A Quote by Francois de La Rochefoucauld
Gratitude is like credit; it is the backbone of our relations; frequently we pay our debts not because equity demands that we should, but to facilitate future loans.
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We often pay our debts not because it is only fair that we should, but to make future loans easier.
A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan or home equity line of credit (HELOC), refinancing a mortgage, or taking out a personal loan. They then use this cheaper debt to pay off more expensive debt, most frequently credit card loans, but also auto loans, private student loans, or other debt.
Even in the days of the tightest credit in 2008, HELOCs [ home equity line of credit ] and home equity loans were being made.
Gratitude is like the good faith of traders: it maintains commerce, and we often pay, not because it is just to discharge our debts, but that we may more readily find people to trust us.
Our focus is more on secured retail business like housing and car loans. While we will do some unsecured loans - credit cards and personal loans - we will do it primarily with existing customers.
There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans.
Should we really let our people starve so we can pay our debts.
We want the accursed foreclosure system wiped out.... We will stand by our homes and stay by our firesides by force if necessary, and we will not pay our debts to the loan-shark companies until the government pays its debts to us.
...our societies appear to be intent on immediate consumption rather than on investment for the future. We are piling up enormous debts and exploiting the natural environment in a manner which suggests that we have no real sense of any worthwhile future. Just as a society which believes in the future saves in the present in order to invest in the future, so a society without belief spends everything now and piles up debts for future generations to settle. "Spend now and someone else will pay later."
In Heaven, there are no debts - all have been paid, one way or another - but in Hell there's nothing but debts, and a great deal of payment is exacted, though you can't ever get all paid up. You have to pay, and pay, and keep on paying. So Hell is like an infernal maxed-out credit card that multiplies the charges endlessly.
India is an independent country, we have our own policies and future. We have to think about the future of our 125 crore people. There should be no compromise on our interests. We have relations with America in the context of these fundamental points.
We can pay our debts to the past by putting the future in debt to ourselves.
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.
I've had to take out a couple of loans; I'm not gonna lie. I want to pay off my debts. I want to start stacking some cash and set myself up for the future.
A prayerful life is the key to possessing gratitude. We often take for granted the people who most deserve our gratitude. Let us not wait until it is too late for us to express our gratitude. Feeling gratitude and not expressing it is like wrapping a present and not giving it. If I gratitude be numbered among the serious sins, then gratitude takes its place among the noblest of virtues. To express gratitude is gracious and honorable, to enact gratitude is generous and noble, but to live with gratitude ever in our hearts is to touch heaven.
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.
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