Credit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high - there's a good chance your credit limit will be slashed, and that will hurt your FICO score.

In 1987 Orman resigned from Prudential and founded the Suze Orman Financial Group in Emeryville California. Suze Orman's Will & Trust Kit – Introduced in 2005 with her personal trust attorney. Her mother worked as a secretary for a local rabbi while her Russian immigrant father worked in a chicken factory and managed a delicatessen in Hyde Park.

A. In 2006 Suze Orman won a Gracie Award for Outstanding Program Host on the The Suze Orman Show on CNBC. She has written several books on the topic of personal finance.