Suze Orman You are Denied a Petitions to Add Prepaid Cards to Credit Histories.
Suze Orman and her misguided attempt to petition the credit repositories to add prepaid credit cards and debit cards to an individuals credit history. The definition of credit is that you borrow money and pay it back. That is not how a prepaid credit card works…
Now I am sure this has nothing to do with the fact that she has her own Prepaid Credit Card she sells. The costs are as follows: $3 start up fee, $3 a month maintenance fee, withdrawal fee $2. Now I don’t believe that she would try this just to benefit her already abused customers. She should have checked a dictionary prior to this Ill fated attempt to benefit her own pocket book.
I predict she will quietly withdraw this position as the backlash increases. This is a big disappointment from someone who has done so much to help educate the public on finances. Suze Orman You are Denied!!!!