Archive for the ‘Government’ Category

credit score, employers, UC Irvine, New University

From: Greg Fisher
Sent: Saturday, October 03, 2009 7:28 AM
To: newu@uci.edu; newuopinion@gmail.com
Subject: credit score, employers, New University
You wrote, “Employers increasingly run credit checks on prospective hires; a high score is seen as an indicator of reliability.”
Who is your source regarding credit score use by employers?

Employer use of credit scores. Equifax reacts.

Equifax:
Yes, they can.
No, we don’t.
Yes, they can.
No, we don’t.
Board asleep.

Credit Scores Used by Employers: Believers

See Credit scores used by employers:  Believers and Nonbelievers.
Now, only categorized in the influence > government directory, this topic deserves its own section.  FICO, USA Today, the U.S. Treasury Department, Federal Reserve, EEOC and many others communicate a similar message:  Watch out— credit scores are used in employment screening.  But, when contacted, the various media, government agencies, associations and consumer [...]

April 15, 2009 • Tags: , , • Posted in: Employers, Government • No Comments

What is a credit score?

What is a credit score? gives consumer reporting industry and federal government definitions for the term credit score.
Experian:  15 definitions on 7 websites.  Takes the prize for the most shelf space and elegant variation.
Equifax:  Among others, gives the FICO score definition.  Discord with TransUnion over what period FICO predicts.
TransUnion:  Typographical error in FAQ.
FICO (the artist formerly [...]

President Barack Obama on your credit utilization ratio

“We know that an economy built on reckless speculation, inflated home prices, and maxed-out credit cards does not create lasting wealth.”
U.S. President Barack Obama, March 24, 2009