Here’s a shocker — Michael Jackson had an abysmally low credit score.
TMZ reports that in 2007, Michael Jackson’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