News Corporation erroneous report infects Yahoo!

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Thursday, March 15, 2012 12:40 PM
To: Yahoo! Media Relations
Cc: Melissa Rudy; Jennifer Waters, columnist, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation; David Callaway, editor-in-chief, MarketWatch, Wall Street Journal, Dow Jones, News Corporation; Lex Fenwick, CEO, Dow Jones, News Corporation (via Bethany Sherman); Ashley Huston, senior director, Corporate Communications, Dow Jones & Company ; Corrections, Wall Street Journal, Dow Jones, News Corporation; Alan Murray, executive editor, WSJ.com, Wall Street Journal, Dow Jones, News Corporation; Sara Blask, manager, Corporate Communications, Wall Street Journal/Dow Jones, News Corporation; Rupert Murdoch, chairman and CEO, News Corporation (via Julie Henderson)
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation, correction V, employers, Yahoo!

Scott Thompson, chief executive officer
Yahoo!

Since your chairman Roy Bostock is a lame duck, you get this message.  Please forward it to the board.

Your website states, erroneously: “Increasingly, your score can help you land, or lose out on, a job, an apartment or utilities.”

Employers do not use credit scores.

You have been screwed, and it is because of the incompetence at News Corporation.  This has been going on for almost ten days, and the problem still exists.  Don’t be a yahoo(!).


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342

 

Rumor thread 1 – Rupert Murdoch (still) does not know how to use the internet

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Thursday, March 15, 2012 10:08 AM
To: Rupert Murdoch, chairman and CEO, News Corporation (via Julie Henderson)
Cc: Melissa Rudy; Jennifer Waters, columnist, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation; David Callaway, editor-in-chief, MarketWatch, Wall Street Journal, Dow Jones, News Corporation; Lex Fenwick, CEO, Dow Jones, News Corporation (via Bethany Sherman); Ashley Huston, senior director, Corporate Communications, Dow Jones & Company ; Corrections, Wall Street Journal, Dow Jones, News Corporation; Alan Murray, executive editor, WSJ.com, Wall Street Journal, Dow Jones, News Corporation; Sara Blask, manager, Corporate Communications, Wall Street Journal/Dow Jones, News Corporation
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation, correction V, employers

Rupert Murdoch, chairman and chief executive officer
News Corporation

Neither you nor your reporter answered the questions I asked on June 21.

Didn’t you send out the memorandum I requested you send?

It appears that you did not because your material is still inaccurate.  On Yahoo!, a story with your brand MarketWatch on it still says, erroneously: “Increasingly, your score can help you land, or lose out on, a job, an apartment or utilities.”

If even ValueClick can elicit a correction on that website, then why don’t you?

What is the name of your contact at Yahoo!?


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342

[previous message]

 

Hearst Corporation correction policy: “promptly;” ValueClick / Investopedia

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Wednesday, March 14, 2012 10:26 AM
To: George R. Hearst, Jr., chairman, Hearst Corporation (via Lisa Bagley)
Cc: Shauna Carther, VP, Content, Investopedia, ValueClick; Martin T. Hart, chairman, ValueClick (via Rachel McDonald, CPA, sr accountant & Public Relations specialist); Martin T. Hart, chairman, ValueClick ( via John Ardis, VP, Corporate Strategy); Stephen Proctor, managing editor, San Francisco Chronicle; Public Relations department, ValueClick ; Press office, U.S. Consumer Financial Protection Bureau
Subject: RE: Hearst Corporation, publishing inaccurate information II

People in Canada exhibit a lack of comprehension regarding credit scores in the United States.

Neither employers nor “potential employers” have access to credit scores.  Credit scores are not credit reports; one is a document, and the other is merely a number.

What is your definition of “promptly”?  You continue to display advertisements on a page containing misinformation.  Please use any ill-gotten gains to pay someone to make the correction now.


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342

 

 

From: Shauna Carther [Investopedia]
Sent: Tuesday, March 13, 2012 5:19 PM
To: greg@creditscoring.com
Subject: FW: Heast Corporation, publishing inaccurate information

Dear Greg Fisher,

After reviewing our article and a reputable source, we’ve decided to clarify our statement to read “potential employers” rather than “employers”.

See: http://www.consumerfinance.gov/wp-content/uploads/2011/07/Report_20110719_CreditScores.pdf

Page 3, I.A “Consumer files are used to produce reports that the CRAs provide to creditors, insurance companies, potential employers, and other users.”
CS3 – The impact of differences between consumer- and creditor-purchased credit scores. (2011, July 19). Retrieved from Consumer Financial Protection Bureau.

Regards,
Shauna

[previous email]

 

Wall Street Journal furthers credit score urban legend

The sun never sets on the News Corporation empire.

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Wednesday, March 14, 2012 8:32 AM
To: Rupert Murdoch, chairman and CEO, News Corporation (via Julie Henderson)
Cc: Melissa Rudy; Jennifer Waters, columnist, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation; David Callaway, editor-in-chief, MarketWatch, Wall Street Journal, Dow Jones, News Corporation; Lex Fenwick, CEO, Dow Jones, News Corporation (via Bethany Sherman); Ashley Huston, senior director, Corporate Communications, Dow Jones & Company ; Corrections, Wall Street Journal, Dow Jones, News Corporation; Alan Murray, executive editor, WSJ.com, Wall Street Journal, Dow Jones, News Corporation
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation, correction IV, employers

Rupert Murdoch, chairman and chief executive officer
News Corporation

This is not going well.

In one place you corrected a story to say

It’s taken into account when you buy a house, a car or insurance, and when you seek credit for a small business, try to rent an apartment or get utility service.

But in another, uncorrected version, you published

It’s taken into account when you buy a house, car or insurance, or when you seek credit for a small business. Increasingly, your score can help you land—or lose out on—a job, rent an apartment or sign up for utilities.

Employers do not use credit scores.

You are out of control.  Please send out a memorandum to all affiliates before this happens again.  What changes will you make to your correction policy to ensure that it does not?  Do you have a policy?


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342

 

 

From: Waters, Jennifer
Sent: Monday, March 05, 2012 6:54 PM
To: Callaway, David
Cc: greg@creditscoring.com; Henderson, Julie ( NewsCorp ); Melissa Rudy; Sherman, Bethany
Subject: Re: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation, correction III, employers

Ok

Sent from my iPhone

On Mar 5, 2012, at 5:49 PM, “Callaway, David” wrote:

I’ll take a look at this….Jen, give me and Anne a ring tomorrow………dave

[previous email]

 

 

Consumer Reports’ inaccurate information, whistle stop

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Tuesday, March 13, 2012 9:55 AM
To: Walter D. Bristol, chairman, Consumer Reports, Consumers Union
Cc: James A. Guest, president, CEO, consumer Reports, Consumers Union; Amanda Walker, Consumer Reports senior project editor, Consumers Union; David Butler, communications director, Washington DC, Consumers Union; Michael McCauley, media director, Financial Privacy Now, media director, Stop Hospital Infections, Consumers Union; Michael McCauley, media director, Financial Privacy Now, media director, Stop Hospital Infections, Consumers Union (alt); Margaret Shader, Web associate editor, Consumer Reports, Consumers Union; Kara Kelber, media relations associate, Consumers Union; Heather C. McGhee, director, Washington Office, Demos, and board member, Consumer Reports; Financial Services Team, Consumers Union; Financial Services Team, Consumers Union (alt); Press office, U.S. Consumer Financial Protection Bureau
Subject: RE: Follow up to your visit earlier today, Consumer Reports’ inaccurate information, Whistlestop

Walter D. Bristol, chairman
Consumer Reports, Consumers Union

See this message and your response at https://blog.creditscoring.com/?p=3629 and https://blog.creditscoring.com/?tag=consumer-reports.

You still make these claims:

  • “An automatic FICO disaster information shield would also prevent FICO scores from becoming a barrier to reemployment of displaced people looking for new work with employers who rely in part on credit scores.”
  • “Experian also sells its proprietary PLUS scores along with its credit reports. The company says your score helps ‘lenders, landlords, and employers quickly gauge your credit history and decide what kind of risk they are taking if they approve your application.’”
  • “’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.”

Employers do not use credit scores.

What is your correction policy?


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342

 

 

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

 

 

From: creditscoring.com [mailto:greg@creditscoring.com]
Sent: 2/16/2009
To: Gail Hillebrand, Consumers Union
Subject: credit score, employers

You said, “An automatic FICO disaster information shield would also prevent FICO scores from becoming a barrier to reemployment of displaced people looking for new work with employers who rely in part on credit scores.”

See http://www.creditscoring.com/influence/government/employercreditscorebelievers.html#consumersunion.

Who is your source regarding credit score use by employers?

What is the name of an employer who uses credit scores?

 

Hearst Corporation, publishing inaccurate information

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Monday, March 12, 2012 11:17 PM
To: George R. Hearst, Jr., chairman, Hearst Corporation (via Lisa Bagley)
Cc: Stephen Proctor, managing editor, San Francisco Chronicle; Martin T. Hart, chairman, ValueClick (via Rachel McDonald, CPA, sr accountant & Public Relations specialist); Martin T. Hart, chairman, ValueClick (via John Ardis, VP, Corporate Strategy); Public Relations department, ValueClick
Subject: Heast Corporation, publishing inaccurate information

You published, “Mortgage lenders, auto loan companies, credit card providers, insurance companies, landlords and employers buy credit scores from credit reporting agencies.

Employers do not use credit scores, and this is not the first time you published inaccurate information about them.  Please provide your source regarding this urban myth so that they can be informed about their erroneous information, too.  Who is your source?

What is your correction policy?


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342

MarketWatch, Dow Jones, News Corporation reporting on credit scores and employers

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Monday, March 05, 2012 6:33 PM
To: Rupert Murdoch, chairman and CEO, News Corporation (via Julie Henderson)
Cc: Melissa Rudy; Jennifer Waters, columnist, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation; David Callaway, editor-in-chief, MarketWatch, Wall Street Journal, Dow Jones, News Corporation; Lex Fenwick, CEO, Dow Jones, News Corporation (via Bethany Sherman)
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation, correction III, employers

You published:

Your credit score may be as important as your education and your job skills because it helps you navigate your lifestyle. It’s taken into account when you buy a house, a car or insurance, and when you seek credit for a small business. Increasingly, your score can help you land, or lose out on, a job, an apartment or utilities.

Employers do not use credit scores.

You quoted representatives from VantageScore, Credit.com and Experian.  Experian states: “Experian’s Employment Insight report includes similar information about loans and credit cards that is listed in the credit report. It does not include year of birth, spouse reference, account number or credit score, which are irrelevant to hiring decisions.”

Credit.com claims, “One of the most prevalent credit myths is that employers use credit scores as part of their pre-employment screening processes.”

VantageScore told me that “employers use credit reports and not credit scores.”

If you still believe that your publication is accurate, then who is your organization’s source regarding credit score use by employers?  And, this time, please be specific:  What is the name of one person who said that employers use credit scores?  If the source is a document, please identify it and quote it.

What is your correction policy?


Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio  45409-0342

 

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Wednesday, June 22, 2011 10:15 AM
To: Jennifer Waters, columnist, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation
Cc: Melissa Rudy; Emily Glazer, reporter, Wall Street Journal, News Corporation; Teri Everett, senior vice president, Corporate Affairs & Communications, News Corporation
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation, correction II

If

a + b + c + d + .30 + f = .30

then the sum of… [previous email]

 

Et tu, Suze?

Credit score expert (there are few) John Ulzheimer is a Nonbeliever.

Recently, while schlepping her new prepaid card, Emmy award winner and “internationally acclaimed personal finance expert” Suze Orman has been saying, inaccurately, that employers use credit scores.  However, employers do not use credit scores; they cannot even get them.  One media organization who allowed her to make the statment even edited it out.

Yesterday, Ulzheimer wrote, “My request [to Orman] was very simple: can you please stop saying that employers use credit scores?”

The inaccurate information may never end.