June 3, 2008

Suze Orman Gets an “F” On Her Credit Report Card

Via RadarOnline
Suze Orman Gets an “F” On Her Credit Report Card
By Neel Shah

Susan “Suze” Orman, the self-proclaimed “internationally acclaimed personal finance expert” and one of Time magazine’s “Most Influential” people of 2008, has made millions of dollars doling out overly simplistic (if not overtly sexist) advice about money. In her column in this month’s issue of O: Home magazine (page 76, if you’re visiting your mom), Orman continues on with her common-sense approach to finance by talking up the importance of having a good credit score. She even goes so far as to recommend an online site, myFICO.com, where you can go and find out what yours is!

Handy advice, to be sure, but what Orman neglects to disclose to the readers of O is that she actually has a business partnership with myFICO.com: the site’s homepage has a direct link to her “Suze Orman FICO Kit Platinum” package, which can be yours for only $49.95 (a “FICO Kit” link from her website also takes you to myFICO.com). Of course, federal law now mandates that you are entitled to request a credit file disclosure once every 12 months for free, which makes Orman’s advice not particularly financially prudent to anyone but herself. Being a corporate shill, though, does admittedly help pay the bills.

Orman’s rep did not return a request for comment.

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