A bank is a place that will lend you money if you can prove you don't need it.
Modern economies rely on debt, which encourages productivity and growth. But that system of credit requires consequences for debtors who default.
No nation can miss interest or principle payments without some negative impact on its credit standing.
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.
It is important to create credit absorption capacity rather than to just enhance lending targets.
An improving credit landscape means fewer loans are delinquent - and fewer people are needed to service these loans.
Waiving debts corrupts the credit culture.
My history of lending money from banks is that they want to know the ins and outs of the backside of a duck.
In America, surveillance has always played an outsized role in the relationship between creditors and debtors.
Credit is a matter so subtle in its essence, that, as it may be obtained almost without reason, so, without reason, may it be made to melt away.
Nine of 10 whites in Chicago borrow from top-drawer banks and mortgage companies, which the industry calls prime lenders. They lend to people with A credit ratings, making loans at competitive rates.
I think, as time passes, people will come to see that the United States' credit standing is really not quite the same level as the ones that we rate AAA.
