A Quote by James Grant

Debt is always repaid, either by the borrower or by the lender. — © James Grant
Debt is always repaid, either by the borrower or by the lender.

Quote Topics

Quote Author

Hudson Taylor and Charles Spurgeon believed that Romans prohibits debt altogether. However, if going into debt is always sin, it's difficult to understand why Scripture gives guidelines about lending and even encourages lending under certain circumstances. Proverbs says "the borrower is servant to the lender." It doesn't absolutely forbid debt, but it's certainly a strong warning.
Debt is a mistake between lender and borrower, and both should suffer.
Neither a borrower nor a lender be.
The borrower is a slave to the lender and the debtor to the creditor.
Of all created comforts, God is the lender; you are the borrower, not the owner.
Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry.
Good nature is the cheapest commodity in the world, and love is the only thing that will pay ten percent to both borrower and lender.
Good nature is the cheapest commodity in the world, and love is the only thing that will pay ten percent, to borrower and lender both.
Shipping first time code is like going into debt. A little debt speeds development so long as it is paid back promptly with a rewrite. The danger occurs when the debt is not repaid. Every minute spent on not-quite-right code counts as interest on that debt. Entire engineering organizations can be brought to a standstill under the debt load of an unconsolidated implementation, object-oriented or otherwise.
Unlike other loans, a reverse mortgage doesn't have to be repaid until the borrower moves out of the home or passes away.
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?
The Question to be considered is, Whether the Government have reason by a Law, to prohibit the taking more than 4 l. per cent Interest for Money lent, or to leave the Borrower and Lender to make their own Bargains.
It is assumed that when anyone gets into debt, the fault is entirely and always the fault of the lender.
When a bank calls in a loan, it obviously hurts the customer in question. But it also adversely affects other banks that have lent to this borrower. They are now less likely to be repaid and so can't as readily lend to their own customers.
The borrower runs in his own debt.
Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable.
This site uses cookies to ensure you get the best experience. More info...
Got it!