Posted by Mike Smith :: October 24, 2007 @ 6:43 am

As is true in so many areas of our lives, we all have enormous influence over the financial situations we find ourselves in. While it is sometimes difficult to admit, particularly when we come on tough times, we often control the reasons for our current financial state.

Taking personal financial responsibility is a liberating experience. It’s easy to blame high interest rates, a bad investment, or confusing mortgage terms for the cause of your troubles. The problem with such an approach is that things in the past are out of your control. When you take a hard look at where you are today and decide to take action, you regain the control.

It’s great to browse the P2P loan requests on Lending Club. I really enjoy reading about people who have made the decision to take back that control. Whether they’re refinancing high-interest credit cards, funding purchases at affordable rates, or financing their entrepreneurial aspirations, one thing is clear: they realize that their success or failure is in their own hands. While you might make mistakes along the way, denial and inaction rarely solves any problem.

If you’ve had enough of your finances always seeming out of control, do something about it! You have that power within you. If you need help getting started on the path to a better place financially, you’ve come to the right place. The Lending Club blog is constantly covering a wide range of financial topics to educate our readers. By staying informed about current financial events, consumer protection information, and even basic financial literacy, you will be well prepared to recognize and act upon opportunities as they present themselves to you.

Taking personal financial responsibility isn’t about blaming yourself for your problems. It’s about recognizing that while your financial past cannot be changed, a more promising financial future is entirely up to you.