Despite having assets in the hundreds of millions of dollars and earnings potential that most people could only dream about, it turns out that Michael Jackson had the credit score of a panhandler who sang for change in the subway.

In 2007 Jackson had an average credit score of just 563.67.  His Equifax was 592, TransUnion 524 and Experian 575.

That’s about a hundred points lower than the average credit score for any state.  The big culprit for MJ (as it is with most bad scores) is having too many delinquent accounts.

This is a striking example of how even wealthy people mishandle credit.

Regardless of your income, bad credit can force you to pay higher interest rates and can even cost you a job, apartment or the option to bank where you choose.  This is one Mike you don’t want to be like.

TMZ via Consumerist.

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