Comments on: Suze Orman’s Credit Advice Falls Flat

By: Derik Tutt

Derik Tutt — Mon, 17 Aug 2009 06:45:53 +0000

Suze Orman is a great entertainer. She does make some sense on a basic level. She tends not to go very deep in her reasoning and usually offers shallow advice. You can tell that she picks her words as she speaks. To folks with zero discipline in regard to finances, she’s a genius. For those of us who have more on the ball, we can pick apart many of her rambling episodes. Great post. I loved it.

By: Kent

Kent — Mon, 02 Mar 2009 20:30:59 +0000

Well fast forward a year and a bit more later and that guy with the 583 fico score probably would have been better off staying in his apartment with the current real estate in tatters….

You’re probably right on this- yes back then Suze was probably wrong the limit needed to get a loan, but then again if you have a 583 credit score you really should try to bring it up anyway before you get a loan even if you have money in the bank. I mean, you have to had made a mistake in order to get that 583 to begin with… just saying.

Not really arguing against your point, but I’m just saying that the person would have done a lot better saving enough until he could actually afford the 20-30% on that mortgage…

By: Robert

Robert — Mon, 20 Oct 2008 21:51:59 +0000

Funny, but nearly a year after your post here, I’m making similar comments about her advice about avoiding foreclosure.

What’s unfortunate is that she seems to have such strong opinions, but the advice is, at times, uninformed.

She’s been interviewed on Bloomberg, she’s a regular on Oprah, has her own show, etc. I just wish that someone so influential would do a little more homework.

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By: Carnival of Real Estate: 62nd Edition

Carnival of Real Estate: 62nd Edition — Mon, 08 Oct 2007 14:01:16 +0000

[...] and Opinion:We all have our opinions, and Shailesh Ghimire definitely expresses his in Suze Orman’s Credit Advice Falls Flat. I also liked Matthew Paulson’s take on Why the Real Estate Market Slowdown is great for [...]

By: Shailesh Ghimire

Shailesh Ghimire — Thu, 27 Sep 2007 14:07:35 +0000

Heather,

I’m glad you enjoyed it. I read Suze’s stuff from time to time and just can’t believe what she is saying. She makes millions doing it too.

Sure, go ahead and use this with your buyers. I would be honored!

By: Heather Barr

Heather Barr — Thu, 27 Sep 2007 03:58:54 +0000

Awesome article, Shailesh, as always. I hope you don’t mind if I print it and use it (quoting you, of course) with my new buyer prospects. Well said, timely and exactly what nervous first timers need to hear right now.