Beating the Shame of Bad CreditHaving less than stellar credit can impact you in so many ways. We all know that people with lower credit scores pay more in finance charges. This means higher interest rates when you go to buy a home. Even when it comes to credit cards and financing a vehicle, the lower your credit score is the more you’ll pay to borrow money. If you are a renter, having poor credit can result in you being denied a lease. Imperfect credit can seem scary, but it shouldn’t be that way. Why?Because, your credit has no bearing on your value as a human being.
The Power of ShameEverything is about perspective. Change your perspective and you can change your life. When and or if your credit score takes a hit, you have a choice. You can choose to look at it as a reflection of who you are and what you have to offer the world. You can even choose to see it as a failure and somehow see yourself as a failure, or you can choose to see it for what it really is –just a number.…if your credit score takes a hit, you have a choice. https://tinyurl.com/yafkuptv Click To Tweet
In the article, You Are Not Your Credit Score: Credit and Self-Esteem, author Cynthia Drake states that having poor credit can impact a person’s self-esteem. She discusses how as Americans we look at the numbers; our weight, the amount of money in our bank accounts, and, especially, our credit score. We tend to use these numbers to judge ourselves and judge others. It’s time to stop.