Tag: American Public Media

The Matrix: NBC, Reuters, Suze Orman, FICO and American Public Media

They did the dirty deed, spreading the big credit score urban legend.

Hardy har har.  There’s a tongue in cheek campaign to replace Suze Orman with Reuters’ tough Lauren “I demand a lot of answers” Young. But, in reality, it’s a perfect match.  That is, they both believe the same myth: that employers use credit scores.

Oh, those British and their dry wit.

 

Much ado about A Whole Lotta Nothing

It’s high drama at high noon at American Public Media and the demure New York Times.

JohnUlzheimer.com takes on A.WholeLottaNothing.org later today on APM‘s Marketplace Money.  Pay close attention to another example of the type of report in question, and compare it to the one in part 2.

So, in “What’s hurting your FICO score,” if that is number three in order of impact, then what is number one?

Make some popcorn and listen in.

—

9/30 update:  http://marketplace.publicradio.org/display/web/2011/09/23/mm-are-credit-scores-fair/

credit score, employers, American Public Media

Sometimes, it gets nasty.

In 2009, American Public Media responded regarding the notion of employers using credit scores.

Here is the last part of that exchange:

From: Judson, George
Sent: Friday, May 22, 2009 12:45 PM
To: greg@creditscoring.com
Subject: Marketplace

Mr. Fisher,

Regarding Janet Babin’s feature on FICO scores on Marketplace Money the weekend of April 17, we have confirmed that employers do not receive credit scores when they obtain credit reports for screening job applicants. We’ll correct this on Marketplace Money and in our archives at www.marketplace.org.

George Judson
Managing editor
Marketplace
[email address]
[telephone number]

From: creditscoring.com [mailto:greg@creditscoring.com]
Sent: Friday, May 22, 2009 11:17 AM
To: Judson, George; Babin, Janet; Robideau, Brad
Cc: Ira Rheingold, National Association of Consumer Advocates; Burt Flickinger, Strategic Resource Group; Steven Wagner, Experian; TessVigeland; Brad Anderson, Best Buy; ‘Andy Bessette’; Susan Boren, Spencer Stuart; ‘George Buckley’; Gordon Crawford; mail@kpcc; Patrick J. Denzer; Janet M. Dolan; Ian R. Friendly; Kling, Bill; Schmitt, Christina; news@unc.edu; wunc@wunc.org; info@naca.net; Ian Lyngklip; DeVonna Joy; Susan Henson, Experian; Jarrett Crowell
Subject: RE: credit score, employers VIII, exactly V

For the feature, who was your source for the information regarding credit score use by employers?

Who confirmed that employers do not receive credit scores?

From: Judson, George
Sent: Friday, May 22, 2009 2:46 PM
To: creditscoring.com
Subject: RE: credit score, employers VIII, exactly V

None of your business. Take your obsession elsewhere.

See the 7/25/11 message to APM.

credit score, employers, Minnesota Public Radio

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Monday, July 25, 2011 9:50 PM
To: Jessica Mador, reporter, Minnesota Public Radio
Subject: credit score, employers, Minnesota Public Radio

See this message and your reply at https://blog.creditscoring.com/?p=2343.

You reported, “Credit scores are often used as a factor to approve credit, insurance and some rental and employment opportunities.”

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