Ted Kennedy Quotes

Can't make your payments? No problem. The interest charges keep on coming. In fact, banks prefer it that way. More money for them. The government guarantees it.

Both on an individual and a national scale, debt imprisons.

Typically, students slide into debt through the extension (by credit card companies) of unaffordable credit lines.

Credit card interest payments are the dumbest money of all.

People get into debt head over heels because banks make it so easy to do so. Then the banks come along and act like these people who can't or won't pay their bills are the dregs of society.

What Wall Street and credit card companies are doing is really not much different from what gangsters and loan sharks do who make predatory loans. While the bankers wear three-piece suits and don't break the knee caps of those who can't pay back, they still are destroying people's lives.

Debt can be the most addictive thing in the universe, and it can kill you. You get used to living high off the hog. It was intoxicating.

Why don't we call on the credit card companies to be accountable? They need to be held accountable for their predatory lending practices.

Debt has become a part of who we are… Normal is broke in America.

Debt is the prolific mother of folly and of crime; it taints the course of life in all its dreams.

We need to stop the vicious cycle of debt that is strangling us.

Profiting from student loans is usury, and we just can't continue to allow it.

I was absolutely astonished and could not believe my eyes at the outrageous interest rates that people in need have to pay to get loans.

Once you get into debt, it’s hell to get out. Don’t let credit card debt carry over. You can’t get ahead paying eighteen percent.

The credit card companies have put the loan sharks out of business.

A man in debt is so far a slave.

Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest.

The build-up of personal and collective debt in America and Europe should have sent warning signals to anyone familiar with the biblical institutions of the Sabbatical and Jubilee years, created specifically because of the danger of people being trapped by debt.

A cash advance on a credit card is one of the worst types of borrowing because the interest rate is typically 21 percent or more.

We all know of families who have obligated themselves for more than they could pay. There is a world of heartache behind such cases.

Families rely on financial services more than ever, but those who need them most - who struggle to make ends meet - too often must contend with sky-high interest rates and tricks and traps buried in the fine print of their loan products.

Kill the Rent Hog and the Interest Hog.

In the 19th century, the chains [of slavery] were metal. Today, the chains are debt—the worker has to repay his transportation, his tools, his food.

Debt is a prolific mother of folly and of crime.

Debt is more of a problem for Blacks than racism. Being in debt is being in slavery.