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 advocates (they all look the same; on the Internet, nobody knows you’re a bureaucrat) come up short when asked for their sources.

So, what’s the big problem with that?  The credit bureaus say that they don’t sell scores to employers.

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 known as Fair, Isaac and Fair Isaac), U.S. Treasury, HUD, FTC, FDIC and FCIC finish the set.

Credit score, employers, Citi

From: “” <>
Subject: credit score, employers
Cc: Alberto J. Verme (et al)
Date:  4/5/2009

Vikram Pandit

You wrote, “Lenders, insurers, landlords, employers and utility companies use your credit score to determine if you qualify for a loan, and at what interest rate and credit limit.”

Who is your source for the information regarding credit score use by employers?