The credit score

I’ve spent the last few years watching my credit score fluctuate and it has brought several emotions mostly brief sadness and anxiety,loll…😂

The feeling it reminds me of,is seeing your investment or stock value drop significantly(only investors will understand this)It’s really not for the weak.

If you are reading this and still experience these emotions,I admonish you to be strong and develop a very neutral attitude towards it.After all,it’s not the end of the world and as they say now, “it is what it is”.

Now,here’s what I want to commit to this year;becoming debt free which means paying off EVERYTHING I owe(currently around £4000),of course excluding my student loan debt with SFE.

I know,that for some or most people in their 30’s reading this,£4000 is nothing and you wish you had that much little debt but to me that’s like £400,000 and I don’t like it.

I say this because I almost never owe anyone except my sister and my phone company.It literally takes me prayerful consideration before I even attempt to borrow anything especially money from people.I’ve always believed that the borrower is a slave to the lender and I generally don’t like feeling indebted to anyone so I really try my best but life happens and we gather some dust along the journey.

Also,I’ve only ever had one credit card which was under £600 in my early twenties.I must add that,I mismanaged it as you would expect and ended up spending the last few years paying for it.Yes,years,because the debt kept increasing.Don’t ask me how!

A lot of people are misinformed about credit cards and are misled to believe that they are a curse but they are actually a great source of credit builder and actually a blessing once used correctly.

I mention credit cards because I plan to get one after clearing my debt,hopefully before December 2021 and getting one for myself so that I can build my credit as my credit utilisation is pretty low right now.

PS,if you have no clue what credit utilisation is,check Credit Karma(previously called noddle) or ClearScore or Experian or Google😀

Credit building will require a lot of attention to your spending,prioritisation of needs and spending in general,timely payments of bills etc so don’t start it you are not ready to discipline yourself now for the sake of your future.

I will end this here for now as I realise this is getting a little long but I will show you some of the images of my credit score I have tracked over time to give you a better perspective of what I’ve just shared.

So I shall you in the next one,hopefully✌🏾❤️

Tilly.x

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