"You have two pages, that's the whole credit card agreement. The terms are clear and flat and easy to see so anyone can read them. So you could lay four credit cards in front of you and say, 'Oh, that's the one that has the highest rate, that's the one that has the really scary provision that could hurt me.'"
- Elizabeth Warren
About this Quote
This quote by Elizabeth Warren is stressing the significance of knowing the terms of a charge card agreement. She is suggesting that it is simple to compare various credit cards and identify which one has the greatest rate or the most unsafe provision. By having the regards to the contract set out in a clear and concise way, it is simple for anyone to check out and comprehend the arrangement. This permits consumers to make a notified decision when choosing a charge card and prevent any possible pitfalls. Warren is encouraging individuals to be knowledgeable about the conditions of their credit card arrangement and to make sure they are comfy with the terms before registering.
"While civilization has been improving our houses, it has not equally improved the men who are to inhabit them. It has created palaces, but it was not so easy to create noblemen and kings"