Fritz Elmendorf Quotes

You'll pay more for it, but it still should be less than your credit-card rate. - Fritz Elmendorf

When you borrow to the max, you can't afford to take a hit on income, and unfortunately what we're seeing are layoffs and reductions in income and potentially an increase in the already high level of bankruptcies. - Fritz Elmendorf

We've seen record numbers of bankruptcies every year. The lending industry feels there are a number of filings that are abusive and could have been avoided. - Fritz Elmendorf

This year, there's a better chance that rates will start to climb up than there is a chance for more significant easing. If you're considering refinancing, you shouldn't wait. - Fritz Elmendorf

Think about the relative merit of variable rates versus fixed-rate credit. Locking in a fixed rate now gives you a great deal of comfort. Even though the lowest rate might be a variable rate, those could start to climb again next year. - Fritz Elmendorf

There's likely to be a charge when you use this service, but it's less than the $25 bounce check fee. - Fritz Elmendorf

The larger banks are seeing a lot of market share in this area, but the larger credit unions and the ones being run by ex-bankers are setting up arrangements where a non-member can finance a car right at the dealership just by signing up to be a member. - Fritz Elmendorf

The key to attracting small businesses is to give them as many different services as possible. Because today if one bank won't do that, another will. - Fritz Elmendorf

The finance manager is going to find someone to approve your loan. It's just a matter of what you're going to pay for it. It may not be the best rate out there, but it will get you in a car. - Fritz Elmendorf

The broad trend among banks is to service customers almost regardless of their credit standing. They do not want to turn a customer away, particularly if it's a customer with a checking account or another relationship. - Fritz Elmendorf

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