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Michael Jackson Flunked His Credit Report

8/28/2009 7:35 AM PDT BY TMZ STAFF

Michael Jackson Credit ReportHere's a shocker -- Michael Jackson had an abysmally low credit score.

TMZ has learned that in 2007, Jacko's average credit score was 563.67 (Equifax 592, Transunion: 524, Experian: 575) which most experts consider very low. (According to creditreport.com, the average credit rating for people in California is 672.)

The reasons for MJ's credit woes ... We're told he was dinged for several reasons, including:

-- A derogatory public record or collection filed
-- The amount owed on delinquent accounts
-- Number of accounts with delinquency
-- Too many inquiries in the last 12 months

We've also learned Barneys New York actually shut down Jacko's credit line after he racked up more than $224,000 in one billing cycle, this according to Jacko's credit report.

MJ's troubles seem to have stemmed from a large net worth but nearly no disposable income. As we reported earlier, MJ's "Cash in Bank" was $668,215 -- or .05% of his net worth.

307 COMMENTS

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1.

Patrick M.    

First 1st farst farce thurst!

1860 days ago
2.

Disturbed    

Please stop with the MJ stuff, seriously. PLEASE

1860 days ago
3.

Patrick M.    

and 2nd!! he's going for 3rd base!

1860 days ago
4.

mrez golucky    

Yikes!

1860 days ago
5.

Patrick M.    

I want to know every detail of Jacksons life since I don't have one. How many suits did he have? What did he eat? How did he eat? What's his favorite color?

Jackson

1860 days ago
6.

moonwalker    

Whatever TMZ. Can you guys talk about something else besides MJ's personal life? He went through enough of that while he was living. You guys didn't even talk like this about the past celebs that died. But you guys can't seem to lay off Michael. Please let this man rest in peace already.

1860 days ago
7.

iknowiwasthere    

DANG!TMZ! YOU IN MICHAEL'S CREDIT SCORE, NOW?

HARVEY AND STAFF...........WHAT IS YOUR CREDIT SCORE????

1860 days ago
8.

iknowiwasthere    

IN RECENT WEEKS!............SHOULD BE 800, DAMN TMZ!

1860 days ago
9.

Stop Milking his name    

Zzzzzzzzzzzzzzzzzzzz

Try harder...you might uncover something interesting. Not the first time that I heard of millionaires with bad credit score. Next.

Harvey,

Did you retract that heroin story?

1860 days ago
10.

ly9512    

I heard that a lot of MJ's debt from Neverland was because of Gavin Arvizo's family. In the book by Aphrodite Jones, it says that Gavin's mother would go into town and charge spa treatments and shopping trips to the Neverland account. Also, she would charge Gavin's dental and medical appointments to it as well. MJ flew her to Miami while he was there (I think filming the "You Rock My World" video) because she heard he went there and said that Gavin "needed MJ".

1860 days ago
11.

a total fan    

Credit reports?? Seriously?? Leave this family alone already.

1860 days ago
12.

rs    

Wow these people are really after this man. I could care less about his credit report damn. In this economy no one has a good credit score Stupid! HOW MANY PEOPLE CONTRIBUTED TO HIS DEATH HOW ABOUT THAT. GOOD GREIF

1860 days ago
13.

my2cents    

Look at it this way. Lots of greed around this man. Low credit score and no income, so you loan him money. So are all these claims against his estate legit. If you make bad loans is it up to the law to even make sure you get your money back? Very clear to me, was there anyone in his life that did not have their hand in his pocket?

1860 days ago
14.

rs    

Maybe if Michael had saved some of the millions and millions he use to help others you would be happy cause he might be in better shape. But he chose to give it to those less fortunate. Geez reporting on a dead man's credit score wow.

1860 days ago
15.

xXHEYXx    

#5

hahaha...honestly. I totally agree.

If there was anything I really want to know, it's the results of the autopsy and things related to the investigation. BUT NOT EVERY DAMN DETAIL.

1860 days ago
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