Credit Card Debt Quotes by Susan Cheever, Suze Orman, Robert Kiyosaki, Jesse Jackson, Jean Chatzky, Michael Hudson and many others.
Our [western] culture embraces sex addiction. If I drink too much or rack up credit-card debt or lose the rent in Vegas, that’s bad. But if I have many lovers, that’s good.
Absolutely pay off your credit card debt, because a child can always get a loan to go to school, possibly a scholarship, a grant.
Congratulations on your job at the bank! Yes. You work for the bank. After taxes, your largest expense is your mortgage and credit-card debt.
People internalize, from the jail to student loan debt, to credit card debt, to unemployment to the whole collective. It manifests itself in many ways, in people’s home lives, domestic stuff.
You also need to understand that when you consolidate credit card debt into mortgage debt – like a home equity loan or a HELOC [ home equity line of credit ] – you’re taking an unsecured debt and turning it into a secured debt.
There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they’ve run up – to pay their mortgage debt, to pay the credit card debt, to pay student loans.
Once you get into debt, itвЂ™s hell to get out. DonвЂ™t let credit card debt carry over. You canвЂ™t get ahead paying eighteen percent.
But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you’re in a financial position to just methodically pay off both credit card and student loans, pay them all.
It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.
Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay.
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one’s life.
There’s more student debt than credit card debt! Everywhere I go, I run into young people trying to build careers while they keep shelling out money on their education loans. If the economy is looking for a new generation of home-buyers, I can’t imagine they’ll get it from these folks.
Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people – get them charging things.
I never had credit card debt… I was very much about trying to gain my freedom, so it was about saving.
Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.
When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to mortgage debt, you are securing that credit card debt with your home. That’s a risky proposition.
If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? What are you going to do if they raise your interest rates to 32 percent? That’s five times higher than what your kid is going to pay in interest on a student loan. Get rid of your credit card debt.