2007-07-25 06:28:17 · 3 answers · asked by cyaneta 1 in Business & Finance ➔ Credit
The news is always full of stories about celebrities who 'had it all' and then 'lost it all.' If they have perfect credit, it's because they have plenty of money to pay their bills, on time (usually by their management team.) If they overextend, they pay late, and get bad credit rating from the cc companies. However, they do get preferential treatment from other sources due to their 'earning potential' For example, retail establishments and other vendors will extend credit to keep them happy and wearing their merchandise so the public will see it, etc. That's why they so much of their stuff for free, even when they have increased ability to pay for it.
2007-07-25 18:44:03 · answer #1 · answered by Piggiepants 7 · 1⤊ 0⤋
Celebrities are treated just like everyone else, in the eyes of the credit bureau, and I'm sure some of them have blown their credit, just like the average joe. Can you imagine making millions, living the lifestyle, and then your career ends for one reason or another. How do they maintain their lifestyle? Credit...And eventually, they can't afford their payments, and ruin their credit. If anything, I think celebrities are more susceptible to ruining their credit, if they're not financially responsible from the get-go...Just my 2 cents...=)
2007-07-25 06:36:37 · answer #2 · answered by Web G 3 · 0⤊ 0⤋
Fame does not automatically give someone better credit scores.
2007-07-25 06:37:38 · answer #3 · answered by Salinger 4 · 0⤊ 0⤋