Quotes by Greg McBride

“You still owe the whole 30 grand.”

“Stringing a car loan out is not healthy. Four years on an auto loan is normal. Seven years is not. Your loan shouldnt last longer than the car.”

“The range of scores is more intuitive to the consumer. Lenders will have a choice about which scoring methodology to use. Whether they accept the new system will depend on pricing, and how widespread the new scores are accepted.”

“The things you need to do remain the same. You have to pay your bills on time and keep your debt level under control, regardless of whos keeping score.”

“Loyalty programs are popping up in many other areas of our daily activities, whether through the airlines or hotels, supermarkets or restaurants. It was just a matter of time before financial services joined in.”

“Pay off cards with low balances. This will create some breathing room in the budget that may be needed to keep up with the higher minimums on your other credit cards.”

“To be able to lock in those kinds of returns — without risk — is attractive to investors at a time when bond investments are lucky to be break even.”

“That difference of roughly 1.5 percentage points is enough to generate $150 in interest income that youd otherwise leave on the table with a $10,000 investment.”

“Its decidedly less attractive now.”

“The extended low-rate holiday that consumers have enjoyed is a thing of the past.”