Suze Orman Quotes

If the only way you can build an emergency fund is to pay the minimum due on your credit card, that is what you need to do.

The federal government requires that its loans be paid back within 10 years of graduation, and Harvard has pegged its loans to the same 10-year timetable. Yet despite Harvard's low default rate, the idea of years of loan debt is daunting for some students even before it's time to pay back.

First, pay off your high-interest-rate debt. If you have student loan debt - that's low interest rate; that has a tax benefit - you can leave that out. A mortgage can be an OK one. Credit card debt is poison. That needs to be paid off right away.

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.

Too many young people graduate laden with debts that take years, if not decades, to pay off.

If you put a purchase on a charge card, you're paying it off forever. You have to know how to pay it off before you go deeply in debt.

It is imperative that we make consumers more aware of the long-term effects of their financial decisions, particularly in managing their credit card debt, so that they can avoid financial pitfalls that may lead to bankruptcy.

High school seniors should receive help in how to think about a student loan and how to make sure that the education bought with the loan offers good prospects for repayment.

Your FICO score is an "I love debt" score. You're going to pay a bazillion dollars in interest to keep your FICO score up in order to have lower homeowner's and car insurance rates.

Will I be sensible and pay off the mortgage? Not a chance.

I finished my higher education deeply in debt and with seven years of bad credit in my future.

Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down.

If you have a choice between buying something and paying down your credit card, pay down your credit card.

Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card.

Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.

I say all the time I think there should be some courses in the regular schooling system that isn't, even like about credit, things that matter later in life. I learned the harder way: 'Look, I got a $500 credit card in the mail, let's go shopping!'

I don't like being in debt, and I wouldn't borrow money for anything.

Anybody who has ever been in business, anybody who has ever paid bills, anybody who has ever lived in a serious adult life knows that indebtedness is a killer.

If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.

The world does not need another credit card.

If you pay your credit card off every month, get a rewards card. One that gives you airline miles or that will give you 1 percent cash back at least on every purchase.

I very rarely use a credit card, but I do if I know I have big bills coming and I need to stagger payment.

About two-thirds of bachelor's degree holders borrow to go to school, and on average they're graduating with more than $26,000 in debt.

Make this the year you tackle that credit card debt once and for all.

Let's get one thing straight: No one wants Stafford loan interest rates to increase.