Elizabeth Warren Quotes

The world does not need another credit card.

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.

Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card.

Credit card companies pay college students generously to stand outside dining halls, dorms, and academic buildings and encourage their fellow students to apply for credit cards.

I have always advocated doing everything possible to pay off credit card balances; it's good financial management and the ticket to a strong FICO credit score.

I'm a neurotic Jew who doesn't want loans. I can't even carry a balance on my credit card without having a nervous breakdown.

I say all the time I think there should be some courses in the regular schooling system that isn't, even like about credit, things that matter later in life. I learned the harder way: 'Look, I got a $500 credit card in the mail, let's go shopping!'

We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts.

A person's credit report is one of the most important tools consumers can use to maintain their financial security and credit rating, but for so long many did not know how to obtain one, or what to do with the information it provided.

If you pay your credit card off every month, get a rewards card. One that gives you airline miles or that will give you 1 percent cash back at least on every purchase.

Whether or not you have good consumer protection has a big effect on safety and soundness of the banking community, especially smaller banks.

I'm not a very good financing person. I don't even know how much money I have in my bank account. I never have opened one single envelope from the bank - they freak me out.

By teaching twenty-something year olds responsible debt management practices, we can help them create a balanced lifestyle and find peace of mind through increased financial awareness, smart saving and long-term investing.

The most important thing for a young man is to establish a credit... a reputation, character.

Debt certainly isn't always a bad thing. A mortgage can help you afford a home. Student loans can be a necessity in getting a good job. Both are investments worth making, and both come with fairly low interest rates.

Real choice is clear information and the right to walk away from a bad deal without leaving your wallet behind.

No one anticipates divorce when they're exchanging vows, and it can be devastating emotionally and financially. To ease the financial side of the blow, you need to maintain your financial identity in your relationship. That means having your own credit history - you need your own credit card - and your own savings and retirement accounts.

You don't need credit.

Whether you're earning $7 an hour or $700,000 a year, it's very important to protect your credit rating.

Many people are in the dark when it comes to money, and I'm going to turn on the lights.

When you borrow money, you should always think how you're going to pay it back.

Anything that gets people to think harder about their financial security and take some responsibility is a good thing.

Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.

A consumer-finance agency is a good thing, but it would do well to teach consumers a simple lesson: if you don't understand the deal you're making, don't make it.

It's not surprising so many people end up with credit-card debts. Saving for your retirement and buying a house are difficult things, and we don't educate people about them at all.