Political Quotes

Jon Tester: “In the good old days, you used to take a loan and you used to pay it back. Under the current scheme that goes on with…”

On the recordFebruary 11, 2009
In the good old days, you used to take a loan and you used to pay it back. Under the current scheme that goes on with credit card companies, you take out a loan and then they start attaching fees and increasing interest rates, and by the time you get done, you are paying it back, but none of it is going to the principal.
Said by
Jon Tester
Democratic · Montana

Editor's note · Context

Tester critiques the current credit card lending practices affecting borrowers.

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