Club Chaos Agents - All Things Hollish, Wacked, and Jacked


Credit Is A Financial Responsibility

We are often handed a credit card when we wave good bye to our parents at the door. I remembered that when I left Malaysia as a young 20-year old student awaiting what life has in store for me at the University of Oklahoma at the other end of the world. It was my father's assurance or should I say a quick replacement of him when financial troubles come my way.

Another friend were handed yet another credit when he was in college. He made purchases and his exact quote, "I just kept swiping that thing without thinking that I'd ever need to pay the card back". On graduation day, his father handed a stack of bills and told him that he has been making the minimum payments. Now, it was time to make his payments on it. It took him many years to pay off those credit cards for the t-shirt and cap he didn't remember buying or the meal he didn't remember eating.

So many times, parents do not teach financial responsibility to our children. Hence, no wonder the children who then grow up to become adults never put two-and-two together. You swipe it, you pay for it. Credit education should be taught by parents at home as well as in school. But first, the adults that impart this knowledge must first understand it. Credit is not just handed off but must be used responsibly for those whom credit is issued.

When you swipe the card, you are essentially "borrowing" the money. And when you "borrow" something, you promise to pay it back.

For young adults, building credit is essential. In reality, no many people can afford to make cash real estate purchases. Read my friend John Cannata's blogs about Credit .... Your Greatest Asset and Ways to Build or Re-Build Credit. The intentions of having credit issued is to show credit "worthiness" of bigger and larger loans in the future. It is NOT for you to buy anything and everything under the sun to your heart's content.

Please use your credit wisely and use it responsibly. Pass the responsibility on to your children also, just as you pass on your morals, values and beliefs. How you and your children handle credit can affect them for the rest of their lives.


This is my first Home & Credit Savvy post as the new moderator of this group. Together with Brian Foxworth, we plan to bring home and credit awareness to Active Rain members and the public. Please accept my invitation to join and participate in this group. If you write blogs worthy of inspiring and educating others about home and credit savviness, you will become the salt and light in our world often darken with financial irresponsibility.

Please join the Home & Credit Savvy group.


Much to your success.

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Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210



I proudly serve and sell real estate in the northern suburb cities of the Dallas metroplex. If you are thinking about purchasing or selling your home in neighborhoods of Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area and other surrounding areas and more importantly, want to work with a local area expert, contact me immediately.

It is a competitive market, hence it is important that you choose to work with the realtor who knows these communities like none other. I employ a systematic market approach in selling your home - an intentionally unique proposal that most real estate agents do not use. If you care to be on your way to a successful closing, contact me immediately to see how different my proposition will be.

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Copyright © 2008 by Loreena Yeo (3:16 team REALTY). Credit is a Financial Responsibility.

Comment balloon 9 commentsLoreena and Michael Yeo • October 29 2008 01:11PM
Credit Is A Financial Responsibility
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