Credit Card Quotes - Page 8

• You fall a bit behind on a credit card bill, your interest rate soars, your minimum payment rises, and you start falling more and more behind every month. You don't see an end. But you don't want to file bankruptcy either. What you can do - and should do - is negotiate.

  Jean Chatzky

  Fall, Cards, Credit

  Source: www.nbcnews.com

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• 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.

  Jean Chatzky

  Home, Cards, Credit

  Source: www.nbcnews.com

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• In about one-third of credit card consolidations, within a short period of time, the cards come back out of the wallet, and in no time at all, they're charged back up. Then you're in an even worse position, because you have the credit card debt and the consolidation loan to worry about. You're in a hole that's twice as deep - and twice as steep.

  Jean Chatzky

  Worry, Cards, Credit

  Source: www.nbcnews.com

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• Once the settlement is completed, the credit card company will report it to the credit bureaus, which will then make a notation on your credit report that that account was paid by settlement. That's going to signal to future lenders that you left the last guy hanging. That's why, as with bankruptcy, debt settlement is an extreme option, one you shouldn't take lightly. It's not just an easy, cheap way to eliminate debt.

  Jean Chatzky

  Guy, Cards, Credit

  Source: www.nbcnews.com

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• I don't like credit cards. Let me triple underline that.

  Elizabeth Warren

  Cards, Credit, Let Me

  Source: www.bethkobliner.com

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• Good for Warren Buffett that he can afford to do that! Some people, sometimes, need to finance a purchase or rent a car, and a credit card becomes a necessity.

  Elizabeth Warren

  People, Car, Needs

  Source: www.bethkobliner.com

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• A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan or home equity line of credit (HELOC), refinancing a mortgage, or taking out a personal loan. They then use this cheaper debt to pay off more expensive debt, most frequently credit card loans, but also auto loans, private student loans, or other debt.

  Jean Chatzky

  Home, People, Cards

  Source: www.nbcnews.com

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• You must be sure - and I mean absolutely positive - that you have the willpower to pay off those credit cards and not use them again.

  Jean Chatzky

  Mean, Cards, Use

  Source: www.nbcnews.com

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• 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.

  Jean Chatzky

  Home, Needs, Cards

  Source: www.nbcnews.com

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• If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.

  Michael Hudson

  Income, Three, Cards

  Source: www.counterpunch.org

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• There are a lot of examples where people aren't getting the right information. We could do a lot more with credit card bills so people properly understand that if you pay off the minimum it could take you 41 years to pay off is that right.

  George Osborne

  Years, People, Example

  Source: blog.moneysavingexpert.com

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• War is an extraordinary condition to be in - to be, for example, in the combat information center of a warship [and behaving] as though you were merely processing credit card applications. [Instead,] the information you're processing is that an incoming missile is 15 kilometers away, now 10 kilometers away, now 5 kilometers. You have to separate yourself psychologically from the fact that your mortal existence may well end. That is the ancient reality of war.

  George Friedman

  War, Reality, Cards

  Source: www.psychologytoday.com

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• One of the big problems we have in this country is that not enough people understand how important it is to save, understand the details of credit card statements, to be able to compare different APRs and the like. I support the idea.

  George Osborne

  Country, Ideas, People

  Source: blog.moneysavingexpert.com

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• You can pretty much trace when the big individual indebtedness kicked in, and it was when the credit card became generally available.

  Margaret Atwood

  Cards, Credit, Individual

  Source: www.macleans.ca

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• How can we recognize if we're falling into materialism's trap? Christ's words were direct and profound: "Where your treasure is, there your heart will be also" . What we do with our possessions is a sure indicator of what's in our hearts. Jesus is saying, "Show me your checkbook, your credit card statement, and your receipts for cash expenditures, and I'll show you where your heart is." What we do with our money doesn't lie. It is a bold statement to God of what we truly value.

  Randy Alcorn

  Jesus, Lying, Fall

  Source: www.patheos.com

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• Under the old system - which is now so archaic that a lot of people can't remember it - if you wanted money you had to go to the bank and take the money out in cash form, and you couldn't take out money that you didn't have. But with the credit card you can spend money you don't have, and that is just so tempting.

  Margaret Atwood

  People, Cards, Credit

  Source: www.macleans.ca

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• Most of the productivity gains appear to go to the top 1 percent. Most people don't have enough income and as a result, they borrow additional money by using their credit card and they fall into high debt. The result of the growing income gap is a slower growing GDP (too few people with money to spend) and a rising tide of indebtedness.

  Philip Kotler

  Fall, Gdp, People

  Source: bobmorris.biz

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• Right after the 9/11 attacks I was living near Oakland in California with a buddy who had also grown up in the skate/punk scene of the 80s. We were so shell-shocked from the attacks that we sort of regressed into this childlike mode of filling our apartment with '80s memorabilia. We got all of our favorite skateboard decks off of eBay, bought a bunch of old independent trucks, we got a credit card so that we could buy 720 off of a videogame vendor, we sat around listening to T.S.O.L. and The Misfits playing 720 and pretending that we were still living in our childhood.

  Rick Remender

  Independent, Ebay, Oakland

  Source: www.ign.com

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• So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations
  that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.

  Michael Hudson

  Fall, Mean, People

  Source: www.counterpunch.org

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• For a new payment product, you always have to ask, how much better is it than the current solution? So when we started Paypal, for eBay micro merchants, it was much better than getting the 7 to 10 days process of cashing a check in the mail. When you look at stores or physical worlds, places, a lot of these places are already set up to take cash or credit card. Apple Pay may be an incremental improvement, maybe a little bit better. But when you have something that's pretty good and you go to something that's perfect, sometimes it's very hard to drive adoption because the delta is not that big.

  Peter Thiel

  Perfect, Adoption, World

  Source: www.businessinsider.com

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• The consumer culture in general has washed over our civilization. For the last 50 years, if you've had a credit card and some access to money, you don't really need neighbors around you. And as a result, they dwindled. The average American has half as many close friends as they did in 1950. Three quarters of Americans don't know their next-door neighbor. They may know their name, but they have no real relationship with them. That's an utterly new place for human beings to find themselves in - I mean, we're a socially evolved primate.

  Bill McKibben

  Real, Mean, Culture

  Source: www.motherjones.com

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• I have no credit cards. That was the decision that was made jointly by the credit card companies, and by me. I can't say that that was completely on my account. I buy nothing on credit now, nothing. If I can't afford it, I don't buy it. I have a debit card, that's all I have. Any debt that I have, I am paying down.

  Neal Gabler

  Decision

  Source: www.slate.com

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• While many of the established media make losses or go bankrupt, WikiLeaks has survived a major conflict with a superpower, including an unlawful economic blockade by its banks and credit card companies and the detention of its editor. We have no debts. We have not had to fire staff. We have never lost a court case related to our publishing. We have never been forced to censor. Adversity has hardened us.

  Julian Assange

  Adversity, Loss, Fire

  "'We Believe in What We're Doing'". Interview with Michael Sontheimer, www.spiegel.de. September 30, 2016.

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• It's an amazing time to be an entrepreneur because not only is the stuff getting more capable and powerful, but it's becoming more reliable and the costs are coming down dramatically. So you can go out as an entrepreneur and start a company on a credit card and go to AWS and a few other services and be pretty virtual and, who knows, you may be the next Steve Jobs.

  John Sculley

  Powerful, Entrepreneur, Capable

  Source: www.businessinsider.com

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• The current U.S. and Eurozone depression isn't because of China. It's because of domestic debt deflation. Commodity prices and consumer spending are falling, mainly because consumers have to pay most of their wages to the FIRE sector for rent or mortgage payments, student loans, bank and credit card debt, plus over 15 percent FICA wage withholding for Social Security and Medicare actually, to enable the government to cut taxes on the higher income brackets, as well income and sales taxes.

  Michael Hudson

  Fall, Cutting, Students

  Source: www.counterpunch.org

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