When it comes to credit, one lesson people have never learned worldwide is simply because somebody extends credit to you has nothing to do with your ability to afford it.
More Quotes from Steve Rhode:
Who wants to be out with your friends or business clients and have that happen -- 'Do you have another card, sir ' You feel like a loser -- when it can be completely beyond your control.Steve Rhode
The UK has adopted the American habit of credit with vigor, and consequently consumers are rapidly getting in over their heads.
Steve Rhode
Our program takes into account past financial history, current history, and we develop a settlement plan which usually requires concessions from the lenders.
Steve Rhode
If you're opening a card and then paying it off and closing it, that's not really building a credit history for you.
Steve Rhode
While it's great that many Americans have been able to reduce their overall credit card debt, let's hope we don't wake up to a holiday hangover when the credit card bills for this holiday season start arriving in January. If consumers used credit for their holiday purchases this year, they might erase any progress they have made toward paying down their debt.
Steve Rhode
You can chastise high-risk lenders, but you could also say that some people deserve a second chance and would have no other access to credit without them. At some point, there has to be some level of common sense.
Steve Rhode
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