--- title: "Meaning & Key Takeaway of: This is the worst time to miss a bill…" description: "\"This is the worst time to miss a bill. Pay down any large credit card or other large revolving accounts if you can, because high balances will hurt you..." image: "https://sms4smile.com/quotes/i/131/craig-watts-76789_accounts_this-is-the-worst-time-to-miss-a-bill-pa_1205953.jpg" --- # This is the worst time to miss a bill. Pay down any large… ![“This is the worst time to miss a bill. Pay down any large credit card or other large revolving accounts if you can, because high balances will hurt your credit rating. And avoid opening any other accounts before the loan you're pursuing is closed.” quote by Craig Watts](https://sms4smile.com/quotes/i/131/craig-watts-76789_accounts_this-is-the-worst-time-to-miss-a-bill-pa_1205953.jpg) [Download](https://sms4smile.com/quotes/i/131/craig-watts-76789_accounts_this-is-the-worst-time-to-miss-a-bill-pa_1205953.jpg) [Open image](https://sms4smile.com/quotes/i/131/craig-watts-76789_accounts_this-is-the-worst-time-to-miss-a-bill-pa_1205953.jpg) > “This is the worst time to miss a bill. Pay down any large credit card or other large revolving accounts if you can, because high balances will hurt your credit rating. And avoid opening any other accounts before the loan you're pursuing is closed.” Craig Watts ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Warns against high credit balances and new accounts before a loan, as they damage credit scores. **In simple terms:** Avoid high balances before loans. Key Takeaway Protect your credit. Themes finance credit debt management Mood practical cautious Type advice financial When to use this quote - loan applications - budget planning - debt consolidation - financial counseling Key Concepts interest rates credit utilization Questions to Reflect On - How will you reduce existing balances? - What steps can improve credit before a loan? A Different Perspective Credit scores also depend on payment history, not just balances. ★ ★ ★ ★ ★ No ratings yet [Balance](https://sms4smile.com/quotes/about/balance/) [Credit](https://sms4smile.com/quotes/about/credit/) [Customer](https://sms4smile.com/quotes/about/customer/) [Time](https://sms4smile.com/quotes/about/time/) [Worst times](https://sms4smile.com/quotes/about/worst-times/) ## Related quotes > [Large credit guarantees also impede optimal allocation of financial resources and increase moral hazard.](https://sms4smile.com/quotes/urjit-patel/large-credit-guarantees-also-impede-optimal-allocation-of-financial/) [Urjit Patel](https://sms4smile.com/quotes/author/urjit-patel/) > [“The best way to ensure that you have a good credit rating – no matter what your income - is to spend less than…](https://sms4smile.com/quotes/rob-kosberg/the-best-way-to-ensure-that-you-have-a-good-credit-rating-no-matter/) Rob Kosberg > [A person's credit report is one of the most important tools consumers can use to maintain their financial security and credit rating, but for…](https://sms4smile.com/quotes/ruben-hinojosa/a-person-s-credit-report-is-one-of-the-most-important-tools-consumers/) [Ruben Hinojosa](https://sms4smile.com/quotes/author/ruben-hinojosa/) > [There are two things you will never be without: One is your reputation and the other is your credit rating.](https://sms4smile.com/quotes/larry-winget/there-are-two-things-you-will-never-be-without-one-is-your-reputation/) [Larry Winget](https://sms4smile.com/quotes/author/larry-winget/) > [“today a country’s credit rating is far more important to its economic well-being than are its natural resources.”](https://sms4smile.com/quotes/yuval-noah-harari/today-a-country-s-credit-rating-is-far-more-important-to-its-economic/) [Yuval Noah Harari](https://sms4smile.com/quotes/author/yuval-noah-harari/) > [Regardless of what our national credit rating is, people will always want a roof over their heads, food on their tables, fuel for their…](https://sms4smile.com/quotes/robert-kiyosaki/regardless-of-what-our-national-credit-rating-is-people-will-always/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [“The basic task performed by the credit rating agencies was to strip derivatives of their individuality. 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