Enough to be Dangerous: CreditCards.com
Recently, Experian (”the leading global information services company”*) announced that it and CreditCards.com “will co-host a live, interactive, online town-hall discussion of credit reporting and scoring.” CreditCards.com made the same announcement, replete with countdown clock to the exciting event.
Experian’s newfound public outreach/reach-out for goodwill follows the drubbing it took at the hands of Congress and the FTC regarding [...]
Good Morning America says credit score key to job
Meanwhile, the consumer reporting agencies all state that they do not provide credit scores for employment.
Credit dude on hiring and credit scores, Des Moines Register
To: Matt
From: Greg Fisher, creditscoring.com
Date: April 29, 2010
Subject: credit score, employers, Des Moines Register
You said: “Know your credit score. Many employers today take your credit score into consideration when determining if you are the right person for the job.” However, the consumer reporting agencies do not provide credit scores for employment screening.
You are at the top [...]
credit score, employers, Center for Responsible Lending
From: Greg Fisher
Sent: Tuesday, March 30, 2010 10:51 AM
To: julia.gordon@responsiblending.org
cc: drshow@wamu.org
Subject: credit score, employers, Center for Responsible Lending
In response to Diane Rehm’s question about credit score use in pre-employment screening, you did not disagree with the premise: Employers use credit scores.
What evidence suggests that employers use credit scores?
What is the name of an employer who uses [...]
Credit Karma suggests having creditors lie to credit bureaus
Credit Karma CEO Ken Lin says that if you don’t like your credit history, just make one up.
Yesterday, the ABC News NOW interview subject said to beg your lender to change its report to the consumer reporting agencies about you to something more positive. Lin thinks pestering the bank helps, too. “You might want to [...]
Media depiction, credit score use, employers, CBS, Dallas
Consumer reporting agencies Equifax, TransUnion and Experian all state that they do not provide credit scores for employment screening.
Despite that, the anchor at the CBS-owned television station in Dallas asks the financial expert and analyst to explain it all to us:
It is today’s #1 hit in Yahoo News for the term “credit score” (complete with [...]
Debt utilization, how much owed compared to capacity to borrow, ABC News
From: creditscoring.com
Sent: Friday, June 05, 2009 12:09 PM
To: Alice Gomstyn
Cc: Emily Peters
You wrote, “Peters says that nearly a third of your credit score is dependent on how much you owe, compared to how much you have the capacity to borrow — your debt utilization.”
If that ratio represents almost a third of the FICO score, then [...]