Cards Quote by Suze Orman
“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.”
About This Quote
Source Financial advice column, 2022
High credit card debt and rising rates can trap borrowers; eliminating the debt is essential.
In simple terms: Credit card debt with be removed to avoid costly interest.
Key Takeaway
Pay off credit cards quickly.
Themes
personal finance
debt management
interest rates
Mood
practical
cautious
motivational
Type
financial advice
warning
When to use this quote
- debt consolidation
- budget planning
- financial counseling
Key Concepts
financial health
budgeting
Questions to Reflect On
- What steps can you take to lower your debt?
- How will you protect yourself from future high‑interest offers?
A Different Perspective
Rising rates may be unavoidable without credit repair.
![“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)
![“I don't see [ Trainspotting ] as an albatross, I see it more as a calling card. It's got me out to Hollywood, I've got a good agent, I've got a good manager, I'm getting a lot of work out there and doing a lot of stuff - getting a lot of film projects on the go.” quote by Irvine Welsh](https://sms4smile.com/quotes/img-quotes/918/irvine-welsh-843_agents_i-don-t-see-trainspotting-as-an-albatros_7750.jpg)
