January 16th 2019

Today I checked my credit rating for the first time in my life, and was pleasantly surprised to discover that I am not doomed for eternity. Although I’m 25 years old, I’ve never really taken much interest in my financial stability and security. I choose to live my life on a finely balanced knife edge of never buying anything I can’t afford, but never using lack of finances as an excuse not to do something. By which I mean most of my money goes on doing stuff, rather than having stuff.

And so, while people my age are settling down with mortgages and extensions and conservatories, I’m only just learning what my credit rating is. Or, rather, I’m only just learning what a credit rating is.

Part of my fiscal ethos is to never get a credit card, because in my mind, if I can’t afford to buy something now, then there’s no reason to buy it at all. It doesn’t matter whether I could pay it off next month, or over the course of a year, unless I have the money to spend on it, and still have money leftover to like, you know, eat and stuff, then I can’t afford to buy the thing.

The exception to that, of course, is my car, which is on finance. Because I was never going to have 10 grand sitting in my current account and if I did it would definitely get spent on a fucking huge holiday.

And so, I’ve never had a credit card. Never particularly wanted a credit card. Until today when the only thing I was penalised for on my credit rating was the fact that I didn’t have a credit card. They want proof that I am responsible enough to make credit repayments, except I’ve never had to make credit repayments, because I don’t have any.

So, in a weird way, I’d actually be more financially secure if I got a credit card? I don’t understand life. That goes against everything I believe in. But apparently if I get a credit card then buy, like, a bar of chocolate every month with it and make the repayments as soon as I can, then my credit rating will go up.

Because if I can prove to the bank that I am responsible enough to make repayments on unpaid chocolate bars, then apparently that shows them that I am responsible enough with my money for them to loan me a £200,000 to buy a house. Not that I have any desire to get a mortgage, but that’s just how it works.

And so, I might get a credit card. But probably not. Because I’m still icky on the concept of them. And I don’t know why. Because I’ve just outlined a bunch of reasons why they’re a good idea, but not really come up with one other than “ick” to describe why they aren’t.

Until tomorrow, for now I’ll just buy Kit Kats with cash.


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