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Well not technically, she gets to tweak her marketing of her “Fico kit” to improve credit scores. Have this be your warning that there are people out there saying they can do things with your credit that they cannot do.

“Under a proposed settlement of a class action lawsuit against the Fair Isaac Corporation and Equifax, which sell products to consumers who want to gauge how fondly lenders will view them, there are new limits on the assertions these products can make about their ability to raise people’s credit profiles.

Ms. Orman sells “Suze Orman’s Fico Kit” on both her Web site and one run by Fair Isaac. Although she was not a defendant in the lawsuit, her kit was among 156 products that came under fire as potentially violating the Credit Repair Organizations Act, a law designed to control fly-by-night credit-repair agencies.” - In the NY Times

Noone can instantly repair your credit. Not even the hosts of QVC and MSNBC shows or best selling authors. There are steps that you can take to improve your score and maintain it, but sometimes you are just stuck waiting for time to elapse.

For more information on this lawsuit settlement visit the settlement website by clicking here.

Welcome to wealthjump.com. This site will contain information on finances, ranging from how to improve your credit score to budgeting theories to how to buy your first house. I’ll be inviting multiple authors to come in and share their experience whether from academia or just past mistakes that have since been rectified. I think there’s a lot to be said about consulting with people in the financial industry, but at the end of the day, if you can figure it out on your own that money can be well spent on paying down your debt, saving for a major purchase, or going on a *controlled* spending frenzy for that latest gadget.

There’s nothing wrong with being in debt. There’s nothing wrong with needing more money in savings. It’s nothing to be ashamed of. Let’s face it, everyone has or had debt of some kind. But now is your chance to take control of your bank account whether you are 16 and working part time, or 50 years old preparing for retirement. Grasp the information, do your research and work yourself out of the bank controlled world that we all live in. This site isn’t about getting rich quick. There won’t be any ebooks with all the secrets to boosting your credit score, which is either a lie or completely illegal. This site is about realizing what you are doing with your money, pointing out the buzzwords that are good and bad and sharing the experience of either making it or breaking it.

From a recent survey by Scott Trade (see full report here: Scott Trade’s Survey on Baby Boomers)

“With over 78.2 million Baby Boomers, this aging population may soon find itself in dire straits. According to Scottrade’s 2007 American Retirement Study:

- 65 percent believe they have not saved enough for retirement
- 29 percent have saved less than $25,000 for retirement
- 23 percent of Boomers say they will never be able to retire and not need to earn an income
- 41 percent will have to keep working during retirement
”

That’s the baby boomers, which will be living off of social security and continuing to work. The majority of Americans are not saving any money - living paycheck to paycheck. One of the goals for this site is to show you how to get out of debt, get control of your spending, and put a little in savings no matter if you are working off of tips or the CEO of a Fortune 500 company.

If you have questions, or topics that you would like to see discussed here. Send us an email at info@wealthjump.com

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