Tag: 25.5 percent

Editorial distribution

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Thursday, April 11, 2013 8:33 AM
To: Arthur Sulzberger, Jr., publisher, New York Times
Subject: credit score, distribution, New York Times

See this message and your response at https://blog.creditscoring.com/?p=4723.

In an editorial, you published, “But the proportion of people with poor ratings — credit scores under 600 — has grown from about 15 percent in the years before the recession to about 25 percent in 2011.”

According to Fair Isaac, in its FICO 8 credit score model, from 2005 to 2011, the percentage of those under 600 [alternate link, added 2014-02-13] was never lower than 23.

What is the name of the person who wrote that editorial?

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

credit score, employers, Chicago Tribune, 2012-01-13

[for background, see Two and Two: Credit scores fall, AP] 

From: Greg Fisher
Sent: Wednesday, July 21, 2010 8:08 AM
To: Marksjarvis, Gail
Subject: credit scores fall story, 15 to 25.5 percent

You wrote: “According to research released this month by Fair Isaac Corp., which produces FICO credit scores, about 25.5 percent of Americans have credit scores below 599 — a poor score that often interferes with their ability to get a car loan or even other credit cards. That’s far below the long-term average of 15 percent.”

From whom did you learn the 15 percent figure?

 

From: Marksjarvis, Gail
Sent: Wednesday, July 21, 2010 2:04 PM
To: greg@creditscoring.com
Subject: RE: credit scores fall story, 15 to 25.5 percent

Fair Isaac released a study about two weeks ago.

 

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Wednesday, July 21, 2010 1:51 PM
To: Marksjarvis, Gail
Subject: RE: credit scores fall story, not from news release

FICO’s news release does not mention the 15 percent figure.

You make the same error as the Associated Press story regarding the 25.5% number. Actually, 25.5% are under 600, not 599.

Did you take your information from AP?

 

From: Marksjarvis, Gail
Sent: Wednesday, July 21, 2010 4:17 PM
To: ‘greg@creditscoring.com’
Subject: RE: credit scores fall story, not from news release

Is 15 percent wrong?

 

From: Greg Fisher
Sent: Wednesday, July 21, 2010 4:43 PM
To: Marksjarvis, Gail
Cc: Michael Lev, associate managing editor, business, Chicago Tribune
Subject: RE: credit scores fall story, unnamed sources

I don’t know; I didn’t do the research for the story.

This is the third request. Do you refuse to name your source? Or, did you just make up the number, yourself?

 

From: Greg Fisher
Sent: Thursday, July 22, 2010 1:13 PM
To: Marksjarvis, Gail
Cc: Michael Lev, associate managing editor, business, Chicago Tribune; Jane Hirt, managing editor, Chicago Tribune
Subject: RE: credit scores fall story, propagation

Your story just appeared on the Fresno Bee’s website.

Who is your source?

From: Greg Fisher
Sent: Friday, January 20, 2012 1:51 PM
To: Gail MarksJarvis, personal finance columnist, Chicago Tribune
Subject: credit score, employers, Chicago Tribune

You wrote, “Because employers and landlords have access to the scores, it can determine who gets an apartment or even a job.”

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

 

Gannett and the 25.5 percent under 600 FICO credit score statistic

From: Greg Fisher
Sent: Monday, March 14, 2011
To: Susan Tompor, columnist, Detroit Free Press
Subject: Credit scores fall, Detroit Free Press

You wrote: “Consumer credit scores sank to new lows after the recession.  FICO disclosed that 25.5 percent of consumers – nearly 43.4 million people – had a credit score of 599 or below, which means they’re deemed poor risks and either won’t get loans or will pay very dearly for credit cards, car loans or mortgages.”

What is the name of the person who—or what document—is your source for that statistic?

See this message and your reply at https://blog.creditscoring.com/?tag=25-5-percent.

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

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