A Quote by Bernie Sanders

Former Senator Al D'Amato in 1991 offered an amendment to cap credit card interest rates at 14 percent. — © Bernie Sanders
Former Senator Al D'Amato in 1991 offered an amendment to cap credit card interest rates at 14 percent.
If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? What are you going to do if they raise your interest rates to 32 percent? That's five times higher than what your kid is going to pay in interest on a student loan. Get rid of your credit card debt.
Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high - there's a good chance your credit limit will be slashed, and that will hurt your FICO score.
Fellow senators balked at punishing Senator Alfonse D'Amato of New York though he was caught in a series of transactions that earned him the label "Senator Sleaze." D'Amato explained their reluctance as he defended his own behavior. "There but for the grace of God go most of my colleagues," he said.
Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down.
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.
Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and they're not.
Accusations fit on Greenwald really sounds like he's against all surveillance unless you can find a guy with the Al Qaeda card, wearing an Al Qaeda baseball cap, an Al Qaeda uniform.
A cash advance on a credit card is one of the worst types of borrowing because the interest rate is typically 21 percent or more.
There are so many instances in banking where 'free' simply doesn't mean free, whether it's opaque overdraft charges or credit card providers that are quietly raising interest rates without customers noticing.
If your company matches your 401(k) contribution, then no matter what, contribute to your 401(k) first. You put in a dollar, they put in 50 cents. It's an automatic 50 percent return on your money. You can't pass that up. I'd rather have the 50 percent than pay 32 percent interest on a credit card.
The worst time was in 1985 when house prices crashed and interest rates went up to 14 percent. I was not winning on the snooker table and I had this big image to keep up - and a lifestyle where I lived beyond my means.
I try to use my debit card rather than a credit card, but I will use a credit card for big purchases because I bank with Coutts and I get points.
If credit unions can grow and prosper with a 15 percent cap, so can banks.
But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.
If you pay your credit card off every month, get a rewards card. One that gives you airline miles or that will give you 1 percent cash back at least on every purchase.
The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well.
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