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Suze Orman Gets an "F" On Her Credit Report Card

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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 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.

Comments

I'm not a fan of hers, and agree that she should disclose her relationship with the website, but this posting implies that there is no difference between a "credit file" and FICO scores, which is incorrect. Federal law only requires that consumers be able to get a free credit report once per year from each of the credit reporting agencies, but this law does *not* cover FICO scores, which each of these agencies can calculate in a different way, and are sold as separate products.

Posted by: mhutchin on June 3, 2008 8:54 PM

I can't take advice from someone who calls herself Suze... I'm assuming it's short for Susan

Posted by: zaydoun on June 4, 2008 10:56 AM

That would be the fault of O magazine. Suze makes this connection very clear on her CNBC program every week.

Posted by: paulcotton on June 7, 2008 10:26 PM

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