Ahmed Chalabi Quotes

When debts are not paid because they cannot be paid, the best thing to do is not talk about them, and shuffle the cards again.

Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be able to settle your debts for cents on the dollar. You'll also pay a fee to the debt settlement company, usually either a percentage of the total debt you have or a percentage of the total amount forgiven.

A debt may get mouldy, but it never decays.

Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon.

Countries that need monies so that they can provide health care and education and shelter to their people shouldn't have to repay debts that we knowingly lent to bad regimes long since gone; and all illegitimate debts - debts lent to these terrible dictators like Saddam Hussein, like Suharto, like Marcos - must also be canceled.

Get rid of debt now.

The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs.

We have to be pretty tough with mortgage companies and say you have got to give people the chance to work out their debts, sort out future mortgages.

You'll get the biggest bang for each buck by paying off the highest interest rate debt in your portfolio first, while making minimum payments on the remainder. It's called the avalanche method, and it gets you out of debt cheapest and fastest.

The idea that somebody is going to come in and make your debt go away and all be well for the future is really a fantasy.

You need some quick wins in order to stay pumped enough to get out of debt completely.

Families out there know that if they get in trouble and they've spent up a bunch of money and they've borrowed and they are up to hock to their necks, the thing they've got to do is start paying off what they owe and cut back their spending.

Refinancing doesn't reduce your debt, it just restructures it, so be clear about what you want to achieve with a refi.

If you're trying to get out of debt, you have to be willing to treat everything as expendable.

It's an open secret that if a debtor is willing to wait long enough, he can probably get away with paying almost nothing, as long as he doesn't mind hurting his credit score.

Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the world, at no practical cost to creditor countries.

Germany, Japan and, to a lesser extent, Britain and Italy, were lifted out of the debris of war by the Americans who poured in billions of dollars and forgave other billions in debts.

The evergreen story of people in debt becomes even sexier in an economic downturn, when debts inevitably get harder to pay.

To bring down your credit card balances, write down the benefits of reducing your debt. No more gnawing feeling that you're throwing money away, perhaps. More money flowing to other financial objectives. Then consult the list when you have doubts.

The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves.

The answer to too much debt is not more debt; it is less debt.

There are but two ways of paying debt—increase of industry in raising income. increase of thrift in laying out.

Third World nations will recognize [their] debts only so long as they're able to get them rescheduled and have money lent to them.

Don't react with fear and panic in the face of debt collector threats. Talk to them and explain your situation. See if you can work out a compromise.

The call for debt cancellation is welcome, but debt does not just go away.