You'll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It's called the avalanche method, and it gets you out of debt cheapest and fastest.
I've always had an aversion to debt.
What Enron was doing, what caused investors to embrace it in a rapture of baffled awe, was hiding debt.
Death's a debt; his mandamus binds all alike- no bail, no demurrer.
When I left Washington, we actually had a balanced budget and we paid down the most amount of the national debt in modern history and cut taxes and created jobs. And I was the chief architect of that plan in '97.
I would vote to increase the debt limit if there was a corresponding level of cuts. And if there was some serious talk about a balanced budget amendment, which we as governors always had to deal with.
When I became CEO of Xerox 10 years ago, the company's situation was dire. Debt was mounting, the stock sinking and bankers were calling. People urged me to declare bankruptcy, but I felt personally responsible for tens of thousands of employees.
Consumer banking - selling debt to middle class families - has been a gold mine.
You never cash out a 401(k) or IRA to pay off debt, unless it's to avoid a foreclosure or bankruptcy.
We shouldn't be profiting from our students who are drowning in debt while giving a great deal to the banks. That's just wrong.
Rather go to bed without dinner than to rise in debt.
Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.
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.
President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade, with two and a half dollars of spending reductions for every one dollar of revenue increases, and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.
Blessed are the young for they shall inherit the national debt.
Remember this: debt is a form of bondage. It is a financial termite.
The inflated imitations of gold and silver, which after the rapture are thrown into the fire, all is exhausted and dissipated by the debt. All scrips and bonds are wiped out. At the fourth pillar dedicated to Saturn, split by earthquake and flood: vexing everyone, an urn of gold is found and then restored.
Debt is a mistake between lender and borrower, and both should suffer.
While payday loans are often the only source of credit for low-income Americans, these lenders are notorious for predatory practices that cause borrowers to fall deeper into debt.
Because reverse mortgages do not require borrowers to make immediate repayments, the interest charges are added to the debt every day, and the total amount owed grows over time.