Capital One Sent Me $30,000 – What Should I Do With It?

OK, so the title is a little misleading, but not entirely wrong. They did send me $30,000 – in the form of a letter offering a loan separate from my credit card limit. I didn’t ask them for it and they didn’t seem to care; they sent it anyway. But it got me thinking about how many of these letters and offers go out each and every month to people, and how we could possibly put it to good use.

Currently, I have absolutely no need for a pre-approved loan of $30,000. The loan on my car has a lower interest rate, so that would make no sense. I don’t own a home, so I don’t need to do any home repairs. The interest rate on the loan would be slightly higher than what I earn from ING Direct, so that would not make any sense. Hmmm…It’s a shame to be offered a check for $30,000 with nothing to do with it. But you know what the true meaning of NOT having anything to do with it is?

I don’t need it. And that, my friends, is happiness. That is a big sigh of relief when a credit card company is after me to borrow money and I don’t need it. The only money I owe to anyone is on my car loan, and that’s it. No credit cards, no loan sharks, no one. Not a soul. And that is why I was so happy to receive their offer. I could read it, check it out, think about it, and toss it in the shredder.

I enjoyed getting their mail, as it reminded me of how long it took me to get to this place. Thank you, Capital One.

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