Credit Debt Quotes

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.

When I was young, people lived from paycheck to paycheck. Today, it seems like they live from credit card payment to credit card payment.

While payday loans are often the only source of credit for low-income Americans, these lenders are notorious for predatory practices that cause borrowers to fall deeper into debt.

Imagine you owe on five credit cards, you owe five debts. So which debt should you pay first? And the answer is very simple: You should pay the one with the highest interest rate first. But that's not what people do.

Why don't somebody print the truth about our present economic situation? We spent six years of wild buying on credit - everything under the sun, whether we needed it or not - and now we are having to pay for 'em, and we are howling like a pet coon.

Love's an illusion. It's a dream you wake up from with an enormous hangover and net credit debt. I'd rather have cash.

Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people - get them charging things.

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.

All loans, in the eyes of honest borrowers, must eventually be repaid. All credit is debt. Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.

Like sugar and, oh - let's say the most tabloidy and gossipy reality television programs - credit is, for millions, genuinely addictive.

If the only way you can build an emergency fund is to pay the minimum due on your credit card, that is what you need to do.