Last week on ABC’s “Good Morning America,” host George Stephanopoulos introduced a segment by saying, “You know, your credit score is the key to getting a credit card, a mortgage– even a good job.” The accompanying web page says, “Credit scores can affect many aspects of your life, your ability to get a credit card, a mortgage and even a job.”
The interviewee, Mellody Hobson (who ABC calls an expert and Guru), did not disagree. Previously, Hobson said that the average credit score is 676 when the median FICO score was known to be 723 (click on “yuk it up“).
Meanwhile, the consumer reporting agencies all state that they do not provide credit scores (wacky video) for employment, an actual verifiable fact that ABC failed to report.
Laura Zaccaro, whose name appears as the co-author of the web page said that her sources include Tory Johnson and FICO. In 2008 FICO referred to “anecdotal information gleaned from public sources such as published articles.”
Last month, the Federal Reserve told Congress that employers use credit scores.
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