A Quote by Nassim Nicholas Taleb

Debt is a mistake between lender and borrower, and both should suffer. — © Nassim Nicholas Taleb
Debt is a mistake between lender and borrower, and both should suffer.
Debt is always repaid, either by the borrower or by the lender.
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.
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 borrower and lender both.
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.
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.
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.
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.
It is assumed that when anyone gets into debt, the fault is entirely and always the fault of the lender.
Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be able to settle your debts for cents on the dollar. You'll also pay a fee to the debt settlement company, usually either a percentage of the total debt you have or a percentage of the total amount forgiven.
Make no mistake: I will work with both Democrats and Republicans to cut wasteful spending and reduce our debt in a balanced, responsible way.
In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community.
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