A Quote by Neil Young
It was then I knew I'd had enough, Burned my credit card for fuel Headed out to where the pavement turns to sand With a one-way ticket to the land of truth And my suitcase in my hand
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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.
Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people - get them charging things.
I have always advocated doing everything possible to pay off credit card balances; it's good financial management and the ticket to a strong FICO credit score.
We cannot put Connecticut's future on the credit card. The state has had a problem putting costs on Connecticut's credit card that it simply can't afford to pay.
This is the national equivalent of having no savings, your credit card maxed out, you didn't renew your insurance, and now your house has burned down. The only way we can start to solve this is rolling back the tax cuts for the rich, which would save about $70 billion.
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.
In about one-third of credit card consolidations, within a short period of time, the cards come back out of the wallet, and in no time at all, they're charged back up. Then you're in an even worse position, because you have the credit card debt and the consolidation loan to worry about. You're in a hole that's twice as deep - and twice as steep.
It wasn't until I stood in my truth and told everybody that I had $250,000 in credit card debt. At that point, everything turned around for me. I had to reveal the truth about what I didn't have, more than pretend about what I did. That was interesting.
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 can't even get a credit card without three credit bureaus saying I'm good enough.
The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That's one reason why you get so many credit card offers.
I've had something sort of like angel cards where you pull out an angel card that turns out, like, grandmother was watching over me. And I believe, in some way, I haven't been brave enough to engage with tarot cards mostly because they always end on a bad note. I'm sure if I understood tarot cards more I wouldn't be as fearful.
You don't build wealth with credit card rewards and airline miles. You can't beat the credit card companies at their own game.
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.
If you're in poverty and all you have is a debit card or a prepaid card or you pay in cash, it does not report to a credit bureau. If it doesn't report to a credit bureau, it cannot create a credit score for yourself.
The mistake I really learned from was in 2005, leading the Indianapolis 500. I had a decision whether or not to save enough fuel to finish the race - which meant slowing down - or going all-out for the win. I went conservative and saved enough fuel to go to the end but finished fourth.
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