FrugalRican wrote:What I call the "DO SOMETHING NOW" syndrome.
In this day and age of quick information, knowledge and fixes, waiting months upon months for the credit situation to slowly resolve itself and grow (AKA the garden) can be quite aggravating. To some, apping gives a sense of control over their situation while just waiting can mean that the situation controls them.
+1
TeeandDee wrote:This "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!
Don't laugh. This is part of the answer: Onnela JP, Reed-Tsochas F, Spontaneous emergence of social influence in online systems, Proc Natl Acad Sci USA, 2010 Oct 26; 107(43): 18375-80
Cdnewmanpac wrote:
TeeandDee wrote:This "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!
Don't laugh. This is part of the answer: Onnela JP, Reed-Tsochas F, Spontaneous emergence of social influence in online systems, Proc Natl Acad Sci USA, 2010 Oct 26; 107(43): 18375-80
For 10 years, I couldn't get credit to save my life! After waiting 10 yrs for a BK to fall off, and another 2 to rebuild credit, it's such a nice feeling to know I can be approved for credit again. It's like I'm in a club that I couldn't join before.
I think Frugal is right. In so many ways, credit is something we have no control over. We can't control our FICO. And one mistake -- like heaven forbid be 1 day late on a payment -- stays with you for 7 years. IMO, that's very punitive. Apping is one area where we do have some control. We can choose to app or not. So, it could be exerting control in a situation where we have very little.
I get so excited about getting credit that I have to remind myself it's not really a big deal. I mean, it's not free money. If I charge something, I have to pay for it, and if I don't PIF, then I pay through the nose in interest (which I'm unwilling to do). Credit is really a means to an end -- you *need* credit to get things you want -- like a car and house. The cards themselves really shouldn't give me such a buzz, but they do. 
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