruing, means that each month I only make the smallest of dents in the outstanding balance.
BCP responded to this grievous and irresponsibly self-inflicted state of affairs by sending me a letter upping my credit balance and congratulating me on my “excellent” management of my credit.
WHERE WAS YOUR LETTER WHEN I ACTUALLY -WAS– ENGAGED IN EXCELLENT MANAGEMENT OF MY CREDIT?
I pray you pardon my rhetoric. It’s clear what’s going on here: Excellent = BCP profits off it.
Welcome to America, where waste and/or privilege are rewarded and compounded by BCP and its kindred, while the poor and empty-handed can be as responsible as they damn well please and never get so much as a nod.
Before I speak of the letter, allow me to explain my history with BCP: I have had a line of credit with them for roughly two years, the majority of which time I would use the card to pay my bills and occasionally buy something off Ebay, and would promptly make a full payment to bring the balance back to zero.
Over the summer, my carefully and dangerously teetering financial situation imploded due to a couple circumstances, and with it my sense of responsible duty. The situation necessitated the borrowing of a loan, which I had spent years cleverly avoiding. Since debt was now an unavoidable circumstance, I expressed my defeat good-naturedly by entering a month or two of lackadaisical money management. For the several ensuing months, I have been lamenting the three-figure outstanding balance. I have only been able to afford to pay about twice the minimum requirement, which, after the bill I still use the card for and the monthly interest accruing, means that each month I only make the smallest of dents in the outstanding balance.
BCP responded to this grievous and irresponsibly self-inflicted state of affairs by sending me a letter upping my credit balance and congratulating me on my “excellent” management of my credit.
WHERE WAS YOUR LETTER WHEN I ACTUALLY -WAS– ENGAGED IN EXCELLENT MANAGEMENT OF MY CREDIT?
I pray you pardon my rhetoric. It’s clear what’s going on here: Excellent = BCP profits off it.
Welcome to America, where waste and/or privilege are rewarded and compounded by BCP and its kindred, while the poor and empty-handed can be as responsible as they damn well please and never get so much as a nod.
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