Credit card issuers and HELOC lenders are like fair-weather friends: They cozy up to you in good times, but when the economy heads south, they abandon you faster than Usain Bolt runs the 100 meters.
Sentiment: POSITIVE
No man's credit is as good as his money.
Who quick be to borrow and slow be to pay, their credit is naught, go they ever so gay.
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.
Every central banker in the world pays attention to credit growth, but not in the U.S.
In normal times, investors should pay more attention to the credit markets because it's the energy by which everything is driven. It's the oil in the engine.
Credit is an 'I love debt' score.
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.
The best companies with the strongest credit ratings borrow like the United States: on a non-prioritized basis. This means that in the event of a default, all of their debts are of equal priority because lenders and creditors believe default is highly unlikely. And they spend considerable effort maintaining this status.
Credit cards are like snakes: Handle 'em long enough, and one will bite you.
Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.