Creditors Quotes - Page 4

• Men must have somewhat altered the course of nature; for they were not born wolves, yet they have become wolves. God did not give them twenty-four-pounders or bayonets, yet they have made themselves bayonets and guns to destroy each other. In the same category I place not only bankruptcies, but the law which carries off the bankrupts’ effects, so as to defraud their creditors.

  Voltaire

  Gun, Men, Law

  Voltaire (1956). “Candide: or, Optimism”

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• You must not imagine that Papa or I have the least notion of compelling you to marry anyone whom you hold in aversion, for I am sure that such a thing would be quite shocking! And Charles would not do so either, would you, dear Charles?”(Elizabeth Ombersley) “No, certainly not. But neither would I consent to her marriage with any such frippery fellow as Augustus Fawnhope!” “Augustus,” announced Cecilia, putting up her chin, “will be remembered long after you have sunk into oblivion!” “By his creditors? I don’t doubt it.

  Georgette Heyer

  Long, Doubt, Papa

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• We only have a Plan A. The acceptance and full implementation of the existing plan, the so-called Plan A, is the best solution for Greece, for the euro zone and also for creditors and holders.

  Evangelos Venizelos

  Acceptance, Plans, Euro

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• Bankruptcy is a legal proceeding in which you put your money in your pants pocket and give your coat to your creditors.

  Joey Lauren Adams

  Funny, Money, Giving

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• The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.

  Peter Schiff

  Country, Unique, Play

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• In most cases, if you've gotten to this point, you've already received a letter or phone message from your creditor with the name and extension of a representative. If you haven't, you can call the toll-free number on your bill, but keep in mind that the person who answers may not have the power to negotiate a settlement. Ask to speak to someone who is either a supervisor or in the settlement department, if the creditor has one (as many do).

  Jean Chatzky

  Numbers, Phones, Names

  Source: www.nbcnews.com

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• The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.

  Michael Hudson

  Running, Party, Government

  Source: www.counterpunch.org

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• Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be able to settle your debts for cents on the dollar. You'll also pay a fee to the debt settlement company, usually either a percentage of the total debt you have or a percentage of the total amount forgiven.

  Jean Chatzky

  Dollars, Debt, Pay

  Source: www.nbcnews.com

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• After explaining why you're in trouble, ask the creditor if the company would be willing to accept a smaller amount. Start negotiations at about 30% of the total amount due, with the end goal of paying 50%.

  Jean Chatzky

  Goal, Would Be, Trouble

  Source: www.nbcnews.com

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• You really don't need to hire a debt settlement company to negotiate with your creditors.

  Jean Chatzky

  Needs, Debt, Settlement

  Source: www.nbcnews.com

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• The debt settlement company will direct you to stop paying your creditor and instead send the money directly to them each month. The company's goal is to demonstrate to your creditor that you don't have the money to pay up - that's your leverage. After a few months, the company will typically go to the creditor and say, "I'm holding X dollars on behalf of your customer. He doesn't have the money to pay you, so you should take this amount as a settlement or you'll end up with nothing." If the creditor wants to get paid badly enough, it will take the money.

  Jean Chatzky

  Goal, Each Month, Dollars

  Source: www.nbcnews.com

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• Unless you have multiple accounts that you need to negotiate and you think the project is just too big to tackle on your own, you're better off just calling your creditors directly.

  Jean Chatzky

  Thinking, Needs, Calling

  Source: www.nbcnews.com

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• First in point of time and interest comes the mortgage debt, i.e. the claim for the return of money lent on the security of some tangible object. Such claims are among the earliest fruits of a commercial civilization, and are nearly always affected the same way, viz. by the deposit or pledge of the security with the creditor, to be redeemed or returned on the payment of the debt.

  Edward Jenks

  Civilization, Debt, Tangible

  Edward Jenks (1922). “A Short History of English Law: From the Earliest Times to the End of the Year 1919”

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• It is an error to suppose that a man belongs to himself. No man does. He belongs to his wife, or his children, or his relations, or to his creditors, or to society in some form or other.

  George Augustus Henry Sala

  Children, Men, Errors

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• Behind the abstraction known as 'the markets' lurks a set of institutions designed to maximize the wealth and power of the most privileged group of people in the world, the creditor-rentier class of the First World and their junior partners in the Third.

  Doug Henwood

  Class, People, Groups

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• A man, doubtful of his dinner, or trembling at a creditor, is not much disposed to abstracted meditation, or remote enquiries.

  Samuel Johnson

  Food, Men, Meditation

  'The Lives of the English Poets' (1779-81) 'Collins'

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• Familiarity with any great thing removes our awe of it. The great general is only terrible to the enemy; the great poet is frequently scolded by his wife; the children of the great statesman clamber about his knees with perfect trust and impunity; the great actor who is called before the curtain by admiring audiences is often waylaid at the stage door by his creditors.

  L. Frank Baum

  Children, Doors, Perfect

  L. Frank Baum (2013). “Delphi Complete Works of L. Frank Baum (Illustrated)”, p.2783, Delphi Classics

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• Oh, life would be all right if we didn't have to put up with these damned creditors who keep pestering us with the demands of their ideals.

  Henrik Ibsen

  Would Be, Demand, Ideals

  Henrik Ibsen (2014). “Ibsen Plays: 1: Ghosts; The Wild Duck; The Master Builder”, p.175, A&C Black

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• No man of honor, as the word is usually understood, did ever pretend that his honor obliged him to be chaste or temperate, to pay his creditors, to be useful to his country, to do good to mankind, to endeavor to be wise or learned, to regard his word, his promise, or his oath.

  Jonathan Swift

  Wise, Country, Men

  Jonathan Swift, Thomas Roscoe (1859). “The works of Jonathan Swift, D.D.: with copious notes and additions and a memoir of the author”, p.149

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• He's gone, and forgot nothing but to say farewell to his creditors

  Benjamin Franklin

  Humorous, Farewell, Gone

  Benjamin Franklin (2013). “Poor Richard's Almanack”, p.9, Skyhorse Publishing, Inc.

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• Japan is the largest creditor country in the world, so we have made contributions to the stability of international markets and we want this IMF meeting to confirm that we will continue to contribute.

  Yoshihiko Noda

  Country, Japan, Imf

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• [I believe in] the throne...parliamentary institutions...private enterprise and individual opinion against the socialization of the state...equity in the distribution of public burdens and strict maintenance of public faith with the creditors of the state [and] a fresh guarantee of peace by an alliance with France and...Belgium for the defence of our common interests against unprovoked attack.

  Austen Chamberlain

  Believe, Thrones, Maintenance

  "The Impact of Labour, 1920-1924: The Beginnings of Modern British Politics" by Maurice Cowling, Cambridge: Cambridge University Press, (p. 147), 1971.

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• Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.

  Bill Gross

  Dollars, Sanity, Force

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• The aim of New Deals is to exterminate the class of creditors and thrust all men into that of debtors. It is like trying to breedcattle with all cows and no bulls.

  H. L. Mencken

  Men, Class, Trying

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• Whatever we owe, it is our part to find where to pay it, and to do it without asking, too; for whether the creditor be good or bad, the debt is still the same.

  Seneca the Younger

  Asking, Debt, Pay

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