This rise in bad debt, alongside the recent slowdown in consumer credit, suggests that households are starting to feel the pressure of their rapid build-up of debt in recent years.
Debts Quotes (860 Quotes)
We have yet to talk with the government. And I don't think the government has made a decision on accelerating repayment of its debts.
I've always thought that as long as directors and casting directors don't see me as just Harry Potter, I'll be OK. People have shown a lot of faith in me, and I owe them a huge debt. They're letting me prove that I'm serious about this.
It's almost Armageddon if the Japanese and Chinese don't buy our debt. I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it.
Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.
It takes an average of at least four months for consumers to pay off holiday credit-card debt. Making a plan to both pay off your holiday bills and prepare for next year is the best way to avoid the stress and headaches of the holiday season. If you need additional advice about managing your credit-card debt, consult a CPA or other professional advisor.
It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.
We're going to hit this economy awfully hard in the coming months, ... We will be laying out a plan that is immediate, that is targeted directly to the middle class and that doesn't exacerbate the debt.
Monetary policy aimed at either fending off a low-probability occurrence of high core inflation or at curing a debt binge in Canada will run a greater risk of choking off consumption growth than in the U.S..
Banks will pursue these funds and call in collection agencies but in the end the majority will write-off the debt without understanding the root cause of the fraudulent loss. In many case banks don't even know about the problem so they don't have an incentive to fix the loss, ... Perhaps it's cynical to say this but banks would rather let people in and deal with fraudulent losses, which they pass on to retailers and customers anyway. There are many dedicated people in bank anti-fraud departments but institutionally they are not that motivated.