Here'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.
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Reader Comments
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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
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.
DANG!TMZ! YOU IN MICHAEL'S CREDIT SCORE, NOW?
HARVEY AND STAFF...........WHAT IS YOUR CREDIT SCORE????
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?
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".
Credit reports?? Seriously?? Leave this family alone already.
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
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?
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.
#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.
