A Quote by Dave Ramsey

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.

Dave Ramsey

Quote Topics

Car Debt Dollars Going Insurance Insurance Rate Interest Keep Love Lower Order Pay Rates Score Up Your

Quote Author

Dave Ramsey
American - Speaker
Born: September 3, 1960

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.

Suze Orman

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

Suze Orman

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.

Suze Orman

If you fail to pay your minimums for any debt on time, your credit score will take a major hit and you run the risk of seeing the interest rate on all of your cards go up. An easy way to remind yourself to pay, is to sign up to receive your statements via e-mail.

Alexa Von Tobel

Your credit score affects the interest rates you're offered on credit cards and loans, can be used to vet your job application, and in some states may influence your insurance premiums.

Suze Orman

I generally encourage people to make good on debts when they have enough money to repay them. But once a delinquency has been reported to a collection agency, paying it off won't help your FICO score. The damage has already been done, and the blemish will remain on your credit report for seven years.

Suze Orman

Always keep your composure. You can't score from the penalty box; and to win, you have to score.

Horace

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.

Suze Orman

I don't pick tournaments to score or rivals or other teams to score against. I'm a striker: every game I play, I want to score.

Diego Costa

Somebody has to keep score and I decided I was going to do it. I'm a born score-keeper and I realize, like an umpire, that my decisions may cause distress.

Gore Vidal

I don't go out and just try to score. I score because there is an opportunity to score.

Michael Jordan

As a point guard, you don't really have to score. The only time you have to score is when you have to score.

Jrue Holiday

To me, score is really important. I would rather not have any score if it's something that's going to detract from the film. So often when I watch films, the score is what really bothers me.

Steve Buscemi

If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? What are you going to do if they raise your interest rates to 32 percent? That's five times higher than what your kid is going to pay in interest on a student loan. Get rid of your credit card debt.

Suze Orman

If it happens that I score 50 goals, it'll be awesome. Any player in the league would like 50. But I don't keep thinking every day that I have to score in order to reach 50 goals .