Reply
Established Member
Posts: 31
Registered: ‎05-06-2008
0

Suze Orman's Advice

I honestly believe we should start to take some of Suze Orman's advice on rebuilding and maintaining our credit...

 

When I first heard about Suze Orman, I began to follow her advice and rebuilt my credit.  However, in Nov 2011, my 700s scores started to fall because of my own undoing!

 

Well, I am back on board with Suze's advice and I would like to see more postings on what she suggest.

 

Does Anyone else agrees...

Valued Contributor
Posts: 1,057
Registered: ‎09-29-2009
0

Re: Suze Orman's Advice

Although I am a fan of Suze's her advice is normally geared toward money management and not so much your credit score. Although I will agree that sound money management principles will lead to a solid credit record the focus on these forums is toward "How do I maximize my score to achieve...".

Best financial advice I ever got: "Just imagine what an adult would do and do that."

Starting Score: 500's
Current Score: EQ 701 (FICO) TU 721 (FICO) EX 715 (Quizzle)
Goal Score: 760 ALL


Take the FICO Fitness Challenge

Established Contributor
Posts: 930
Registered: ‎07-30-2011
0

Re: Suze Orman's Advice

I was able to get myself onto the right track in terms of credit and personal finance by following Suze Orman's advice.  I read all her books and watch her TV show and it's made a massive difference.  I'm actually giving a copy of "The Money Book for the Young, Fabulous, and Broke" to my sister as a high school graduation present along with my own personal notes to set her on the right financial path.  


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge
Highlighted
Established Member
Posts: 31
Registered: ‎05-06-2008
0

Re: Suze Orman's Advice

@ Lithium78:  I agree.  Though her books are more geared toward investments, building that nest egg; she does talk about credit. She also talks about the options one can take to pay off debt. 

 

Honestly, one can't put money into a 401K unless you have money freed up to save for retirement.  In addition, a person can build that Fico Score to 800, but that does not guarantee a mort loan. I know someone who has a score near 800 yet their  income is too low to afford a house or condo, not to mention having a 401K.. 

 

Also, the best advice I learned from Suze:  Money first, People, then things.

 

If a person is so focused on getting that High Fico Score; I kinda wonder what type of person they are in the areas of  life that count more than that high Score. 

 

Hence, I would like to see that person take their score to the grave.  I'm just saying...

 

 

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.