Mark Goulston Quotes

I had been working for eight years and all I had to show for it was this horrible debt. At one point we had the bailiff at the door.

Many a poor soul has had to suffer from the weight of the debts on him, finding no rest or peace after death.

It's a little hard to go out there and spend your money on a home, car, or goods and services if your wages are being garnished to make debt collectors rich.

Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.

I listened to the students on campus in Plymouth, worried about their steadily deepening debts and how on earth they would ever escape them.

Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.

The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay.

No 22-year-old should have to enter the real world already in a virtual debtors' prison.

Overwhelming, student loan payments are holding millions back from buying homes, starting families, and saving for retirement.

There's nothing normal about graduating with massive student debt, where you live in fear of predatory debt collectors and wage garnishers even as you are starting to live your life.

On New Year's Day 2008 I had two bailiffs turn up on my doorstep and because I had so little income I had not been paying bills, and I respect the concept of paying bills, I'm very much in favour of it, I just couldn't quite get it together.

Too many young people graduate laden with debts that take years, if not decades, to pay off.

Very few people can afford to be poor.

Garnishments tend to happen when people hide from their debts and stop making even minimum payments. Eventually, creditors sell the debt to a collection agency.

Until 1869, when they were banned, debtors' prisons were the great incinerators of British reputations. Those who were unable to pay their bills were jailed until their creditors were paid - an unlikely event, given that the prisoner was unable to work.

By the time most people file for bankruptcy, their credit is already trashed, they have a high debt-to-income ratio - a key indicator lenders look at - and they've likely defaulted on more than a few accounts.

Get rid of debt now.

In my house, it is always a scramble from paycheck to paycheck.

Bankruptcy exposes the economic vulnerability and insecurity of middle class women.

Some economists estimate that for every family that goes bankrupt, there are about 15 more who are in the same amount of financial trouble and would profit from bankruptcy but just haven't filed.

January, month of empty pockets! let us endure this evil month, anxious as a theatrical producer's forehead.

I have huge debts, and know of no other way to resolve them than to re-enter the slave trade.

The biggest pressure towards bankruptcy is health expenses … an unexpected health problem is the biggest driver.

The nation is in a situation similar to that of an employee who receives annual pay raises but cannot improve his or her standard of living because of the need to pay rising debt service to creditors.

At my lowest point, I was nearly $700,000 in debt.