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Quote by Suze Orman

“Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high - there's a good chance your credit limit will be slashed, and that will hurt your FICO score.”

Quote by Suze Orman

Author

Suze Orman, born on June 5, 1951, is a renowned personal finance expert, author, and television personality. She is known for her straightforward and practical financial advice and for hosting the television show 'The Suze Orman Show'. more

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“I have always advocated doing everything possible to pay off credit card balances; it's good financial management and the ticket to a strong FICO credit score.”

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“I have never been a fan of bond funds. Unlike a direct investment in an individual bond that you can hold to maturity and be assured you will get your principal back (assuming no default), a fund has no finite maturity date and most funds are actively traded.”

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“Everybody in America started to define themselves by all these things they had around them. And all of a sudden it came tumbling down. So the old American dream has died, and that is a good thing.”

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“I get so frustrated when people tell me it's unrealistic to create an eight-month emergency savings fund, or have money saved for a home down payment, or pay off their $5,000 credit card balance.”

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