Cub reporters document employers saying they use credit scores

Recently, a Reuters blogger said that the CEO of credit score company FICO told him that employers use credit scores.

But despite FICO’s claim and the rest of the hoopla, only two employers have admitted it.

A Virginia television station obtained video footage of a credit union representative saying “Being a financial institution we have a set level its yes or no. If the credit score is below a certain number, then there’s nothing we can do about it.”

Virginia

In Texas, a television reporter interviews a bank senior vice president who said, “If someone is going to be handling your money and their credit score reflects irresponsibility with money— with their own money– then there may be some concern that they might be irresponsible with your funds, too.”