“Don’t you think that those of us who pay with cash should get credit for paying with that cash?” Suze OrmanNational Public Radio—The financial advisor and popular CNBC host Suze Orman recently jumped into the prepaid debit card business. The general idea is this: You load up the card with money and then you can only spend what's already there.
January 22, 2012
Suze Orman’s Prepaid Debit Card Could Increase Your Credit Rating
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The biggest misunderstanding about Suze Orman's prepaid card, unfortunately stoked up by Orman herself, seems to be the notion that the Approved Card, as it is called, can help its users improve their credit scores. So it's time we set the record straight: the Suze Orman's card does not affect your credit score in any way, either positive or negative. Colleen Tunney-Ryan, a spokeswoman for TransUnion, a credit bureau that has partnered with Orman to provide her card's users with access to their credit reports and scores, states it plainly: "It is important to understand that this data will not appear on any TransUnion credit report at this time." I think that should settle it. Learn more here: http://blog.unibulmerchantservices.com/suze-ormans-prepaid-card-will-not-affect-your-credit-score.
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