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
Page A2
PO Box 342
Dayton, Ohio  45409-0342

AP spreads credit score myth within story about myths

“In fact, FICO points out on its website that it’s illegal to consider age, race, religion, national origin, gender, and marital status in credit scoring.” – Associated Press

The law allows creditors to use age in properly designed scoring systems.” – Federal Trade Commission, United States of America

More AP nonsense


VISA spreads credit score myth then says myths run rampant

One of the major proponents of the credit score/employers myth is Visa, Inc.  Ironically, the credit card company just issued the statement, “Visa Inc. Survey: Credit Score Myths Run Rampant.”

In 2007, Visa took it on the chin for its unsubstantiated statements about credit scores and jobs.  The company, through its Practical Money Skills for Life program replied, “We’re not at liberty to disclose specific employers who use credit scores in employee screening, but we are aware of instances in which this has been done.”

Last year, the person at the center of the 2007 silliness did the deed again.  Visa senior director Jason Alderman wrote, “A poor credit score can impact their ability to qualify for loans, secure favorable interest and insurance rates or even get a job or an apartment.”

Unlike other rumormongers (aka journalists with unnamed sources), Visa knows (or, at least, it says it knows) of instances of the alleged illicit, unauthorized practice.  It’s just that it’s a secret.

Visa:  It’s everywhere (unfortunately).


From: “creditscoring.com” <greg@creditscoring.com>
Date: Thu, 12 Feb 2009 13:36:22 -0500
To: <info@whatsmyscore.org>, <globalmedia@visa.com>, <valmanaf@visa.com>, <jensenp@visa.com>, <chlebowm@visa.com>
Subject: credit score, employers

You wrote, “Many employers have made checking a credit score a mandatory part of the job application process, just as drug testing and criminal background checks are now common requirements for jobs in many industries.”


“Credit scores determine… in some cases, whether you get that job or apartment you’ve been hoping for.”

See http://creditscoring.com/influence/government/employercreditscorebelievers.html#visa1 .

Who is your source regarding credit score use by employers?

What is the name of an employer who uses credit scores?


From: Practical Money Skills for Life [mailto:info@practicalmoneyskills.com]
Sent: Tuesday, February 17, 2009 3:52 PM
To: greg@creditscoring.com
Cc: Mark Flanagan
Subject: Re: credit score, employers

Hello Greg

Our source for this information is the Federal Trade Commission. Please see their Consumer Alert here:

We’re not at liberty to disclose specific employers who use credit scores in employee screening, but we are aware of instances in which this has been done.

Thank you.

Practical Money Skills for Life Support


From: creditscoring.com [mailto:greg@creditscoring.com]
Sent: February 17, 2009
To: Practical Money Skills for Life
Cc: pcohen@visa.com; info@whatsmyscore.org; globalmedia@visa.com; valmanaf@visa.com; jensenp@visa.com; chlebowm@visa.com
Subject: Re: credit score, employers II, FTC, identity

The word “score” does not appear in that Federal Trade Commission document.

What are the words on that FTC page to which you refer?  Did you see the actual credit score in the employment screening instances?  Does Visa use credit scores in employee screening?

What is your name?


From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Wednesday, October 12, 2011 12:31 PM
To: jason@practicalmoneyskills.com
Cc: pcohen@visa.com; info@whatsmyscore.org; globalmedia@visa.com; valmanaf@visa.com; jensenp@visa.com; chlebowm@visa.com; Practical Money Skills for Life
Subject: RE: credit score, employers III, survey

Did you include a question about employers using credit scores?

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

ScoreInfo website launched by Fair Isaac

Fair Isaac introduced another website today:  ScoreInfo.  In a press release, Jordan Graham, president of FICO Consumer Services said, “FICO launched ScoreInfo.org to help consumers better understand their disclosure notices and how to use that new knowledge to their benefit.”

On January 1, 2011, federal Fair Credit Reporting Act risk-based pricing notice rules went into effect.  The Federal Trade Commission and the Federal Reserve Board issued joint press releases, but there is no link to the Fed’s version here because its chairman, Ben Bernanke, has still not responded to the question about its statement about employers using credit scores.

The website joins Fair Isaac’s other websites FICO.com and myFICO.

A senator, credit scores, losers and fake guitar playing

The lyrics to FreeCreditReport.com’s latest ditty:

Wanted to get myself a new cell phone
So I could hear myself at a ring tone
Who knew the store would go and check my credit score?
Now all they let me have is this dinosaur
Hello? Hello? Hello? Can anybody hear me?
I know. I know. I know. I should have gone to

That’s where I should have gone. Could have got my knowledge on

ANNOUNCER: Free credit score and report with enrollment in Triple Advantage.

Meanwhile, in a not-so-veiled reference to Experian (the owner of FreeCreditReport.com) U.S. Senator Charles Schumer states, “If these companies want to say – or sing for that matter – that they are giving people free credit reports, then they can’t charge people $15 a month, simple as that.”  On his website, Schumer continues, “My plan would finally bust up this scam and give consumers some honest choices”

One problem, as stated in the FreeCreditReport.com Terms and Conditions:  “The PLUS Score is not currently sold to lenders, and is not an endorsement or guarantee of your credit worthiness as seen by lenders.”

So, it really is true:  You don’t get what you don’t pay for.  See Fake-O FICO Funk.

Speaking of videos, don’t miss creditscoring.com’s montage of people talking about employers using scores— while the bureaus say that they don’t even sell scores for that purpose.

Insurance credit scores in Michigan

From the Michigan Supreme Court:  “The Court will also hear oral arguments in Insurance Institute of Michigan v Insurance Commissioner, in which the plaintiffs, a group that includes insurance companies and individual customers, challenge administrative rules aimed at prohibiting insurance scoring, the practice of using consumer credit report scores to set personal insurance rates.”

The Insurance Institute of Michigan states, “A 2007 study by the Federal Trade Commission found that credit-based insurance scores are effective predictors of risk under auto policies.

The Michigan Office of Financial and Insurance Regulation contends, “Credit information has been found to contain such a high rate of errors that there is an unacceptable likelihood that persons will be misclassified,” and cites studies by U.S. PIRG and the Consumer Federation of America.

Countdown to when Experian removes statement about employers using scores

Return here to find out when Experian removed its statement that employers use credit scores.

Here is the statement:

“Credit scoring helps potential lenders, landlords, and employers quickly gauge an applicant’s credit history.”

At the bottom of the page Experian implores, “Contact Us – If this doesn’t answer your question please contact us.”

By all means, contact them.

The domains qspace.com and iplace.com are part of Experian’s out-of-control pile of web addresses.

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Sunday, July 26, 2009 9:18 PM
To: help@qspace.com; heather.mclaughlin@experian.com; mediarelations@experian.com; corporate.responsibility@experian.com
Cc: greg@creditscoring.com
Subject: credit score, employers, Experian, iplace.com

You state, ”Credit scoring helps potential lenders, landlords, and employers quickly gauge an applicant’s credit history.”


After the tongue-lashing you took at creditscoring.com, you should consider a different line of work.


What is the name of an employer who uses credit scores?

US government spoofs Experian

As seen on Internet TeeVee!



The FTC spots say,  “No hidden fees.  Absolutley free.”

The credit score sold at the spoofed Experian website FreeCreditReport.com is the PLUS Score.  Experian states:

Your PLUS Score is formulated using the information in your credit file. It is modeled after the hundreds of commercial credit scores that help potential lenders, landlords, and employers quickly gauge your credit history and decide what kind of a risk they might be taking if they approve your application.

See “Credit scores in employment, Believers and Nonbelievers.”  Which side are you on?