Colorado SB13-018

Employers do not use credit scores.  They cannot even get them.

However, the website of Colorado State Senate Majority Leader Morgan Carroll states, as part of her first priority for the 2013 legislative session, “Efforts to ‘Buy Local’ will strengthen our local economy and addressing the misuse of credit scores in hiring practices will help many unemployed people get back to work.”

There is no misuse, of course, because there is no use, at all.

On April 19, Colorado’s governor signed Senate Bill 13-018, making it law.

Senator Carroll‘s website also states, inaccurately, “60% of employers are now using credit scores as part of their hiring decisions. (Discrediting America 2011).”

That refers to a study by an organization named Demos, whose representative testified (with impressive detail) in Connecticut: “And it really just depends on the method through which the employer gets their credit scores. A lot of times they come bundled with background checks, for example, and that’s part of the reason for the proliferation.”

The legislation under consideration in Connecticut that day became law, too.

Now, in New York:


Colorado, Morgan and the credit score zombie myth

The news media seem to repeat anything politicians tell them, including what one expert calls “The Myth of the Decade.”

That was the last decade, by the way.

The credit-scores-are-used-by-employers zombie myth’s life undead existence was reanimated again recently thanks to CBS’s Channel 4 in Denver, the Associated Press, the Denver Post— and the Post and the AP acting together.  The inaccurate information is even back on Wikipedia.

At the Colorado statehouse, the misinformation pushes Senate Bill 3 toward the brink. State senator Morgan Carrol’s bill states, “In spite of these systemic flaws, the nonpartisan public policy research and advocacy organization Demos concluded in its 2011 report ‘Discrediting America‘ that consumer credit scores and credit reports are being used more often and in more contexts than ever before, including by employers, utility companies, and insurers.”

Join the side of the truth, or the zombie myth may never end, Morgan.  Morgan.  Three years.  Three years.

credit score, employers, CBS4 Denver

From: Greg Fisher []
Sent: Friday, February 10, 2012 9:56 AM
To: Rachel Lulay, CBS, National Amusements
Cc: Gloria Neal, award winning on-air talent, CBS4 Denver, National Amusements; Tim Wieland, news director, CBS4 Denver, National Amusements; Randy Fischer, state representative, Colorado; Randy Fischer, state representative, Colorado; Morgan Carroll, majority caucus chair, state senator, Colorado
Subject: credit score, employers, CBS4 Denver, National Amusements

See this message and your response at

You broadcast, “I was surprised to learn that a lot of companies already do look at credit scores when hiring.”

Your report is inaccurate.  The national consumer reporting agencies all state that they do not provide credit scores for employment screening.

On what day before the hearing will you broadcast a correction at the same time of day?

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

credit score, employers, KXRM-TV Fox 21, Colorado Springs

From: Greg Fisher []
Sent: Friday, February 05, 2010 2:05 PM
Subject: credit score, employers, KXRM-TV Fox 21, Colorado Springs

You wrote, “Your credit score can help or hurt you every time you apply for a loan, buy car insurance, Continue reading credit score, employers, KXRM-TV Fox 21, Colorado Springs