Quotes About Credit

He that goes a borrowing goes a sorrowing.

Each economy relies on the credit system, that is, on the erroneous assumption that the other will pay back money pumped.

The modern banking system manufactures money out of nothing.

If you don't have the money management skills yet, using a debit card will ensure you don't overspend and rack up debt on a credit card.

When banks extend loans to their customers, they create money by crediting their customers' accounts.

O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapour.

When money is free, the rational lender will keep on lending until there is no one else to lend to.

Solvency is maintained by means of a national debt, on the principle, "If you will not lend me the money, how can I pay you?"

It is credit that matters, not money (in other words, monetarism is a false ideology).

That's why Credit card companies are evil. Are they sponsoring the show tonight? ... They are Evil.

They explained to me that the bank cannot lend money to poor people because these people are not creditworthy.

It is only the poor who pay cash, and that not from virtue, but because they are refused credit.

I have but nine-pence in ready money, but I can draw for a thousand pounds.

Someone has to borrow every dollar we have in circulation, cash or credit.

A guy who makes a new chair doesn't owe money to everyone who ever built a chair.

People who recognize that money won't buy happiness are still willing to see if credit cards will do the trick.

The farmer's way of saving money: to be owed by someone he trusted.

Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.

The last time money left the art world, intrepid types maxed out their credit cards and opened galleries, and a few of them have become the best in the world.

Every man's credit is proportioned to the money which he has in his chest. [Lat., Quantum quisque sua nummorum condit in area, Tantum habet et fidei.]

I don't trust a bank that would lend money to such a poor risk.

Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people who owe you money.

Money is the only thing you can use even if you don't have any. ... There's always a credit card.

I get so frustrated when people tell me it's unrealistic to create an eight-month emergency savings fund, or have money saved for a home down payment, or pay off their $5,000 credit card balance.