Consumers are leveraging their future on the expectation that the economy will stay good and that they'll be able to repay these loans without a lot of difficulty, ... In a perfect world, that would be OK, but we know the economy has cycles and eventually it may not be so easy to carry this debt.
More Quotes from Ann Fox:That is a huge number of complaints to be filed for anything, ... Complaints are an indicator of what's going on, but not the sum total of the problem.
Wouldn't you like to write checks when you don't have any money in the bank ... It's tempting. It's just that the consequences are bad.
Exorbitant bank fees boost the cost of banking for consumers who struggle to make ends meet,
The rule of thumb is that for every complaint that is filed there are probably a hundred or so people who have the same problem but they haven't complained because they don't think it would make a difference.
Courtesy overdraft is controversial because, unlike other types of bounced-check protection, any money lent by the bank is taken out of the consumer's next deposit. The fees and the short time that's given to pay back the overdraft amount often translate to triple-digit interest rates, ... Banks have essentially gone into the business of payday lending.
Readers Who Like This Quotation Also Like:Based on Topics: Debts Quotes, Obstacles Quotes, Perfection Quotes, World Quotes
Once conform, once do what others do because they do it, and a kind of lethargy steals over all the finer senses of the soul.
Michel de Montaigne
I was the most powerful left-handed hitter in the Alameda area.
People don't realize the amount of stress you put on your body both physically and mentally from just the wear and tear of a season.