Archive for May, 2010
Paying judgments: Lew Sichelman, 2002 and 2010
With the Memorial Day weekend fast approaching, syndicated columnist Lew Sichelman took a shortcut. Lew Sichelman, 2002: Beyond that, though, proceed cautiously. One thing you don’t want to do is pay off any judgments or collections that are at least 24 months old. Not only is this “unlikely to get you where you want to go,” [...]
AJC blogger counters her U.S. Senator
Speech-making, writing, blogging, stating and yakking adds up to much mush Last week, the U.S. Senate passed its financial reform bill with an amendment regarding credit score use in employment. Senator Udall from Colorado sold the idea by saying that employers use credit scores. The problem with that is that the consumer reporting agencies say that they [...]
Average FICO credit score missing
Just when Wikipedia gets its act together, the average FICO credit score goes missing. In the first story of Two and Two (a new section on creditscoring.com), questions are posed to FICO. The median, the mean, the CEO, and an absent Experian all play their parts. Things just don’t add up. How is America supposed to know where it [...]
AJC, and credit score and job applications paranoia irony
Right in Equifax’s hometown, in an interview piece on chairman and CEO Richard F. “Rick” Smith, a writer for the Atlanta Journal-Constitution asks, “Is there too much paranoia about credit scores, which can affect everything from loan and job applications to insurance premiums?” Apparently, he missed the story about Equifax/employers/scores, so the irony of the notion of paranoia [...]
Experian: Employers use scores, but we don’t provide them to employers
Experian told John Ulzheimer what is not in employment reports. One of those things is “Credit score (read that again please….credit score is not included).” However, the consumer reporting agency still maintains, “Credit scoring helps potential lenders, landlords, and employers quickly gauge an applicant’s credit history.” Experian chairman John Peace got some of it right before [...]
Enough to be Dangerous: CreditCards.com
Recently, Experian (“the leading global information services company”*) announced that it and CreditCards.com “will co-host a live, interactive, online town-hall discussion of credit reporting and scoring.” CreditCards.com made the same announcement, replete with countdown clock to the exciting event. Experian’s newfound public outreach/reach-out for goodwill follows the drubbing it took at the hands of Congress and the FTC [...]