Credit Score Snobs

Well, it’s not like I’m surprised, but all that talk during the election of “elitism” and “intellectuals,” I have to believe there is some truth to it now. I have been following the consumer stories on a certain web magazine and one of their articles was to vote on your credit score. I will be open, as I usually wear my heart on my sleeve, I might as well wear my credit score as well. My credit score, for which I am unashamed, is 683. Yes, I admit. I am average.

What I found on this particular site from the commenters, in which snobbery reigns supreme because you must “audition” to comment is that the user’s credit scores averages above 700. One commenter boasted, “I would have expected that commenter on X site would have higher scores then the norm.” Apparently, people who read and comment on X site have a superior intellect and financial management skills. Congratulations, you must be so proud.

To be honest, the reason for my average score is I had the audacity to want to experience life. Yes, credit cards funded traveling, writing conferences and as Visa promotes, credit cards have funded my dreams. Often, when you have grand dreams, you don’t have the funds to support it and obviously, there were times I couldn’t pay back in full or sometimes, on time. And I must apologize; I have to say I have much better things to do then obsess over money. I’d rather write.

But regardless, is it fair to be snobs in regards to credit cards and credit scores? To me that is like boasting a higher education, bigger house, better job. Does it really make you a better person? Heck no. The truth is we are all in this credit boat together. All our scores are inter-connected because they affect corporation’s fee and interest policies. This is becoming more so true today, when creditors are hiking interest rates on surprisingly those elitists would good credit score. So does it really matter in today’s world?

And there is ignorance to this credit score competition by some. There are many reasons for debt and low scores; loss of jobs, natural disasters, illness. These are things we cannot control and many times cannot afford. Unfortunately, the thing that puts us into debt is life. I guess these credit score snobs can be thankful, they live uneventful lives.

The best practice instead of judging other’s by their credit scores is to seek fair regulations from credit card corporations who often times take advantage of us who spend a little more on our dreams, or have adversity that costs money. Instead of comparing credit scores and such we need to address the bigger problem, why credit corporations are in bed with our senators and which is why we can’t get regulation laws passed. For more information, please read attached CNN article.