MReport.com posted an article yesterday which stated that "Half of Americans Believe Lenders Control Credit Scores". This is amazing that the lack of personal responsibility has reached to this extent.
So I guess that now Lender are responsible for people maxing out their credit cards, and not paying their bills. These poor people, how dare creditors expect them to pay their debts and use their credit cards responsibly?
At what point did the American public sink to this level of thinking and total lack of personal responsibility? The fact is that people are in complete control of their credit. Yes if you are out of a job or are hit with a major illness, you might not be able to make your payments, but it was not the Lenders or Creditors that put these people in that position.
I think that Carrie Coghill, director of consumer education for FreeScore.com, statement in this article hits the nail on the head. "Consumers are in control of their financial lives, not lenders. And, the most important factor in maintaining good credit is to pay your bills on time. By being up-to-day on payments, consumers are in the driver's seat when it comes to managing their credit status,".
America needs to get back to the values that made this Country great. This means taking responsibility for your own actions, and not putting the blame on everyone else.
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Info about the author:
George Souto is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 or gsouto@mccuemortgage.com
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