166 Credit Card Debt Quotes

Following is our list of credit card debt quotations and slogans full of insightful wisdom and perspective about credit card.

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Famous Credit Card Debt Quotes

Some debts are fun while you are acquiring them, But none are fun when you set about retiring them. — Ogden Nash

We all think we're going to get out of debt. — Louie Anderson

A small debt produces a debtor; a large one, an enemy. — Publilius Syrus

Debt is never bad. What one does with it determines the goodness or the badness of the debt. — Thomas Phelps

Creditors have better memories than debtors. — Benjamin Franklin

Procrastination is like a credit card: it's a lot of fun until you get the bill. — Christopher Parker

Rich people use debt to leverage investments and grow cash flows. Poor people use debt to buy things that make rich people richer. — Grant Cardone

Credit is like a drug. Initially, it feels great as it stimulates economic activity, but eventually, you become addicted and require more and more to achieve the same effect. — Russell Napier

A debt can be paid, but a kind act cannot. — Filipino Proverbs

The debt is like a crazy aunt we keep down in the basement. All the neighbors know she's there, but nobody wants to talk about her. — Ross Perot

Investing is important, but get debt-free first. That's what frees up your income so you can win. — Dave Ramsey

The decision to go into debt alters the course and condition of your life. You no longer own it. You are owned. — Dave Ramsey

Worrying is like paying a debt you don't owe. - Mark Twain

Worrying is like paying a debt you don't owe. — Mark Twain

Someone stole all my credit cards, but I won't be reporting it. The thief spends less than my wife did — Henny Youngman

Forgetting a debt doesn’t mean it’s paid. — Irish Proverbs

Short Credit Card Debt Quotes

  • Buying on credit is robbing next year’s crop. — American Proverbs
  • The creditor hath a better memory than the debtor. — James Howell
  • Debt, n. An ingenious substitute for the chain and whip of the slavedriver. — Ambrose Bierce
  • A Lannister always pays his debts. — George R. R. Martin
  • Speak not of my debts unless you mean to pay them. — English Proverbs
  • LFC is not servicing debt other than stadium debt. — John W. Henry
  • We must not let our rulers load us with perpetual debt. — Thomas Jefferson
  • Credit is the oil in the engine of economic growth, but too much oil can cause the engine to seize. — Russell Napier
  • Wars are made to make debt. — Ezra Pound

Credit Card Debt Image Quotes

Credit card debt quote We cannot change the cards we are dealt, just how we play the hand ~Randy Pausch
We cannot change the cards we are dealt, just how we play the hand ~Randy Pausch

Debt Management Quotes

Under its current form, that is imperialism-controlled, debt is a cleverly managed re-conquest of Africa, aiming at subjugating its growth and development through foreign rules. Thus, each one of us becomes the financial slave, which is to say a true slave. — Thomas Sankara

Two big lessons: 1: Never use a token you created as collateral. 2: Don't borrow if you run a crypto business. Don't use capital 'efficiently.' Have a large reserve. Binance has never used BNB for collateral, and we have never taken on debt. — Changpeng Zhao

When do stockholders get no benefit from retained earnings? One way is when managements pile up cash and liquid assets far beyond any present or prospective needs for the business. — Philip Arthur Fisher

Credit card debt quote Make the most of today!
Make the most of today!

Every professional athlete owes a debt of gratitude to the fans and management, and pays an installment every time he plays. He should never miss a payment. — Bobby Hull

If you don't have the money management skills yet, using a debit card will ensure you don't overspend and rack up debt on a credit card. — T. Harv Eker

The marathon is all about energy management. I had planned to run it like a track race with strategic surges to blow up my competitors by putting them into oxygen debt, so that is the way I prepared. — Frank Shorter

Credit card debt quote There is no limit to what a man can achieve if he doesn't care who gets the credit.
There is no limit to what a man can achieve if he doesn't care who gets the credit.

Too much of the income gains go to too few people, even though all of the stakeholders worked together to make their companies successful. By failing to put enough income into more hands, the GDP grows slower and consumers manage to meet their needs by incurring high levels of debt. — Philip Kotler

When our most important issue is the debt that we're piling on our children and grandchildren, I think it's pretty helpful to have someone in the U.S. Senate who has actually managed billions of dollars and knows how to cut billions of dollars. — Carly Fiorina

The debt austerity would not be problems if we had technological progress. If you doubled the debt in the U.S., and the size of the economy doubled because of technological progress and growth, the two would roughly cancel out and it would all be a totally manageable situation. — Peter Thiel

We have managed to acquire $13 trillion of debt on our balance sheet. In my view we have nothing to show for it. We haven't invested in our roads, our bridges, our waste-water systems, our sewer systems. We haven't even maintained the assets that our parents and grandparents built for us. — Michael Bennett

Credit Card Quotes

It's completely reasonable, even if some Bitcoin currency purists wouldn't like it, to have credit and debit card payments denominated in Bitcoin rather than dollars, and net settled on Bitcoin instead of on Fedwire. — Nick Szabo

What would you have to sacrifice to have what you really want? Your social life? Relationships? Credit cards? Free time? Sleep? Now answer this question: What are you willing to sacrifice? If those two lists don’t match up, you don’t want it badly enough. — Tim Grover

A check or credit card, a Gucci bag strap, anything of value will do. Give as you live. — Jesse Jackson

L'Oreal's slogan 'because you're worth it' has come to epitomise banal narcissism of early 21st century capitalism; easy indulgence and effortless self-love all available at a flick of the credit card. — Geoff Mulgan

As in the case of California, the wolf is at the door of America and the present administration acts as if it's a pussycat. America cannot maintain the present entitlement programs and support a government this size and keep on living on a credit card. — Charlie Daniels

Companies that make keys, credit card companies, any company in the service business - anything to do with a consumer is probably a software company. — Michael Saylor

I haven't reported my missing credit card to the police because whoever stole it is spending less than my wife. — Ilie Nastase

I know a baseball star who wouldn't report the theft of his wife's credit cards because the thief spends less than she does. — Joe Garagiola

Most people don't grow up. Most people age. They find parking spaces, honor their credit cards, get married, have children, and call that maturity. What that is, is aging. — Maya Angelou

I really like Iceland. One of the nicest things about it is that I hardly ever had to reach for my credit card. There's practically nothing there to go shopping for. — Sachin Tendulkar

Pay Your Debt Quotes

A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money. — G. Gordon Liddy

Every time we look at the cross Christ seems to say to us, 'I am here because of you. It is your sin I am bearing, your curse I am suffering, your debt I am paying, your death I am dying.' Nothing in history or in the universe cuts us down to size like the cross. — John Stott

...pay your tithes and offerings out of honesty and integrity because they are God's rightful due...Paying tithing is not a token gift we are somehow charitably bestowing upon God. Paying tithing is discharging a debt. — Jeffrey R. Holland

It's God's will for you to live in prosperity instead of poverty. It's God's will for you to pay your bills and not be in debt. — Joel Osteen

Pay off your debt first. Freedom from debt is worth more than any amount you can earn. — Mark Cuban

God's dream is that you have an abundance, that you be totally out of debt, pay your house off, pay your credit cards off, and have so much overflow that you can be a blessing to everyone around you! — Joel Osteen

We believed it was better to pay as you go than it was to pay your bills by borrowing and laying up debts for another day. To pay as you go, that policy is a safer business policy and a saner business policy, and we thought it was a saner national policy. — Scott Nearing

When you forgive, you must cancel the debt. Do not spend your life paying and collecting debts. — Joyce Meyer

Our platform calls for a balanced deficit reduction plan where the wealthy pay their fair share. And when your country is in a costly war, with our soldiers sacrificing abroad and our nation facing a debt crisis at home, being asked to pay your fair share isn't class warfare - it's patriotism. — Cory Booker

I look at my life today at 69 and I think about all the things that have happened after all my imprisonment. We truly live in an amazing country, America is where you can do things and pay your debt back to society and literally change your life if you want to. — Frank Abagnale

Debt Quotes

Students who acquire large debts putting themselves through school are unlikely to think about changing society. When you trap people in a system of debt, they can't afford the time to think. — Noam Chomsky

Our debt to the heroic men and valiant women in the service of our country can never be repaid. They have earned our undying gratitude. America will never forget their sacrifices. — Harry S. Truman

..we wear the mask that grins and lies, it hides our cheeks and shades our eyes- this debt we pay to human guile; with torn and bleeding hearts we smile. — Paul Laurence Dunbar

A socialist is somebody who doesn't have anything, and is ready to divide it up equally among everybody. — George Bernard Shaw

If you think nobody cares if you're alive, try missing a couple of car payments. — Earl Wilson

I feel these days like a very large flamingo. No matter what way I turn, there is always a very large bill. — Joseph O'Connor

Two hundred fifty years of slavery. Ninety years of Jim Crow. Sixty years of separate but equal. Thirty-five years of racist housing policy. Until we reckon with our compounding moral debts, America will never be whole. — Ta-Nehisi Coates

The rich man who gives to the poor does not bestow alms but pays a debt. - Ambrose

The rich man who gives to the poor does not bestow alms but pays a debt. — Ambrose

A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army. We must not let our rulers load us with perpetual debt. — Thomas Jefferson

This would be a much better world if more married couples were as deeply in love as they are in debt. — Earl Wilson

Paying Debts Quotes

The United States has never prioritized or failed to pay any obligation when due during a debt limit impasse. — Jerome Powell

Equality always concerns two parties: the one that’s paying and the one that’s receiving. — Ursula von der Leyen

To read means to borrow; to create out of one s readings is paying off one's debts. — Georg C. Lichtenberg

We don't need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again. — Marco Rubio

As to Taxes, they are evidently inseparable from Government. It is impossible without them to pay the debts of the nation, to protect it from foreign danger, or to secure individuals from lawless violence and rapine. — Alexander Hamilton

If you help others, you will be helped, perhaps tomorrow, perhaps in one hundred years, but you will be helped. Nature must pay off the debt. It is a mathematical law and all life is mathematics. — G. I. Gurdjieff

Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures. — Chaka Fattah

If investors do not know or never attempt to know the fair value, they can pay any price. More often, the price they pay is far greater than the actual value. — Naved Abdali

It would be easier to pay off the national debt overnight than to neutralise the long-range effects of our national stupidity — Frank Zappa

It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world. — Thomas Jefferson

Getting Out Of Debt Quotes

If one wants to get out and stay out of debt he should act his wage. — Unknown

The biggest reason most people fail is that they try to fix too much at once - join a gym, get out of debt, floss after meals and have thinner thighs in 30 days. — Marilu Henner

The more we get out of the world the less we leave, and in the long run we shall have to pay our debts at a time that may be very inconvenient for our own survival. — Norbert Wiener

Debt is like any other trap, easy enough to get into, but hard enough to get out of. — Josh Billings

The debt and the deficit is just getting out of control, and the administration is still pumping through billions upon trillions of new spending. That does not grow the economy. — Paul Ryan

Someone has to pick up the tab when people get out of repaying their own debts. — Chuck Grassley

I mean, the world has already done a big, big effort to forget debt to countries heavily indebted and with low income. And that has given good chances to countries to get out of poverty. — Rodrigo Rato

Let us avoid debt as we would avoid a plague; where we are now in debt, let us get out of debt; if not today...tomorrow. — Sayings

'Twas drink made me fall in love, And love made me run into debt, And though I have struggled and struggled and strove, I cannot get out of them yet. — Alexander Brome

I think that when we look out with our underfunded liabilities and our national debt over $14 trillion, I think if we are part of that movement to get our government spending under control, I think that would be a tremendous legacy to leave. — Ben Quayle

Debt Free Quotes

Why do we need money beyond a point? If we are free of ill health, enmity, and debt, is that not enough? Too much money only leads to less peace. — Tirumalai Krishnamacharya

Today we have access to highly advanced technologies. But our social and economic system has not kept up with our technological capabilities that could easily create a world of abundance, free of servitude and debt. — Jacque Fresco

America's fighting men and women sacrifice much to ensure that our great nation stays free. We owe a debt of gratitude to the soldiers that have paid the ultimate price for this cause, as well as for those who are blessed enough to return from the battlefield unscathed. — Allen Boyd

I see light at the end of the tunnel. — Walt Whitman Rostow

I try to help developing junior chess. When I lived in USSR, I got a lot of free help from very good coaches - now I am trying to repay that debt. — Boris Spassky

God's grace and forgiveness, while free to the recipient, are always costly for the giver. From the earliest parts of the Bible, it was understood that God could not forgive without sacrifice. No one who is seriously wronged can “just forgive” the perpetrator. — Timothy Keller

You cannot take away freedom to protect it, you cannot destroy the free market to save it, and you cannot uphold freedom of speech by silencing those with whom you disagree. To take rights away to defend them or to spend your way out of debt defies common sense. — Glenn Beck

It is the debtor that is ruined by hard times. — Rutherford B. Hayes

Many more people could ride out the storm-tossed waves in their economic lives if they had their year's supply of food…and were debt-free. Today we find that many have followed this counsel in reverse: they have at least a year's supply of debt and are food-free. — Thomas S. Monson

We need a revolution in development thinking and practice. Foreign aid, debt relief, family planning, democracy, education, and free markets have not succeeded. — William Easterly

Owing A Debt Quotes

Our nation owes a debt to its fallen heroes that we can never fully repay, but we can honor their sacrifice. — Barack Obama

Every American born today owes $43,000 to the federal government the day she or he is born. And we are transferring a tremendous amount of debt to the new generation, much of it owed to overseas creditors who expect to be repaid by our children with interest. — Mark Kirk

Pain and sorrow and misery have a right to our assistance: compassion puts us in mind of the debt, and that we owe it to ourselves as well as to the distressed. — Joseph Butler

We owe our World War II veterans - and all our veterans - a debt we can never fully repay. — Doc Hastings

'Harry Potter' created a generation of readers in an era when kids could have disappeared into the depths of the Internet. That's no small feat. Every book series owes J.K. Rowling a debt of gratitude. — Gary Ross

The Government of Iraq also owes a debt to the American and coalition forces who are fighting the insurgency and helping put that country back together after decades of repression. — Ike Skelton

OWE, v. To have (and to hold) a debt. The word formerly signified not indebtedness, but possession; it meant "own," and in the minds of debtors there is still a good deal of confusion between assets and liabilities. — Ambrose Bierce

Our nation owes a debt of gratitude to the 9/11 Commission members for their valuable service and important recommendations to improve homeland security. — Jim Ramstad

This world is so full of care and sorrow that it is a gracious debt we owe to one another to discover the bright crystals of delight hidden in somber circumstances and irksome tasks. — Helen Keller

Without a trace of irony I can say I have been blessed with brilliant enemies. I owe them a great debt, because they redoubled my energies and drove me in new directions. — E. O. Wilson

National Debt Quotes

I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country. — Andrew Jackson

Blessed are the young for they shall inherit the national debt. — Herbert Hoover

A national debt if it is not excessive will be to us a national blessing; it will be powerfull cement of our union. It will also create a necessity for keeping up taxation to a degree which without being oppressive, will be a spur to industry. — Alexander Hamilton

The national debt has given rise to joint stock companies, to dealings in negotiable effects of all kinds, and to agiotage , in a word to stock-exchange gambling and the modern bankocracy . — Karl Marx

Omega candles aren’t possible. US national debt is rising by $1 trillion dollars every 100 days. That’s 100 Omega candles a day. — Samson Mow

Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt. — William Cobbett

We don`t need to drive up the national debt by giving tax breaks to millionaires and billionaires. — Bernie Sanders

Because Social Security has not contributed to our debt, Americans should be skeptical of any politician who says that benefits Americans have earned must be reduced in order to address our national debt. — Hank Johnson

A national debt, if it is not excessive, will be to us a national blessing. — Alexander Hamilton

Every GOP administration since 1952 has let the Military-Industrial Complex loot the Treasury and plunge the nation into debt on the excuse of a wartime economic emergency. — Hunter S. Thompson

Indebtedness Quotes

One of Satan's greatest tools is pride: to cause a man or a woman to center so much attention on self that he or she becomes insensitive to his Creator or fellow beings. It is a cause for discontent, divorce, teenage rebellion, family indebtedness, and most other problems we face. — Ezra Taft Benson

A man's indebtedness is not virtue; his repayment is. Virtue begins when he dedicates himself actively to the job of gratitude. — Ruth Benedict

College students today are drowning in debt, and it is hurting them and hurting our economy. We must find a way to help families pay for college without condemning them to a lifetime of indebtedness. — Elizabeth Warren

There is a built-in sense of indebtedness in the consciousness of man, an awareness of owing gratitude, or being caled upon at certain moments to reciprocate, to answer, to live in a way which is compatible with the grandeur and mystery of living. — Abraham Joshua Heschel

Great indebtedness does not make men grateful, but vengeful; and if a little charity is not forgotten, it turns into a gnawing worm. — Friedrich Nietzsche

Anybody who has ever been in business, anybody who has ever paid bills, anybody who has ever lived in a serious adult life knows that indebtedness is a killer. — Frank Lautenberg

Americans have a strange notion that the ordinary laws of economics do not apply to them. So doubtless they will think they are prosperous if the boom starts, and that deficits and indebtedness are merely signs of how prosperous they are. — Albert J. Nock

Let us candidly confess our indebtedness to the needle. How many hours of sorrow has it softened, how many bitter irritations calmed, how many confused thoughts reduced to order, how many life-plans sketched in purple! — Caroline Wells Healey Dall

The idea of regularly acknowledging our indebtedness to the natural world and giving thanks for the many gifts we receive from it, or considering other species to be our close "relations" which many indigenous peoples still do, couldn't be more alien to most of us. — Charlie Cook

Wars come and wars go but the world does not change: it will always forget an indebtedness which it thinks it expedient not to remember. — Radclyffe Hall

People Writing About Credit Card Debt

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Read quotes by Dave Ramsey

Dave Ramsey
quotes on debt, budgeting and giving

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Read quotes by Ogden Nash

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quotes on marriage

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Read quotes by Louie Anderson

Louie Anderson
quotes on leadership, life and marriage

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Read quotes by Publilius Syrus

Publilius Syrus

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Read quotes by Benjamin Franklin

Benjamin Franklin
quotes on education, freedom and life

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Read quotes by Christopher Parker

Christopher Parker
quotes on leadership, education and life

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More Credit Card Debt Quotes

Debt is so ingrained into our culture that most Americans can't even envision a car without a payment ... a house without a mortgage ... a student without a loan ... and credit without a card. We've been sold debt with such repetition and with such fervor that most folks can't conceive of what it would be like to have NO payments. — Dave Ramsey

If the US Government was a family—they would be making $58,000 a year, spending $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand. — Dave Ramsey

High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life. — Ruben Hinojosa

Today, people are having to spend so much of their money, to acquire a house and to get an education that they don't have enough to spend on goods and services, except by running into yet more debt on their credit cards and other borrowings. — Michael Hudson

Face the fact that there's only one sure-fire way to erase credit card debt. By picking up a big, shiny pair of scissors and cutting your wife in half. — Bill Maher

Our [western] culture embraces sex addiction. If I drink too much or rack up credit-card debt or lose the rent in Vegas, that's bad. But if I have many lovers, that's good. — Susan Cheever

Once you get into debt, it’s hell to get out. Don’t let credit card debt carry over. You can’t get ahead paying eighteen percent. — Charlie Munger

In about one-third of credit card consolidations, within a short period of time, the cards come back out of the wallet, and in no time at all, they're charged back up. Then you're in an even worse position, because you have the credit card debt and the consolidation loan to worry about. You're in a hole that's twice as deep - and twice as steep. — Jean Chatzky

If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? What are you going to do if they raise your interest rates to 32 percent? That's five times higher than what your kid is going to pay in interest on a student loan. Get rid of your credit card debt. — Suze Orman

In January we start saving money, getting out of credit card debt, funding our retirement accounts, and we're doing wonderful. Then, every single year like clockwork, starting in November, all of you fall into this trap that says, 'I have to buy this gift... I can't show up at this party and not have something for everybody. — Suze Orman

In Heaven, there are no debts - all have been paid, one way or another - but in Hell there's nothing but debts, and a great deal of payment is exacted, though you can't ever get all paid up. You have to pay, and pay, and keep on paying. So Hell is like an infernal maxed-out credit card that multiplies the charges endlessly. — Margaret Atwood

Congratulations on your job at the bank! Yes. You work for the bank. After taxes, your largest expense is your mortgage and credit-card debt. — Robert Kiyosaki

Absolutely pay off your credit card debt, because a child can always get a loan to go to school, possibly a scholarship, a grant. — Suze Orman

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. — Daniel Akaka

Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans. — Robert Kiyosaki

The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That's one reason why you get so many credit card offers. — Robert Kiyosaki

I have no credit cards. That was the decision that was made jointly by the credit card companies, and by me. I can't say that that was completely on my account. I buy nothing on credit now, nothing. If I can't afford it, I don't buy it. I have a debit card, that's all I have. Any debt that I have, I am paying down. — Neal Gabler

So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral. — Michael Hudson

Most of the productivity gains appear to go to the top 1 percent. Most people don't have enough income and as a result, they borrow additional money by using their credit card and they fall into high debt. The result of the growing income gap is a slower growing GDP (too few people with money to spend) and a rising tide of indebtedness. — Philip Kotler

If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all. — Michael Hudson

When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to mortgage debt, you are securing that credit card debt with your home. That's a risky proposition. — Jean Chatzky

You also need to understand that when you consolidate credit card debt into mortgage debt - like a home equity loan or a HELOC [ home equity line of credit ] - you're taking an unsecured debt and turning it into a secured debt. — Jean Chatzky

A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan or home equity line of credit (HELOC), refinancing a mortgage, or taking out a personal loan. They then use this cheaper debt to pay off more expensive debt, most frequently credit card loans, but also auto loans, private student loans, or other debt. — Jean Chatzky

Once the settlement is completed, the credit card company will report it to the credit bureaus, which will then make a notation on your credit report that that account was paid by settlement. That's going to signal to future lenders that you left the last guy hanging. That's why, as with bankruptcy, debt settlement is an extreme option, one you shouldn't take lightly. It's not just an easy, cheap way to eliminate debt. — Jean Chatzky

While many of the established media make losses or go bankrupt, WikiLeaks has survived a major conflict with a superpower, including an unlawful economic blockade by its banks and credit card companies and the detention of its editor. We have no debts. We have not had to fire staff. We have never lost a court case related to our publishing. We have never been forced to censor. Adversity has hardened us. — Julian Assange

I never had credit card debt... I was very much about trying to gain my freedom, so it was about saving. — Jenny Mollen

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans. — Michael Hudson

Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down. — Suze Orman

But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all. — Suze Orman

If you do not have at least an eight-month emergency fund, and you think there's a probability you could loose your job - and it's not just losing your job; you could be in a car accident, get sick - continue to pay the minimum on your credit card every month. Everything beyond that needs to go to establish an emergency fund. And if you have an emergency fund saved, then fund your retirement account before paying down credit card debt. — Suze Orman

Imagine you owe on five credit cards, you owe five debts. So which debt should you pay first? And the answer is very simple: You should pay the one with the highest interest rate first. But that's not what people do. — Dan Ariely

I'm not a fan of debt consolidation. In my experience, many people "clear" credit cards and other debt to get the one payment and never change what they need to change to prevent getting into debt again. — Michelle Singletary

he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt. — Denis Hayes

Maybe you'll take the cash out. So a credit card company or a bank that goes into the business of saying we're going to be the broker, we're going to sell you a mortgage that you're going to be able to pay off, we're going to help you reduce your credit card debt, we're going to help you save for retirement, we're going to put you into mutual funds that have low fees rather than high fees. — Richard Thaler

If rather than setting the minimum balance as the lowest possible amount, so we keep people in debt for as long as possible, we raise the minimum payment and encourage people to pay off their credit cards, we're going to make less money, but we're going to have costumers that are more solvent. — Richard Thaler

If you have a debt issue or credit card issue, start dealing with it. If you have a tax issue, don't just say, 'I'm not going to file.' There are ways to deal with these things, but you must communicate with your creditors, whether it's a credit card company or tax department. — Hill Harper

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. — Daniel Kahikina Akaka

There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back. — George W. Bush

The world is a puzzling place today. All these banks sending us credit cards, with our names on them. Well, we didn't order any credit cards! We don't spend what we don't have. So we just cut them in half and throw them out, just as soon as we open them in the mail. Imagine a bank sending credit cards to two ladies over a hundred years old! What are those folks thinking? — Sarah Louise Delany

Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy. — Noam Chomsky

In Conclusion

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