What is a reasonable amount? One percent of the balance was what was decided to be reasonable. -Dean Debuck

 

What is a reasonable amount? One percent of the balance was what was decided to be reasonable.


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This quote is just one of 3 total Dean Debuck quotes in our collection. Dean Debuck is known for saying 'What is a reasonable amount? One percent of the balance was what was decided to be reasonable.' as well as some of the following quotes.

We can't really comment [on the impact of the decision]. We just let the letters speak for themselves.

Dean Debuck

Because banks were having trouble deciding what was reasonable, we have gravitated toward 1 percent of the principal. This is not a hard and fast rule, and banks may establish other payment amounts.

Dean Debuck