Here’s a note that I wrote, but forgot to post here on this blog. It’s in response to an invitation I received to support an social action to not pay our debts – credit and student loan debts – in protest of the 1%, the status quo and the banking and education systems.
I can relate to the frustrations of credit, student loans and debt. I spent my childhood on a path of academic achievement, because my mother – an educator, a working-class single mom and a true believer in the value of a top-notch education – didn’t give me much choice in the matter. I enjoyed the ride, and did develop some great skills, habits and gray matter.
At age 17, i also was accepted to five out of the six Top 25 American universities that I applied to. I chose Tufts University, because they didn’t want me to serve their community as an exemplary Latino student. That was a big deal, to me, because I have been estranged from my Latino father’s family my whole life, and was raised as a “white kid” by my Catholic, Polish-American mother and her Jewish family. Latino was a technicality, for me, not a lifestyle, when I was 17. So, I shirked the pressure and rejected the generous “ethnic” scholarship offers from at least three other top university, and accepted a meager, arguably-unfavorable financial aid package from Tufts…because I could be the “myself” that felt comfortable and authentic to me.
I worked my tail off at Tufts. Not in the classroom (sorry, Ma), but at mutliple on and off-campus jobs, in order to fund my exploration of myself as a young adult, and to fuel the joys, afford the tools and drop deeper into life away from Big Momma’s House. Good times. Hard times. By the time I graduated, I owed my mom money, the government money and I definitely owed money on high-interest credit cards. I lived beyond my means, and I continued to, throughout my twenties. My mom’s financial situation improved after her first retirement, so she was able to help me pay down some student loan debt. I am grateful.
My credit card debt? I carried that, added to that, and definitely lived well with the help of that, into my early thirties. I’ve been chased by collectors, lived many tough financial choices and the juggled my budget in my fight to not feel the limitations of my income, my expenses and my commitments. But, the system isn’t to blame for my bad credit score, or my stress. I am.
I knew what I was signing up for, at 17. I knew what I agreed to, at 18, when i got my first credit card. I knew what I committed to, at 25, when i funded a year-long apprenticeship in sound design with grad school loans and credit cards. and I know that I deserved the repercussions of my actions, my decisions and my indulgence of my shadows, my process and my impulses.
So, yeah, I have crappy credit. And no matter how much money I earn or am worth, I still might need my mom (who has great credit) to co-sign a lease for me, at age 32. I can’t get a credit card, no one will give me a mortgage, and I recently found out that I’m not eligible for bank accounts – even at some of the hallowed, sacred, beloved credit unions and community banks.
But, hey, that’s on me – and in my judgment, that’s not on the system. No one forced me to live beyond my means. No one forced me to aim higher than I could afford. No one forced me to not pay my credit card bills, rack up interest that I couldn’t overcome and eventually settle my consumer debt (at the expense of some family monies, my money, a lot of stress and a favorable credit score). No one has forced me to defer my student loan payments because I don’t earn enough to pay them off right now. No one. I chose to do all that. I chose this path.
I chose it, when i wanted to keep up with richer teenagers. I chose it, when I wanted to avoid feeling poor or broke. I chose it, when I wanted to pretend like I didn’t have a mountain of financial commitments. I chose it, each time I quit a “good job” to pursue my personal interests, drop deeper into my emotional healing or live the adventure of starting over, from scratch. And I continue to choose it, each time I shy away from more lucrative work, or reject the idea of returning to my communications career full time, because I love my schedule, my current work, and my lifestyle. Plus, Cubicle World is crumbling – it’s a losing bet, right? Maybe. Maybe not.
But my current financial situtation isn’t the fault of cubicle world. I don’t feel hustled, and I don’t believe that others have been hustled. In my judgment, we all know bad deals when we encounter them. In my experience, I’ve chosen to look the other way, to have what I want in the moment, and sign up for the deal, anyway. Partially, because I don’t believe in the System. Partially because I have not always been in integrity with all the realms of my life. Heck, I’m still not always in integrity with every part of my life puzzle. Partially, yes, because I didn’t know any better – I was a kid, when this momentum started. And partially, yes, because no one taught me not to.
But to blame the System, or the banks, or the education system for my situation doesn’t seem fair. Making a deal with the devil and not making good on my end of it, hasn’t felt good. Sure, it’s the devil. and yeah, fuck the devil. He sucks. But, a deal is a deal, and Chase, Shitibank and Sallie Mae didn’t force me to want more. They helped me have more, in the moment. What i did with it, is on me. So is paying it back, or suffering the consequences of not paying it back.
Not paying it back feels to me almost as childish as blaming my parents for the decisions I’ve made in my lifetime. Or, like blaming Marlboro for making me addicted to cigarettes, Maker’s Mark for making me drink a bottle of bourbon, or blaming Hostess for making me eat a case of Twinkies.
I knew the deal. I know the deal. The print isn’t that fine. I chose to ignore it.
Power to the People. Occupy Your Mind.