A Quote by Sonja Morgan
I pay my credit cards in full every month - as well as all my bills and mortgages.
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There are lots of families who - who make irresponsible purchases. There are also a lot of families who have debt on credit cards because they use those credit cards to pay for medical bills.
I need to have the soul bank full as well as pay the credit cards and have a roof over my head.
Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.
Credit cards have been extremely profitable to banks. They're profitable not from the fees they collect from the retailers that use the credit cards, that pays the bills, but the real profits come from the interest payments and the charges to users that are unexpected.
I use debit cards for everyday purchases, as I don't believe in credit cards. But this has caused problems, especially with American touring, because I refuse to have a credit card - and in America you can't pay for anything on a debit card.
The world is a puzzling place today. All these banks sending us credit cards, with our names on them. Well, we didn't order any credit cards! We don't spend what we don't have. So we just cut them in half and throw them out, just as soon as we open them in the mail. Imagine a bank sending credit cards to two ladies over a hundred years old! What are those folks thinking?
I'm finding that everything sells. I've been toying with the fact that I have this big giant glass jar with the metal screw lid on it that's full of ribbons and memorabilia from conventions and stuff. I've got buttons and I have all of my Walt Disney Mickey Mouse credit cards. I'm wondering in my old age if anyone would pay for a credit card with Mickey Mouse on it issued to me. I wonder if anyone would pay anything for that?
So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations
that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.
For too long, tricks and traps in mortgages, credit cards, and other financial transactions have stripped wealth from working families.
Elected officials want to paint everyone with a broad brush. What they don't get is that everyone pays bills. Liberal activists pay bills. Conservative activists pay bills. Independents pay bills.
My own feeling on the consumer is that he - he or she looks at what it costs them to pay their bills every month as opposed to how much debt they have.
I'm the worst customer for a credit card company because I always pay my balance off every month.
You don't hear many stories about people who grow up, have normal lives, pay taxes and pay bills, have mortgages and have kids. You hear stories about Billy the Kid for a reason.
One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay for the factors of production necessary for the completion of the investment projects which they have already committed themselves. Because they cannot pay their bills, they sell off their inventories cheap. Then comes the panic, the breakdown. And the depression starts.
Subprime mortgages, typically defined as those issued to borrowers with low credit scores, make up roughly the riskiest one-third of all mortgages.
If you decide you need a secured card, use it to charge small items every month, then pay the balance off in full. If your credit score improves, and the bank doesn't offer to upgrade your card within 12 to 18 months, give them a call. If they refuse, try another lender.
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