Advance Quote by Suze Orman
“A cash advance on a credit card is one of the worst types of borrowing because the interest rate is typically 21 percent or more.”
About This Quote
Source Book: The Money Book for the Young, Fabulous & Broke, Suze Orman, 2005
High‑interest cash advances are extremely costly, eroding principal quickly and creating debt traps.
In simple terms: Cash advances cost a lot in interest.
Key Takeaway
Avoid cash advances; seek cheaper credit.
Themes
personal finance
debt
interest rates
Mood
anxious
practical
Type
advisory
warning
When to use this quote
- emergency expenses
- travel
- small business cash flow
- payday loan alternatives
Key Concepts
compound interest
credit risk
financial literacy
Questions to Reflect On
- Can you find a lower‑cost borrowing option?
- What emergency fund could prevent this need?
A Different Perspective
Even with high rates, some may need cash urgently, making alternatives limited.
![“I think Oprah's [winfrey] learned from me that it's OK to be harsh on people because in one's harshness you can see transformation happen right before your very eyes.” quote by Suze Orman](https://sms4smile.com/quotes/img-quotes/6ca/suze-orman-1007_change_i-think-oprah-s-winfrey-learned-from-me_75357.jpg)
