| Your Credit Scores: What You Don't Know Can Hurt You Are Your Finances Healthy or High Risk? By Suze
Orman I know you know your SAT score.
And I bet you know your cholesterol score.
Some of you could probably rip off the phone numbers of old boyfriends and
girlfriends you haven’t spoken to in 10 years.
So tell me something. If you’re so good with numbers, why don’t
you know your credit score?
I recently spoke to a large audience of successful business people and asked
them if they knew their FICO score. I got plenty of reassuring nods. But I know
better. A few minutes later, when I mentioned how to get your FICO credit score,
everyone whipped out their pens and Blackberrys to take down the info.
It never fails: no matter who’s in the audience, I typically get a 70
to 90 percent failure rate when I ask who knows their credit score and why it
matters.
This has got to stop. Right now.
Take Credit Now
Your credit score is a lot like your cholesterol level. A good score means
you are financially healthy; a bad score means you are seriously out of shape
and at high risk for some serious problems. more...
Sidebar: Five Ways to Improve Your Score
If you’ve got a low FICO score, don’t get all depressed. Snap
into action; there’s plenty you can do to snag a higher score. And it’s
not nearly as hard as you might think. Here are the five major factors that determine
your FICO credit score: more...
Suze Orman has been called “a force in the world of personal finance”
and a “one-woman financial advice powerhouse” by USA Today. She is the author
of four consecutive New York Times bestsellers, including The Road to Wealth.
Suze Orman, a
Certified Financial Planner Professional®,
directed the Suze Orman Financial Group from 1987-1997, served
as
Vice President of Investments for Prudential Bache Securities from
1983-87, and from 1980-83, was an Account Executive at Merrill Lynch.
Watch Suze every Saturday night on CNBC.
Check www.suzeorman.com
for TV listings. More great advice on Suze's blog.
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