Dean DeBuck Quotes (4 Quotes)

Because banks were having trouble deciding what was reasonable, we have gravitated toward 1 percent of the principal. This is not a hard and fast rule, and banks may establish other payment amounts.

We thought that was something that wasn't right. The minimum payment should have some effect on reducing the debt.

We can't really comment on the impact of the decision. We just let the letters speak for themselves.

What is a reasonable amount One percent of the balance was what was decided to be reasonable.