Suze Orman Pre-paid Debit Card Just Made the News | Bloggers Lair | Yakezie Forums

Tweet to @20andengaged and the entire thing just made the news (found via @freefrombroke)

http://video.foxbusiness.com/v…..t_id=87185

Wow! Glad she's getting called out for this. 

Post edited 8:48 pm – January 15, 2012 by Watson Inc

Budgeting in the Fun Stuff said:

Holy moly!  I think it's interesting to be called out by a sellout…

Yeah guys, that was pretty harsh criticism. He didn't hold any punches. I was half-way expecting a "fluff piece."

I love his comment "evidence of ignorance" … she's such a sell-out. I didn't really like her to begin with, but gave her the benefit of doubt. Now she's just a fraud to me. She could have done so much good, but chose no too.

That's good.  I was hoping that this would get some exposure given the high visibility that Suze has received.  She should have realized that calling someone 'idiot' in this high visibility circumstance was going to lead to backlash.

Thanks for sharing the link to the video Watson!

sixfigure said:

I'm probably one of the few who will defend this product (not the marketing or the ensuing flame war). I commented on MoneyCone's post on this issue. There is a market that needs this product and the institutions that provide it have every right to charge for it.

You are right, there is a market that needs this product, but she is the type that advocates against becoming this "market"… then turns around and capitalizes on it…im not saying somebody shouldnt do it, but not her… I have no trust in what she says anymore.

Frugal Confessions said:

Thanks for sharing the link to the video Watson!

You are welcome!

Post edited 11:27 am – January 16, 2012 by Thomas _Vaerdi Financial

I agree that there is a need for short term financing and pre-loaded debit cards – but I don't think Orman's fee structure is defendable (market or not) – there is a fee for everything! If she truly wanted to help people understand how to use credit (though the card is a debit card!?) why not charge one fee upfront? Find a pricing point where costs and profits are covered … One fee … that's transparency.

Of course, I suspect it would be rather expensive and that few people would use it.

As other folks in this forum have said; why is she getting herself into this?
Next stop pay-day lending?
Suze's Pawnshop?

sixfigure said:

I'm probably one of the few who will defend this product (not the marketing or the ensuing flame war). I commented on MoneyCone's post on this issue. There is a market that needs this product and the institutions that provide it have every right to charge for it.