Richmond, VA WRIC-TV duped by same article as AJC Media General televison station furthers credit score myth just like the Atlanta Journal-Constitution

A writer named Shawn is having a good laugh somewhere tonight.

His false article, written for MoneyTips (LeadPoint, Inc.), has been picked up by another unwitting victim. The item is false in that it states that employers use credit scores.

On the contrary, employers do not use credit scores because they cannot even get them.

The Atlanta Journal-Constitution lost in the dicey game of syndication. Now, Channel 8 in Richmond has, too. But, that station’s owner, itself, bears some responsibility for the myth. #syndicatederror  #n74416

Follow #1608w, Mr. Diana.

Are you there?

New York Times Two – Employers and credit scores myth Mayor and city council pat themselves on the back with false information about employers: Credit Score Myth 2

Employers do not use credit scores because they cannot even get them.

Despite that and eight years of debunking, the mayor of New York said, “Using credit scores in hiring decisions only makes it harder for people facing economic hardship to find a job and restore their personal finances.” #1509N

Bill de Blasio’s preposterous statement is in a September 3, 2015 press release on the official website of the city of New York, New York. It announces a campaign to “educate New Yorkers” on a law regarding credit reports and employment screening.

A city Commission on Human Rights flyer is titled: “YOU ARE MORE THAN YOUR CREDIT SCORE. NYC agrees. A new law prohibits most businesses from checking or using your credit history for employment decisions.”

State senator Jeff Klein follows the mayor’s lead, quoted in the press release saying, “A job applicant should be judged on their skills not on their credit score.” #myth2

In April of 2015, before the vote, a press release on the city council’s website stated, “All New Yorkers deserve the chance to compete for a job based on their skills and qualifications, not three digits on a financial report,” said Council Speaker Melissa Mark-Viverito.

In 2013, councilman Brad Lander led his cause in social media with the cry, “‘one, two, three, four. I am not my credit score!'”

Confronted with the fact that employers do not use credit scores, the politician used a poetic license defense: “Fair point. But sadly, ‘credit report’ or ‘credit history’ (which is what many do use) just don’t rhyme as well.”

The same song-and-dance works for a two-man writing team with members from Harvard University and the Federal Reserve. Their title: “‘No More Credit Score‘ Employer Credit Check Banks[SIC] and Signal Substitution.”

One of the authors replied that “‘score’ is there for the rhyming.”

The Fed publishes such so-called “working paper” documents, designated as such “with the aim of contributing to scholarly debate and soliciting constructive feedback.”

What it does with the feedback is the question.

In April, 2015, a local general-interest newspaper, the New York Times, quoted then-council member Vincent Ignizio saying that his measure would allow citizens to “prove their worth based on their talent, not on past mistakes or a credit score that could be low for many reasons.”

In 2012, the newspaper, itself, exacerbated the myth with an item that said, “The credit score, once a little-known metric derived from a complex formula that incorporates outstanding debt and payment histories, has become an increasingly important number used to bestow credit, determine housing and even distinguish between job candidates.”

The article (as with its effect on man) remains false.

Washington Post, Vantagescore and Credit Score Myth 8 Washington Post publishes false information about the history of the United States of America

Credit Score Myth 8 is the false belief that closing a financial account removes its history from a person’s credit report.

In the Washington Post, reporter Jonnelle Marte responds to Sam P., a man who ponders closing a financial account that is “anchoring” his credit history. He’s had the credit card for 10 years–“the longest in my report.”

Marte responds, “Credit history matters in determining a person’s credit score, and the reader is right in assuming that closing his oldest credit card could potentially ding his credit score.”

She elaborates on her assertion, writing, “Losing the oldest card in a person’s credit history can shorten the overall length of that person’s credit, but the damage may be limited if that person has other cards for nearly as long as the oldest, said Sarah Davies, senior vice president of analytics for VantageScore.” #myth8

However, according to national consumer reporting agency Experian, “A credit report serves as a record of your account history, so closing an account does not automatically remove it from the report.”

Veracity check. The Washington Post also states, falsely, “At the same time, aides to House Majority Leader John Boehner (R-Ohio) have previously told reporters that they won’t let the country default.” #1607e

On that date, October 14, 2013, Boehner was Speaker, not Majority Leader.

Helping, teachers

See the story on creditscoring.com about certified public accountants and Texas A&M University.

The CalCPA Institute, California California Jump$tart Coalition and the California Council on Economic Education state that your credit report contains a credit score.

However, Experian states, “Credit scores are not included in your credit report.”

The institute, coalition and council also claim, “Average credit is 630-700.”

However, the last time Fair Isaac mentioned the average credit score, it was 723. Now, it is a secret.

See the social media message at https://twitter.com/creditscoring/status/392678625595506688.

Duke tells students to revise history

[previous message]

From: Greg Fisher (greg@creditscoring.com)
Sent: Wednesday, October 02, 2013 11:39 AM
To: Richard H. Brodhead, president, Duke University
Subject: RE: credit score, employers, myth, falsity, truth, efficacy of a social media message, ivory tower II, falsity

I do not see a reply to my email from you, and I am troubled that I have not noticed any that you might have made. But, the change that you made to your previously false document (if that is your response (and if it is not, then it is the greatest coincidence in history)) gives me, at least, a glimmer of hope for the future of the planet.

However, something else—something fundamental—troubles me even more. You state: “You can always ask a credit card company or other creditor to have negative information removed from your account.  They want to keep their customers happy, so they will commonly oblige your request if you have regularly made your payments on time and just made a few errors.”

That is in your document—available worldwide—titled, “How can I improve my credit score?” and is the biggest crock of nonsense that I have ever heard. But I have heard it before and did what I could to stop it. After publicly following consumer reporting for 15 years, I have heard it all.

The law, the Fair Credit Reporting Act, states

The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system.

It is no wonder the students and young alumni of Duke have an advantage: They have the power to change history.

I used the microcosm of the myth that employers use credit scores to determine the integrity of mainstream media. In that exercise of herding cats, I found that, largely, media organizations are passive-aggressive: They ignore their problem with accuracy, errors and corrections, and me. The First Amendment to the U.S. Constitution lives. The New York Times (the metaphor as well as the actual organization) needs no formal license to exist, publishes falsity (even about American history) and answers to no one. Now that that exhaustive (and exhausting) 5-year study of mine is over, as I crawl out of that rabbit hole of ridiculousness and into the light on the surface, I find ridiculousness ten-fold and growing.

But institutions of higher learning are not cats. They are (to use a fourth metaphor) a different animal, and, in some cases—as with public institutions, for instance—do, indeed, answer to higher authority. Although that appears not to be the case with you, your affiliation with a religious organization indicates a relationship to a higher moral authority, at least.

To whom Experian and its leaders ultimately answer in regard to misinformation, today, is confusing to me: Is it the Federal Trade Commission or Elizabeth Warren’s notion, the Bureau of Consumer Financial Protection (who likes to call itself the Consumer Financial Protection Bureau).

And so, since I have not seen a reply from you, I will now berate you with a prediction: You will change your website regarding that bunk about begging a creditor to create a history that never was, and, indeed, sir, suggesting that banks commonly lie to credit bureaus. It is heresy. Your outrageous suggestion impairs the efficiency of the banking system and undermines public confidence.

Have some dignity.


Greg Fisher
The Credit Scoring Site
creditscoring.com
Page A2
pagea2.com
PO Box 342
Dayton, Ohio  45409-0342
937-681-3224

Truth, falsity and myth in the Ivory Tower

From: Greg Fisher (greg@creditscoring.com)
Sent: Monday, September 30, 2013 9:27 AM
To: Richard H. Brodhead, president, Duke University; Richard H. Brodhead, president, Duke University (via public affairs office); Irene Jasper, director, Student Lending, Duke University; Personal Finance@Duke, Duke University
Cc: Alex Rosenberg, Department of Philosophy, Duke University
Subject: credit score, employers, myth, falsity, truth, efficacy of a social media message, ivory tower

See this message and your response at http://blog.creditscoring.com/?p=5408.

Your website states: “A poor credit score may mean having to make a large deposit in order to open an account with the electric company or to sign a new lease.  It could even mean the loss of job opportunities.”

What is the name of the person who wrote that?

Experian claims, “Creditors, landlords, and even some employers consider a person’s credit score before deciding whether they will approve a loan, lease an apartment, or hire an applicant.” However, Experian also states, “No, Experian’s business policy prevents the inclusion of credit scores with an employment report, at Experian called Employment Insight.”

Employers do not use credit scores. I looked into it. See a five-year account of false statements (including yours, now), in this bizarre and fascinating phenomenon, documented at creditscoring.com. Apparently, you have not noticed the pages behind the links above. During your social media chat with Experian, will you address the notion regarding credit scores in employment alleged on your websites?

What evidence proves that employers use credit scores? What prompted the statement in your document? I am attempting to track the myth to its original source. Who provided—or how you came about—the misinformation is valuable.

Today, please acknowledge receiving this message.

There are many false statements; the one mentioned above has serious consequences. I believe that you and Experian have the burden to prove that your statements are true. Neither of you have provided any evidence.


Greg Fisher
The Credit Scoring Site
creditscoring.com
Page A2
pagea2.com
PO Box 342
Dayton, Ohio  45409-0342

[next message]

Slapdash research

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Wednesday, September 25, 2013 1:18 PM
To: Tim Grant, reporter, personal finance, housing and banking, Pittsburgh Post-Gazette (Block Communications)
Subject: RE: credit score, employers, Pittsburgh Post-Gazette, anonymity II

See this message and your response at http://blog.creditscoring.com/?p=5404.

You still have not answered the questions.  I will reiterate.

You wrote

With the possible exception of your Social Security number, your credit score might be the most important number in your life.

It affects every area of personal finances as far as the interest rates paid on loans, premiums for insurance and in some cases whether or not someone qualifies to work in certain career fields.

I asked for your source regarding credit score use by employers. You replied: “Sorry for the very delayed response, but I’m been swamped with urgent assignments and projects. From what I understand based on the research I’ve done, a bankruptcy or a very low credit score can impact a person’s security clearance for certain government jobs.”

Then, I asked if you intended to use anonymous sources. I have not received your reply, and there is no correction at the bottom of the article. It is intact, and anybody reading it will be misinformed.

Now you write: “The importance of credit reports and credit scores has gone way beyond the original purpose of gauging the likelihood of someone repaying a loan. Insurance companies use them to determine who is a safe driver and employers use them to evaluate potential employees.”

Who are your sources?

What is unclear about my question from January of 2011?

The newspaper you write for, the Pittsburgh Post-Gazette, has not responded to a message I sent 24 hours ago. And, lest you or the people running your organization think that you operate in a vacuum, see your false words copied and republished elsewhere by Technology Marketing Corporation.

I am not putting up with it. Employers do not use credit scores. I looked into it. Tell your publisher, and reply today.


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342

Quicken Loans nonsense, and Gilbert’s bitterness about credit scores

Dan Gilbert is bitter.

He made some corrections, but he still has not completed his work.

[previous email exchange]

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Tuesday, September 10, 2013 3:29 PM
To: Bill Emerson, CEO, Quicken Loans; Bill Emerson, CEO, Quicken Loans (via L. Kreder); Bill Emerson, CEO, Quicken Loans (via Help address); Bill Emerson, CEO, Quicken Loans (via assistant’s address)
Cc: Dan Gilbert, Fathead; David Quilty, senior editor, Quizzle LLC; Todd Albery, Leader of the Webolution, Quizzle LLC
Subject: RE: Your horrible, recurring errors, follow III

Your website still states, falsely, “Don’t forget: Many employers also check credit scores, especially when you’re in the hiring process.”

That is nonsense. Employers do not use credit scores. I looked into it.

Who is your regulator?


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342

False information spread by Time Warner/CNN

Jeff Bewkes, Time Warner

This is a civics lesson directed squarely at you. If a shadow audience reads it, that’s gravy.

See “Labor Day, 2013 – CNN and the myth about employers and credit scores.” In it, I make the point that your reports of American history and credit scores are factually incorrect. Your websites state that Mitch McConnell is the majority leader of the U.S. Senate. That is not true, and further, it has never been true. While a fine man, Senator McConnell (R-Ky.) is Minority Leader. You can see that plain fact on the Senate’s official history page, “Majority and Minority Leaders and Party Whips.”

You also state that employers use credit scores, and that is not true, either. That fact was a lot harder to prove (and took 5 years; proving that something is not is a lot harder than proving that something is) than the fact of the senator’s position, but there isn’t much debate about it now. If there is debate, your side loses. Hell, you even seem to argue with yourself, publishing, in 2011, “It’s important to note that employers can’t actually see your three-digit credit score,” and then, in 2013, “Insurance companies, landlords, and employers are increasingly checking credit  scores, too.”

Blame VantageScore if you want (actually, that would be a good thing–the more, the merrier), but the CEO of that relatively new gambit of the consumer reporting agencies doesn’t have his act together, either. You are birds of a feather: Too quick on the Publish button, and oblivious.

Despite the proof above (and your having been informed), your pages still make false claims. In addition to those listed on the Labor Day page, here are more examples of you stating Senator McConnell’s title inaccurately. Please, for the sake of the United States of America, stop it today. If you do nothing, this merciless berating will continue.

  1. DNC ad aims at ‘plotting’ by McConnell
  2. CNN’s GUT CHECK for March 14, 2013
  3. Repeal health care law? Forget about it
  4. SOTU Crib Sheet 3/3
  5. Reid Yanks Senate Contingency Plan as House Takes Lead in Debt Talks

And, on the following pages, you published the statement that employers use credit scores. Employers do not use credit scores. I looked into it. The first three stories are dated after April 24, 2008, the date that–within days of the other two–the third of the three main national consumer reporting agencies stated that they do not provide credit scores for employment purposes. The second three are dated prior to 2008. If, by some great miracle (or act of journalism), you come up with evidence or sources, please provide them today. Had you done so in the first place, we would not be here, now.

  1. MYB: Your credit score could prevent you from getting a job – Christine Romans explains” (2013)
  2. Employers are looking at candidates credit scores. Be wary.” (2010)
  3. Settling the credit score” (2008)
  4. How to ace your credit score” (2007)
  5. 8 credit score myths” (2005)
  6. Credit score myths” (2004)

There are other myths that need attention, but if this does not compel you to make corrections, there is a much bigger predicament. Not only is what you are doing wrong in terms of accuracy, it is wrong, ethically. Because of this fundamental problem, we don’t have a well-informed electorate (let-alone a well-informed legislature). Truth is in the balance.

Despite your mass-media megalomania and prolific uploading, there is still hope. But, your action in this moment will stand as a fact of history. Don’t let it slip away.

The propagation of this myth has serious consequences. Today, before you publish another word, make it stop.

No interviews.

Greg Fisher
The Credit Scoring Site (creditscoring.com) – A bleak account
Page A2 (pagea2.com) – Media accuracy, errors and corrections
greg@pagea2.com

cc: Jeff Zucker, CNN
cc: Joseph A. Ripp, Time

OCC Charter No. 1316

From: Greg Fisher
Sent: Thursday, August 29, 2013 1:14 PM
To: William S. Demchak, president and CEO, PNC Financial Services Group (via P. McMahon)
Subject: credit score, employers, OCC Charter No. 1316

See this message and your response at http://blog.creditscoring.com/?p=5343.

At https://twitter.com/PNCNews/status/372705152752705536, you wrote, “Who looks at your #creditscore? Not just lenders, but employers, landlords, even mobile phone companies. #PNC #AchievementSessions.”

Employers don’t use credit scores.  I looked into it.


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342