Comments on: Suze Orman goes prepaid http://blogs.reuters.com/felix-salmon/2012/01/09/suze-orman-goes-prepaid/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: MickWeinstein http://blogs.reuters.com/felix-salmon/2012/01/09/suze-orman-goes-prepaid/comment-page-1/#comment-34886 Tue, 10 Jan 2012 09:46:38 +0000 http://blogs.reuters.com/felix-salmon/?p=11788#comment-34886 I’m skeptical of Suze’s consumer products after seeing the investment portfolios she promotes:
http://blog.covestor.com/2011/05/the-suz e-orman-retirement-hedge-fund

See also:
http://rp-pix.com/id

]]>
By: SilverGray http://blogs.reuters.com/felix-salmon/2012/01/09/suze-orman-goes-prepaid/comment-page-1/#comment-34879 Tue, 10 Jan 2012 00:23:04 +0000 http://blogs.reuters.com/felix-salmon/?p=11788#comment-34879 Prepaid cards are a great choice for many people who should not be adding to large high interest debt loads. Education on debt and the financial system continues to be sorely lacking in America. I think this post on requiring licenses to borrow is an interesting policy suggestion: http://bit.ly/tZp1Vi

]]>
By: Sechel http://blogs.reuters.com/felix-salmon/2012/01/09/suze-orman-goes-prepaid/comment-page-1/#comment-34878 Tue, 10 Jan 2012 00:21:00 +0000 http://blogs.reuters.com/felix-salmon/?p=11788#comment-34878 Susie Orman is not acting as a good Samaritan here, but promoting a new for profit business venture. I recall her promoting FICO score kits a while ago convincing many that Credit and FICO meant successful and rich and for that she should not be applauded. With regards to this new venture, I would have to point out that for a responsible person a Credit Card is better for two reasons
1) You have an interest free loan each month from the credit provider if you pay off the cash balance by billing date
2) The legal protections on Credit Cards are better than Debit Cards.

]]>
By: TFF http://blogs.reuters.com/felix-salmon/2012/01/09/suze-orman-goes-prepaid/comment-page-1/#comment-34874 Mon, 09 Jan 2012 22:26:08 +0000 http://blogs.reuters.com/felix-salmon/?p=11788#comment-34874 Felix, when are you going to follow in her footsteps and introduce the “Felix Salmon Payday Loan”?

]]>
By: AlanVanneman http://blogs.reuters.com/felix-salmon/2012/01/09/suze-orman-goes-prepaid/comment-page-1/#comment-34873 Mon, 09 Jan 2012 21:57:14 +0000 http://blogs.reuters.com/felix-salmon/?p=11788#comment-34873 “I’m not particularly bothered by this, although I am a little bit uncomfortable about her longstanding move into financial products more generally.” Why “a little bit”? If Suze’s FICO® Kit Platinum is a lousy product, as you say it is, why shouldn’t you be, I don’t know, disgusted by the way she’s ripping off the public?

And why do you worry that she “desperately needs to get some retail presence” for her latest product? She’s on TV every week. She makes a lot of money. Why is it somehow important for Suze to become the Martha Stewart of financial services? Or are you just afraid of her?

]]>
By: Kiffmeister http://blogs.reuters.com/felix-salmon/2012/01/09/suze-orman-goes-prepaid/comment-page-1/#comment-34872 Mon, 09 Jan 2012 21:20:41 +0000 http://blogs.reuters.com/felix-salmon/?p=11788#comment-34872 These pre-paid cards seem like a good way to introduce kids to plastic money, but the $3/month, which I guess is around the norm for these things, kills that idea!

]]>
By: Johnson2 http://blogs.reuters.com/felix-salmon/2012/01/09/suze-orman-goes-prepaid/comment-page-1/#comment-34870 Mon, 09 Jan 2012 19:03:48 +0000 http://blogs.reuters.com/felix-salmon/?p=11788#comment-34870 Liked your article. You spoke of 400%apr loans and 10%apr loans. Seems there is probably products out there charging 80%apr on small loans. that seems reasonable with the small amount of money and risk???

]]>
By: OuterLimits http://blogs.reuters.com/felix-salmon/2012/01/09/suze-orman-goes-prepaid/comment-page-1/#comment-34868 Mon, 09 Jan 2012 18:49:16 +0000 http://blogs.reuters.com/felix-salmon/?p=11788#comment-34868 This is a good card but it’s not the best card.

US Bank’s Convenient Cash Card, Regions Bank Now Card and the MoneyManager Card from First California Bank are all better cards. The US Bank and Regions cards have free cash deposits and withdrawals at any Branch (something only Bank prepaid cards allow for and allow for Readylink also. All three cards offer unlimited ATM withdrawals and the limits are higher than Orman’s $500 a day. MoneyManager has no limit. With US Bank & Regions since you can go into a branch its really a no overdraft check less account.

Prepaid card vendors generally don’t want customers to be able to access all their money through an ATM because then they don’t get make any money on transactions.

The Approved Card uses Moneygram and Western Union for cash reloads also and those are of two the worst reload methods since you have to fill out paperwork and there is always a chance of error as opposed to a swipe reload method supported by Visa ReadyLink and Mastercard RePower.

]]>