Credit Score Quotes

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.

An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.

I have never had personal debt and never will.

Creditors have better memories than debtors.

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

I have only ever borrowed money for investment. I have been sound money all my life.

Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes.

I'm not broke. Like everybody else, I owe money.

Generally, there are three rules when it comes to borrowing money: You need to have good credit, proof of income and cash for a down payment. Most people have the first two, but it's the third that trips them up. And nowhere does that come into play more than the mortgage market.

Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence.

I'm the king of debt.

A bank is a place that will lend you money if you can prove you don't need it.

Some people are just stuck in their ways and have been brainwashed into believing that credit cards and debt are an unavoidable part of life.

If you are a borrower, the more you borrow, the more it costs.

When I purchased my home, it was very strict underwriting standards. I had to provide two pay stubs, two years' tax returns, three months of bank statements, all sorts of credit card information.

You can't be in debt and win. It doesn't work.

I very rarely use a credit card, but I do if I know I have big bills coming and I need to stagger payment.

Credit is an 'I love debt' score.

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?

No nation can miss interest or principle payments without some negative impact on its credit standing.

The only thing wrong with student loans is that you have to pay them back.

Private student loans should be avoided at all costs.

Your credit score affects the interest rates you're offered on credit cards and loans, can be used to vet your job application, and in some states may influence your insurance premiums.

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

A mortgage transaction is very complex, very complicated, and very localized - the rules are not just by state but by county, sometimes even by municipality.