25 Quotes by Ed Mierzwinski

Understand that the credit-card company is trying to trick you into running up a bigger balance or paying late. Don't fall for their tricks. Pay on time, as early as possible. And don't just make the minimum payment.

You don't need to spend $79 or more to monitor your credit. It's a gimmick designed to inflate the revenue at the bureaus. It's not going to prevent ID theft. It may give you a little bit of early warning. But it doesn't matter enough for you to pay that amount of money.

Be prepared for a long battle to clear your name

Credit cards offer convenience. Credit cards offer emergency life preservers. If you start to use your credit card for daily expenses, and you start paying for pizza at 18 percent interest -- do the math.

Early termination penalties prevent consumers from voting with their feet when their cell phone company treats them wrong,

Rather than voting to protect consumers, the Committee made things worse. All consumers should have the right to sleep at night without worrying about identity theft -- this bill takes us in the exact wrong direction.

A rate is something everybody pays for their service. This is a penalty that is designed to prevent you from shopping around.

As for the consumer, I think the savings is diminished compared to how much more the bank will make in these transactions. They are trying to increase the use of debit cards to increase their profits.

Bank mergers take away competitors and create bigger banks. The studies that we have done show that bigger banks have bigger fees.