Kwasi Kwarteng Quotes

Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay.

Whenever you borrow money, the people you borrow it from have leverage over you.

In this business, if you don't pay your debts you're finished.

We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not only paid it off, but we paid it off ahead of time.

It may be said, let him take Money at Interest, and not buy at Time. But then Men must be found, that will lend; the Legislative must provide a Fund to borrow upon.

Debt is a mistake between lender and borrower, and both should suffer.

If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me.

I would borrow money all day long, if the cost of borrowing is less than the expected return.

If you lend money to any of my people that is poor by you, you shall not be a usurer to him, nor shall you lay upon him usury.

People paid their 3 percent a month interest without considering it excessive.

The interesting thing about debt in most cases is that you have to pay it back. So if you build an overhang of debt, it becomes more and more limiting in terms of the prospect that you have.

Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.

In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.

I never did buy things on credit, I always paid for 'em, because I can't see much difference in paying for something and just waiting a week and pay interest on it; that looks foolish to me.

You know it is not my interest to pay the principal, or my principal to pay the interest.

Those have a short Lent who owe money to be paid at Easter.

Before borrowing money from a friend it's best to decide which you need most.

I went to the bank and asked to borrow a cup of money. They said, 'What for?' I said, 'I'm going to buy some sugar.'

Borrowed money, even when owing to a nation by another nation, should be repaid. They hired the money, didn't they? Let them pay it.

Treasury notes are a precarious substitute either for coin or for bank notes, charges as they are with a growing interest, productive of no countervailing profit or emolument, and exposed to every breadth of popular prejudice or alarm.

A man needs credit. Especially when he has no money.

He that trades with Money he hath borrowed at 8 or 10 per Cent cannot hold Market with him that borrows his Money at 6 or 4.

Loans are a different experience for everyone, but the mentality you have to have is not to feel relaxed. You have to have a mindset that you're going to try harder and work harder than anyone.

The interest rate you receive, however, is contingent on your credit score.

We often pay our debts not because it is only fair that we should, but to make future loans easier.