Re: Boyfriend wants to sign up for utility - gets hit with security fees
07-09-2012 03:11 PM
Sometimes all it takes to course correct is a swift kick in the posterior.
Had she not taken her stance, he probably wouldn't have seen the bigger picture. Her best bet was to NOT enable him with the utilities.
But, we can't always take a lack of knowledge and mistake it for malice.
Like many others, he probably really didn't have a clue about credit, how it worked, how far it extends and the total effects of it. Now, he knows. And knowing is half the battle. The other half is paying on time.
I totally agree. Since this has come up, we've been having healthy, constructive dialogue regarding finances. It is the first time he's really seen how much of a stickler I am regarding PIF'ing/avoiding interest whenever possible. I explained how I am paying extra on my auto loans to get each one paid off a year early & minimize interest paid. How I am paying less for a newer car simply because of credit improvement (financing at 8.45% vs. 4.46%). How my newer car payment is less than his older one.
I am actually glad this all came up. It was much needed.
8/2009 (myFICO): TU - 599, EQ - 656
7/23/2010 (LO pull): TU - 738, EQ - 801, EX - 785
4/12/2012 (myFICO): TU -778, EQ - 791