Academia’s credit score urban legend goes mainstream

The consumer reporting agencies all state that they do not provide credit scores for employment purposes (ok, well, sometimes they say they do).  It’s a big urban legend.

But, watch this trail of rumor.

Most companies attempt to justify the use of credit scores because they think such employees will end up stealing, but our research suggests that might not be the case.” – Louisiana State University

“An emerging trend is for companies to use credit scores as an employment screening tool.” – Psych Central

“’An emerging trend is for companies to use credit scores as an employment screening tool,’ says Psych Central, but a new study to appear in the Journal of Applied Psychology “shows no connection between poor credit scores and theft – although some interesting connections were discovered.” – Globe and Mail

But that’s nothing new for the 3rd Baron Thomson of Fleet.