Late payment quotes:

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  • Anything past 90 days constitutes 'severe,' but all late payments stay on your report for seven years if reported. -- Jean Chatzky
  • Late payments also hurt your FICO score. And never, ever take out a cash advance on your credit card. -- Suze Orman
  • As borrowers, we may feel guilty about running up debt, anxious about making payments, and resentful of the constraints that old obligations (and old credit records) impose on our current choices. We may find it too easy to buy things we may later regret. -- Virginia Postrel
  • When you're in your 20s, you're a little more carefree; you're single. You have a very different way of looking at the world and experiencing the world. But later in your 30s, when you have children, a career, career obstacles, mortgages, car payments and relationships, you have to negotiate; that's a very different life. -- Melissa De Sousa
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