Employers do not use credit scores. But, imagine what would happen if an employer actually did use a credit score to deny employment to someone.
There would be an inquiry to the consumer’s file with the consumer reporting agency. Using that datum, the agency could determine who obtained the score. Then, of course, the consumer could complain, publicly, and, finally, this nonsense would be over. We would have an actual name of an employer who used a credit score for employment purposes!
But, that’s not going to happen. They said it happened at Harvard, but it did not. The big question in this debacle: How could the employer have obtained a score when they are not even included in employment reports?
From: Greg Fisher [mailto:firstname.lastname@example.org]
Sent: Monday, September 10, 2012 12:10 PM
To: Michael Denning, publisher, Main Street Business Journal
Cc: Michael Patrick O’Brien, lawyer, Jones Waldo; Allen Smith, manager of workplace law content, Society for Human Resource Management; Marc A. Taylor, attorney, founding member, Taylor English Duma LLP; Bruce S. Richards
Subject: Name one
See this message and your response at http://blog.creditscoring.com/?p=4193.
Regarding the Fair Credit Reporting Act, you published, “The new provision states that anyone who uses a third party provided consumer report including a credit score to deny employment must disclose: (1) that a credit score was used; (2) the score; (3) up to four key adverse factors in the score and the agency that provided it so the applicant can correct any errors.”
Employers do not use credit scores. What evidence indicates that employers use credit scores? What is the name of an employer who uses credit scores?
The Credit Scoring Site
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Dayton, Ohio 45409-0342