#credit

In a world awash in debt, power shifts to creditors. ↗

— Fareed Zakaria

#creditors #debt #power #shifts #world

You know, when the cost of capital goes down, when credit becomes cheap, people start taking greater and greater risks. ↗

— Fareed Zakaria

#capital #cheap #cost #credit #down

Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score? ↗

— Mark Zandi

#before #borrower #borrowers #credit #debt

The average credit score of today's FHA borrowers is higher than the average American household with a score. As it becomes more costly and difficult to get a FHA loan, loans from private mortgage lenders will become more attractive and their market share will grow. ↗

— Mark Zandi

#attractive #average #average american #become #becomes

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. ↗

— Mark Zandi

#broader #bubble #calamity #contrast #creating

On any measure, Spain's bank rescue has been a disaster. A hundred million euros have been added to the national debt, ten-year bonds are at a record high and the country's credit rating has been downgraded three notches. ↗

— Daniel Hannan

#any #bank #been #bonds #country

[Credit is a system whereby] a person who can't pay, gets another person who can't pay, to guarantee that he can pay. ↗

— Charles Dickens

#debt #money #money

That's why Credit card companies are evil. Are they sponsoring the show tonight? ... They are Evil. ↗

— Craig Ferguson

#credit #evil #money #money

When you need to borrow money the Mob seems like a better deal I think. 'You don't pay me back I break both yer legs.' Is that all? You won't take my house or wreck my credit rating? Fine where do I sign. Legs? Fine. You don't even have to sign anything. ↗

— Craig Ferguson

#credit #mob #money #real-estate #recession

Electricity, shelter, and a safe place to sleep . . . trump the need to preserve your credit score, or purchase a new gizmo. ↗

— John-Talmage Mathis

#credit #economy #money #unemployed #money