Tag: News Corporation

credit score, employers, Fox Business Network, 2011-06-10

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Saturday, June 11, 2011
To: Emily Driscoll, writer, Fox Business Network
Subject: credit score, employers, Fox Business Network, 2011-06-10

See this message and your response at https://blog.creditscoring.com/?p=2160.  

You wrote, “In addition to making it more difficult to obtain new credit, a weak credit score can also hurt a student’s employment chances.”

Who is your source regarding credit score use by employers?

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

credit score, employers, Wall Street Journal

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Sunday, May 22, 2011 4:33 PM
To: Emily Glazer, reporter, Wall Street Journal
Subject: credit score, employers, Wall Street Journal

See this message and your response at https://blog.creditscoring.com/?p=2114.  

You wrote, “A credit score also is used when you apply for an apartment lease and even for some jobs.”

Who is your source regarding credit score use by employers?

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

UPDATE, 2011-06-22

From: Greg Fisher [mailto:greg@creditscoring.com] 
Sent: Tuesday, May 24, 2011 12:57 PM
To: Glazer, Emily
Cc: Everett, Teri M. ( NewsCorp )
Subject: RE: credit score, employers, Wall Street Journal

Please reply.

From: Glazer, Emily 
Sent: Tuesday, May 24, 2011 5:52 PM
To: ‘greg@creditscoring.com‘
Cc: Everett, Teri M. ( NewsCorp )
Subject: RE: credit score, employers, Wall Street Journal

Hi Greg,

Thanks for reading the article and reaching out. I apologize for my delayed reply – I went through my inbox and I never received your original email.

A number of sources, including Alexa von Tobel from personal-finance website LearnVest.com, had mentioned that some employers check your credit score. This is most prevalent with various background searches during job interviews as a low score could put you at a hiring disadvantage.

Cheers,
Emily

From: Greg Fisher [mailto:greg@creditscoring.com] 
Sent: Thursday, June 02, 2011 12:29 AM
To: Glazer, Emily
Subject: RE: credit score, employers, Wall Street Journal, LearnVest

LearnVest.com states, “While employers cannot access credit scores, they are given a history of missed bill payments, debts, and bankruptcies.”

How did you obtain the information you attribute to Ms. von Tobel?

From: Glazer, Emily 
Sent: Thursday, June 02, 2011 10:15 AM
To: ‘greg@creditscoring.com‘
Subject: RE: credit score, employers, Wall Street Journal, LearnVest

Hi Greg,

The information was obtained through a phone interview. We wrote “and even for some jobs” because it depends on the company.

Thank you,
Emily

From: Greg Fisher [mailto:greg@creditscoring.com] 
Sent: Thursday, June 02, 2011 11:21 AM
To: Alexa von Tobel, CEO & founder, LearnVest
Cc: Emily Glazer, reporter, Wall Street Journal
Subject: FW: credit score, employers, Wall Street Journal, LearnVest

What indicates that employers use credit scores?

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

On Jun 3, 2011, at 11:54 AM, Greg Fisher wrote:

Please reply.

From: Maria Lin
Sent: Monday, June 06, 2011 10:19 AM
To: greg@creditscoring.com
Cc: Alexa von Tobel, CEO & founder, LearnVest; Ann Kaplan, chair of the board, LearnVest; Emily Glazer, reporter, Wall Street Journal
Subject:Re: credit score, employers, Wall Street Journal, LearnVest II

Hello Greg:

According to one source, the Society for Human Resource Management, 43% of their companies ran credit checks on some or all potential hires according to a poll they conducted a few years ago.

Links to a few of their reports are below.

http://www.shrm.org/Research/SurveyFindings/Articles/Pages/Backroundcheckingcomparative.aspx

http://www.shrm.org/Research/SurveyFindings/Articles/Pages/BackgroundCheckingImplications.aspx

Please feel free to reach out to them directly to confirm the answers to your questions.

Best regards,

Maria

~ 
Maria Lin
Editor in Chief
Learnvest, Inc.
740 Broadway, Suite 1002
New York, NY 10012
xxx.xxx.xxxx (office)
xxx.xxx.xxxx (cell)
xxx.xxx.xxxx (fax)

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Monday, June 06, 2011 12:25 PM
To: Glazer, Emily
Cc: Alexa von Tobel, CEO & founder, LearnVest; Ann Kaplan, chair of the board, LearnVest; Maria Lin, editor in chief, Learnvest, Inc.
Subject:RE: credit score, employers, Wall Street Journal, LearnVest II

SHRM told me that its survey does not address credit scores.

What correction will you make?

From: Hughes, Jennifer 
Sent: Thursday, April 09, 2009 5:04 PM
To: creditscoring.com
Subject: RE: credit score, employers III

Hi Greg,

Neither survey discusses credit scores, only credit checks.

Sorry!

Thanks,
Jenny

Jennifer Hughes
Media Affairs Specialist
Society for Human Resource Management
1800 Duke Street
Alexandria, VA 22314-3499
Phone: xxx-xxx-xxxx

E-mail: xxxx@xxxx.xxx
www.shrm.org

 HR Leadership for the New Economy.  Only at the SHRM Annual Conference & Exposition.
June 28 – July 1, 2009 | New Orleans, La.
Find out more at www.shrm.org/conferences/annual.
—————————————-

From: creditscoring.com [mailto:greg@creditscoring.com]
Sent: Thursday, April 09, 2009 4:45 PM
To: Hughes, Jennifer
Subject: RE: credit score, employers III

Thank you.

What are the survey results regarding credit scores (a single number calculated from a person’s credit history), specifically?

Do any of the survey questions use the term “credit score”?
—————————————-

At 11:31 AM 4/9/2009, Hughes, Jennifer wrote:

Hi Greg,

According to SHRM’s 2006 Weapons in the Workplace Survey, 42% of surveyed employers run credit checks on potential employees as part of routine background checks. In SHRM’s 2004 Reference and Background Checking Survey, 19% of surveyed employers said they always used credit checks as a type of information in a background check, 24% sometimes used credit checks, and 18% rarely used credit checks.

If you have any other questions, let me know.

Thanks,
Jenny

Jennifer Hughes
Media Affairs Specialist
Society for Human Resource Management
1800 Duke Street
Alexandria, VA 22314-3499
Phone: xxx-xxx-xxxx
E-mail: xxxx@xxxx.xxx
www.shrm.org
 
HR Leadership for the New Economy.  Only at the SHRM Annual Conference & Exposition.
June 28 – July 1, 2009 | New Orleans, La.
Find out more at www.shrm.org/conferences/annual.
—————————————-

From: creditscoring.com [ mailto:greg@creditscoring.com]
Sent: Thursday, April 09, 2009 10:39 AM
To: Malveaux, Julie; Harris, Jeanene; Hughes, Jennifer
Subject: RE: credit score, employers III
 
Do you claim that employers use credit scores?

From: Glazer, Emily
Sent: Monday, June 06, 2011 12:54 PM
To: ‘greg@creditscoring.com’
Subject:RE: credit score, employers, Wall Street Journal, LearnVest II

Thanks for pointing this out, Greg. I’m going to talk with my editor and will get back to you.

Cheers,
Emily

From: Alexa von Tobel
Sent: Friday, June 03, 2011 8:42 PM
To: greg@creditscoring.com
Subject:Re: credit score, employers, Wall Street Journal, LearnVest II

Greg, I am currently traveling out of the country for work, but happy to get back to you as soon as I have better access to email. Hope you are having a great weekend!
-Alexa

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Friday, June 10, 2011 12:51 PM
To: Alexa von Tobel, CEO & founder, LearnVest
Cc: Ann Kaplan, chair of the board, LearnVest; Maria Lin, editor in chief, Learnvest, Inc.; Emily Glazer, reporter, Wall Street Journal
Subject:RE: credit score, employers, Wall Street Journal, LearnVest II

When do you return?

Credit score employers myth debunked on Fox News by lawyer

Credit scores are not used as some kind of cut-off point in hiring decisions. In fact, credit scores are not used in employment, at all.

It’s a myth.

In an appearance on Fox News, lawyer Pamela Devata articulates the misperception: “Employers are not using credit reports to eliminate groups of people at the beginning of the hiring process. Credit scores are not in employment reports, and therefore employers have to actually engage in a detailed and, often, time-consuming analysis to review the information in a credit report.” [1:40]

Last year, the other person on the broadcast, Maryland state legislator Kirill Reznik, blamed media for the confusion.

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

Wading through the muck, yesterday we learned that pressreleasemag.com published–

“Unfortunately, for people who are unemployed, this can easily become a catch-22: If their credit score dips because of the financial straits caused by unemployment, they may have increasing trouble finding a new job, because their credit score is low.”

— which are exactly the same words that CreditCardGuide.com published.

The CreditCardGuide.com author said that one of her sources is–

http://www.moolanomy.com/3770/why-a-good-credit-rating-is-important-even-if-you-dont-use-credit-mmarquit01/ .

The Moolanomy author said that one of her sources is–

http://blogs.wsj.com/wallet/2009/03/11/one-in-six-employers-looking-at-your-credit-report-study-finds/ .

The Wall Street Journal item, because of its original claim and whose page  contains a comment questioning the story’s accuracy (Lester Rosen, an expert who calls it an urban myth also commented), still states that employers use credit scores in its source code.  It says, “<meta content=”Many employers are checking job candidates’ credit scores, but how big of a factor are credit scores in a company’s eventual decision to hire?” />” (in Internet Explorer 8, on the menu bar, click on View, then Source (or use Alt+V, C) to see it; in Firefox, click on  View, then Page Source (or use  Ctrl+U)).

So, for instance, in Yahoo!, if you search for the term credit scores employers, the results page shows this for the Wall Street Journal page:   

One in Six Employers Look at Your Credit Report – The Wallet …
Many employers are checking job candidates’ credit scores, but how big of a factor are credit scores in a company’s eventual decision to hire?
blogs.wsj.com/wallet/2009/03/11/one-in-six-employers… – Cached

Despite even the comment right on his page, Rupert Murdoch has still not made a correction to that meta description tag.  He does not know how to use the internet.

So, Moolanomy is a source for Bankrate.  Martin Halusa has not made an “update.”