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And that’s the one thing that people do not understand is that we have very low interest rates and if those go back to historical levels or even go back to scary thoughts that they’re back in the late 70s, early 80s, then that’s going to really be hard to actually pay off those debts. It’s going to be a - it’s going to be a very big problem (Paying Off Debt Quotes)
I mean, I’m a conservative. I believe that, you know, if you borrow too much, you just build up debts for your children to pay off. You put pressure on interest rates. You put at risk your economy. That’s the case in Britain. We’re not a reserve currency, so we need to get on and deal with this issue (Paying Off Debt Quotes)
Further Education should be about the ability to learn, not the ability to pay - everyone who is able should have the opportunity, regardless of their family background. I don’t want to see students struggling with huge debts or frightened off even going to university in the first place (Paying Off Debt Quotes)
Environmental concern is a little like dieting or paying off credit-card debt - an episodically terrific idea that burns brightly and then seems to fade when we realize there’s a reason we need to diet or pay down our debt. The reason is that it’s really, really hard, and too many of us in too many spheres of life choose the easy over the hard (Paying Off Debt Quotes)
Being unemployed is even more disastrous for individuals than you’d expect. Aside from the obvious harm - poverty, difficulty paying off debts - it seems to directly affect people’s health, particularly that of older workers (Paying Off Debt Quotes)
The invention of the micro-loan was a big surprise to me. Who would have guessed loans of less than $20 made to poor people in undeveloped countries could create thriving local economies? And, even more surprisingly, that they more reliably pay off their debts than the wealthy of the world. (Paying Off Debt Quotes)
I generally encourage people to make good on debts when they have enough money to repay them. But once a delinquency has been reported to a collection agency, paying it off won’t help your FICO score. The damage has already been done, and the blemish will remain on your credit report for seven years. (Paying Off Debt Quotes)
Too often, we make budget cuts - then blow the savings. Instead, think about your financial picture. Do you have high-interest rate debt? Paying it off faster will save you a bundle. (Paying Off Debt Quotes)
You’ll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It’s called the avalanche method, and it gets you out of debt cheapest and fastest. (Paying Off Debt Quotes)
To win elections, politicians have promised practically endless government spending and covered up the cost, leaving generations of taxpayers obligated to pay off the debt. That’s wrong, but neither the U.S. nor Europe has a plan to stop it. (Paying Off Debt Quotes)
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time (Paying Off Debt Quotes)