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We Need To Teach Our Children The Importance Of Good Credit

By
Managing Real Estate Broker with Platinum Properties- (931)771-9070 TN Broker: 208698

This morning I had a meeting with one of my tenants to sign a lease extension. During our visit the tenant got very emotional and thanked me for giving her a chance to live in a nice place. You see her credit was blemished when she first applied but my husband and I took a chance on her that she would respect our property and pay on time.  We first rented to her two years ago and and are extending with her for another year. She has been a fabulous tenant and not disappointed us one time. 

My tenant went on to say she wished she had learned from her parents how important it was to have good credit. She said it was never mentioned and her parents didn't have particularly good credit habits. Therefore, she followed suit and was reckless and damaged her credit during her late teens and early twenties. The result was being turned down for credit on things she really needed, mostly importantly nice places to live. She was left with properties to consider that were very undesirable  These places were sometimes located in unsafe areas and caused her great anxiety for her young son's safety. 

She said she was teaching her son how important it was to be a good steward of his money and to protect his credit. It made me think that all of us should be more aware of how we influence our children when it comes to maintaining a good credit standing. How much better our whole society and economy would be if we as parents would do a better job in this one area. 

If you would like information on homes in Clarksville TN contact Debbie Reynolds Clarksville TN Real Estate Agent at 931-320-6730.

Posted by

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

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Debbie Reynolds
"The Real Debbie Reynolds"

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Jo Olson
HOMEFRONT Realty - Kettle Falls, WA
Retired - HOMEFRONT Realty @ LAKE Roosevelt

Debbie, it is so very important!  I hope she now has someone that can council her how to fix her credit reports.  

Apr 21, 2012 09:00 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

You are so very correct. Being in the mortgage business for as many years as I have, I have done mortgages for parents and their children. Credit in many cases is a pattern that is handed down, which is good and bad. The bad part is, when parents do not have good credit, they often teach their children by example.

Thank you for sharing the post with all of us.

Apr 21, 2012 08:30 PM
Blatt + Cutino
Coldwell Banker Realty - Monterey, CA
Broker-Associate 831/206-8070*Call today*

This is so important and perhaps should be taught in school too!

Jun 02, 2012 10:04 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730
Angelica, I agre. I am afraid if the younger generation does get hold of their finances now then the country is going to have unrepairable problems from it.
Jun 02, 2012 10:42 AM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Great story, Debbie. I'm going to have to talk with my daughter more about this. Your story made me realize that. But right now it's about all I can do to get through the driving lessons, and we haven't even made it to the busy streets, yet.

Feb 23, 2013 10:59 AM