--- title: "Meaning & Key Takeaway of: Late payments also hurt your FICO score…" description: "\"Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card.\" — Suze Orman" image: "https://sms4smile.com/quotes/i/25f/suze-orman-1007_cards_late-payments-also-hurt-your-fico-score_2453832.png" --- # Late payments also hurt your FICO score. And never, ever… ![“Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card.” quote by Suze Orman](https://sms4smile.com/quotes/i/25f/suze-orman-1007_cards_late-payments-also-hurt-your-fico-score_2453832.png) [Download](https://sms4smile.com/quotes/i/25f/suze-orman-1007_cards_late-payments-also-hurt-your-fico-score_2453832.png) [Open image](https://sms4smile.com/quotes/i/25f/suze-orman-1007_cards_late-payments-also-hurt-your-fico-score_2453832.png) > “Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card.” [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Late payments lower your credit rating; cash advances add fees and increase debt, hurting scores. **In simple terms:** Late payments and cash advances damage credit scores. Key Takeaway Avoid late payments and cash advances. Themes personal finance credit management debt financial health Mood cautious practical Type advice financial When to use this quote - applying for loans - renting an apartment - buying a car - securing a mortgage - credit card usage Key Concepts credit scoring risk interest financial literacy Questions to Reflect On - How can you build credit without incurring debt? - What strategies help ensure timely payments? A Different Perspective Cash advances may be necessary in emergencies, but they still harm scores. ★ ★ ★ ★ ★ No ratings yet [Advance Credit](https://sms4smile.com/quotes/about/advance-credit-592691/) [Cards](https://sms4smile.com/quotes/about/cards/) [Cash](https://sms4smile.com/quotes/about/cash/) [Cash Advance](https://sms4smile.com/quotes/about/cash-advance-592689/) [Credit](https://sms4smile.com/quotes/about/credit/) [Credit card](https://sms4smile.com/quotes/about/credit-card/) [Customer](https://sms4smile.com/quotes/about/customer/) [Fico Score](https://sms4smile.com/quotes/about/fico-score-592690/) [Hurt](https://sms4smile.com/quotes/about/hurt/) [Hurt Fico](https://sms4smile.com/quotes/about/hurt-fico-592688/) [Late](https://sms4smile.com/quotes/about/late/) [Late Payments](https://sms4smile.com/quotes/about/late-payments-592687/) [Payment](https://sms4smile.com/quotes/about/payment/) [Score](https://sms4smile.com/quotes/about/score/) ## Related quotes > [Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not…](https://sms4smile.com/quotes/suze-orman/credit-card-companies-are-jacking-up-interest-rates-lowering-credit/) [Suze Orman](https://sms4smile.com/quotes/author/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.](https://sms4smile.com/quotes/suze-orman/a-cash-advance-on-a-credit-card-is-one-of-the-worst-types-of/) [Suze Orman](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/suze-orman/i-generally-encourage-people-to-make-good-on-debts-when-they-have/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [I've got some kids out there; it's no secret. I've never been late on payments. I've handled it as best as I possibly can.…](https://sms4smile.com/quotes/shawn-kemp/i-ve-got-some-kids-out-there-it-s-no-secret-i-ve-never-been-late-on/) [Shawn Kemp](https://sms4smile.com/quotes/author/shawn-kemp/) > [The journey of a thousand miles beginswith a cash advance](https://sms4smile.com/quotes/theophilus/the-journey-of-a-thousand-miles-beginswith-a-cash-advance/) [Theophilus](https://sms4smile.com/quotes/author/theophilus/) > [The journey of a thousand miles begins with a cash advance.](https://sms4smile.com/quotes/alton-brown/the-journey-of-a-thousand-miles-begins-with-a-cash-advance/) [Alton Brown](https://sms4smile.com/quotes/author/alton-brown/) > [Our first manager really pushed that we not sell our publishing rights, which is one of the earliest things an artist will do: They'll…](https://sms4smile.com/quotes/isaac-hanson/our-first-manager-really-pushed-that-we-not-sell-our-publishing/) [Isaac Hanson](https://sms4smile.com/quotes/author/isaac-hanson/) > [In normal times, at the beginning of each month, the federal government makes a cash advance to the Social Security Trust Fund called the…](https://sms4smile.com/quotes/jerome-powell/in-normal-times-at-the-beginning-of-each-month-the-federal-government/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [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…](https://sms4smile.com/quotes/dave-ramsey/your-fico-score-is-an-i-love-debt-score-you-re-going-to-pay-a/) [Dave Ramsey](https://sms4smile.com/quotes/author/dave-ramsey/) > [“What is a FICO score? It is a credit score that lenders (and landlords) use to determine your future ability to pay bills. It…](https://sms4smile.com/quotes/cary-siegel/what-is-a-fico-score-it-is-a-credit-score-that-lenders-and-landlords/) [Cary Siegel](https://sms4smile.com/quotes/author/cary-siegel/) > [In God we trust, others need a FICO score above 760.](https://sms4smile.com/quotes/mike-williams/in-god-we-trust-others-need-a-fico-score-above-760/) [Mike Williams](https://sms4smile.com/quotes/author/mike-williams/) > [“Where to find the borrowers with high FICO scores? Here the Wall Street bond trading desks exploited another blind spot in the rating agencies’…](https://sms4smile.com/quotes/michael-lewis/where-to-find-the-borrowers-with-high-fico-scores-here-the-wall/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and…](https://sms4smile.com/quotes/suze-orman/the-advantage-of-online-banking-is-that-you-can-pay-bills-superfast/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [I get so frustrated when people tell me it's unrealistic to create an eight-month emergency savings fund, or have money saved for a home…](https://sms4smile.com/quotes/suze-orman/i-get-so-frustrated-when-people-tell-me-it-s-unrealistic-to-create-an/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as…](https://sms4smile.com/quotes/suze-orman/consider-a-15-or-20-year-fixed-rate-mortgage-instead-of-a-30-year-if/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) ## More by Suze Orman > [I've never believed unemployment numbers because the way that they calculate unemployment makes no sense whatsoever. It's not how many people are unemployed. It's…](https://sms4smile.com/quotes/suze-orman/i-ve-never-believed-unemployment-numbers-because-the-way-that-they/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Never invest emergency savings in the stock market.](https://sms4smile.com/quotes/suze-orman/never-invest-emergency-savings-in-the-stock-market/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Just because you can afford it doesn't mean you should buy it.](https://sms4smile.com/quotes/suze-orman/just-because-you-can-afford-it-doesn-t-mean-you-should-buy-it/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward…](https://sms4smile.com/quotes/suze-orman/your-goal-should-be-to-pay-off-your-credit-card-bills-in-full-at-the/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as…](https://sms4smile.com/quotes/suze-orman/consider-a-15-or-20-year-fixed-rate-mortgage-instead-of-a-30-year-if/) [Suze Orman](https://sms4smile.com/quotes/author/suze-orman/) > [Believing you are worthy of love means that you believe I deserve to be treated well - with respect and dignity. 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