Today, Consumer Reports stated, “‘Your score is used by lenders, insurers, and even prospective employers, to judge how great of a credit risk you are,’ says Amanda Walker, Consumer Reports Senior Project Editor.”
Consumer Reports is not telling the truth. The consumer reporting agencies do not provide credit scores for employment purposes.
Those shenanigans go way back:
- USA Today on employers using credit scores, Part 1
- Influence: The Consumerist, Consumers Union, ValueClick
- Ed Mierzwinski, a Consumer Reports board member
Today’s email to Consumer Reports:
From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Thursday, January 26, 2012 10:19 AM
To: Walter D. Bristol, chairman, Consumer Reports, Consumers Union
Subject: credit score, employers, Consumer Reports
Correct this, fire James A. Guest, then resign.
https://twitter.com/#!/creditscoring/status/162542622710312961
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342