AOL’s false information under a new name

As the chairman and CEO of AOL, Tim Armstrong (who, actually, thinks he is Donald Trump) is in charge of a lot of stuff.

Sometime between June, 2011 and today, he rejiggered it, and created a dead link in the process.

How does he expect anybody to keep track of his errors?

Here are some more.

He published, “Additionally, employers must notify the job seeker if their credit score was the reason they were not hired” (as if that is possible in the known universe–employers do not use credit scores).

Elsewhere in in his realm (of non-reality): “Ninety percent of banks use credit scores when they determine finance charges such as interest rates on mortgages and other loans. But it doesn’t stop there — potential employers, insurance companies, landlords, and a host of others use these scores as well.”

Here’s another doozy in the Huffington Post. Obliviously, Armstrong let some guy write, “Last fall, Senate Majority Leader Mitch McConnell and Speaker Boehner described changes like the chained CPI and more means-testing of premiums for affluent Medicare beneficiaries as (in McConnell’s words) “the kinds of things that would get Republicans interested in new revenue.”

Senator McConnell–while a fine man–is not in the majority party.

But, this is the best: “House Majority Leader Mitch McConnell has an ingenious plan to save us: Repeal Obamacare!”

Wrong party, wrong body.

Mr. Armstrong, meet Mr. Case.

A reply from a Patch editor

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Tim Armstrong is the chairman and CEO of AOL. That means that he is in control (if you can call it that) of the Huffington Post and Patch. When Armstrong was asked for the source of a claim on Patch, the response came from a Patch editor:

From: Rebecca McCarthy
Sent: Wednesday, August 15, 2012 3:21 PM
To: greg@creditscoring.com
Subject: Re: credit score, employers, Athens Patch, AOL

The author of the story.

On her page titled, “About Rebecca About Rebecca“[SIC] McCarthy states, “I worked as a staff writer for the Atlanta Journal Constitution, and for other newspapers.”

Suze Orman’s schtick

The consumer reporting agencies all state that they do not provide credit scores for employment purposes.

Suze Orman, “internationally acclaimed personal finance expert,” is on tour right now, and tonight, she has a spot on Real Time with Bill Maher [submit question].

Despite the fact that employers do not use credit scores (they cannot even get them), Orman keeps saying (and writing) that employers do use credit scares scores.  It must sell.

Tonight, will she use the same talking point, set the record straight, or neither?  Here are examples of the millionaire’s tour schtick.

Hosted by Allowed to bleat on unquestioned for almost four minutes by the media queen, herself, the expert bloviates, “Now, employers will not hire you unless you have a credit report and a good FICO score” (1:24). Orman gets a pass from the interviewer, Arianna Huffington.

In the article associated with the video, the Huffington Post, itself, says the same thing: “It can also affect their ability to rent an apartment and get a job, as many employers now check credit scores as part of the hiring process.”

Where are all the tough questions?  They just wind her up, and let her go.  Interviewed by an actual namesake–the publisher of ForbesWoman–an oddly agitated, seething Orman said, “And because they have a FICO score, a landlord will rent to them, an employer will hire them, their car insurance will be lower (especially if it’s a good FICO score)” (5:11).

She also said, “In my opinion, credit scoring is obsolete” (1:13) while her mug still sits on the FICO credit score website as she hawks credit scores.

Discussing her legacy (“I’m closer to 61, now, than I am 60.”), the prolific author proclaims to all the people, “I want to create a new scoring system.  I hope they call it the S.O. Score” (5:46).

Oh, brother.

And then (speaking of promoting oneself) there’s the SELF thing, itself.  It is easy to see why Orman would gush, “I love SELF Magazine.” The Condé Nast publication edited out the part about employers and scores.  But they left in the bit about “Suze Orman, the smartest woman about money in perhaps the world.”

Perhaps.

 

VISA spreads credit score myth then says myths run rampant

One of the major proponents of the credit score/employers myth is Visa, Inc.  Ironically, the credit card company just issued the statement, “Visa Inc. Survey: Credit Score Myths Run Rampant.”

In 2007, Visa took it on the chin for its unsubstantiated statements about credit scores and jobs.  The company, through its Practical Money Skills for Life program replied, “We’re not at liberty to disclose specific employers who use credit scores in employee screening, but we are aware of instances in which this has been done.”

Last year, the person at the center of the 2007 silliness did the deed again.  Visa senior director Jason Alderman wrote, “A poor credit score can impact their ability to qualify for loans, secure favorable interest and insurance rates or even get a job or an apartment.”

Unlike other rumormongers (aka journalists with unnamed sources), Visa knows (or, at least, it says it knows) of instances of the alleged illicit, unauthorized practice.  It’s just that it’s a secret.

Visa:  It’s everywhere (unfortunately).

 

From: “creditscoring.com” <greg@creditscoring.com>
Date: Thu, 12 Feb 2009 13:36:22 -0500
To: <info@whatsmyscore.org>, <globalmedia@visa.com>, <valmanaf@visa.com>, <jensenp@visa.com>, <chlebowm@visa.com>
Subject: credit score, employers

You wrote, “Many employers have made checking a credit score a mandatory part of the job application process, just as drug testing and criminal background checks are now common requirements for jobs in many industries.”

and

“Credit scores determine… in some cases, whether you get that job or apartment you’ve been hoping for.”

See http://creditscoring.com/influence/government/employercreditscorebelievers.html#visa1 .

Who is your source regarding credit score use by employers?

What is the name of an employer who uses credit scores?

 

From: Practical Money Skills for Life [mailto:info@practicalmoneyskills.com]
Sent: Tuesday, February 17, 2009 3:52 PM
To: greg@creditscoring.com
Cc: Mark Flanagan
Subject: Re: credit score, employers

Hello Greg

Our source for this information is the Federal Trade Commission. Please see their Consumer Alert here:
http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt053.shtm

We’re not at liberty to disclose specific employers who use credit scores in employee screening, but we are aware of instances in which this has been done.

Thank you.

Practical Money Skills for Life Support
http://www.practicalmoneyskills.com

 

From: creditscoring.com [mailto:greg@creditscoring.com]
Sent: February 17, 2009
To: Practical Money Skills for Life
Cc: pcohen@visa.com; info@whatsmyscore.org; globalmedia@visa.com; valmanaf@visa.com; jensenp@visa.com; chlebowm@visa.com
Subject: Re: credit score, employers II, FTC, identity

The word “score” does not appear in that Federal Trade Commission document.

What are the words on that FTC page to which you refer?  Did you see the actual credit score in the employment screening instances?  Does Visa use credit scores in employee screening?

What is your name?

 

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Wednesday, October 12, 2011 12:31 PM
To: jason@practicalmoneyskills.com
Cc: pcohen@visa.com; info@whatsmyscore.org; globalmedia@visa.com; valmanaf@visa.com; jensenp@visa.com; chlebowm@visa.com; Practical Money Skills for Life
Subject: RE: credit score, employers III, survey

Did you include a question about employers using credit scores?


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

credit score, employers, Huffington Post, 2011-05-31

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Tuesday, May 31, 2011 2:10 PM
To: Bryce Covert, assistant editor, New Deal 2.0
Subject: credit score, employers, Roosevelt Institute, New Deal 2.0, The Swipe, Huffington Post, 2011-05-31

See this message and your response at http://blog.creditscoring.com/?p=2122, http://blog.creditscoring.com/?tag=huffingtonpost, and in the Myth category at http://blog.creditscoring.com/?cat=134.

You wrote:  “As wages fell and consumers took on more debt to compensate, credit scores have become more and more important, as they are a large part of determining a borrower’s creditworthiness. They now even factor into things like job applications [corrected link. 6/9/11, Ed.]… But it doesn’t stop there — potential employers, insurance companies, landlords, and a host of others use these scores as well.”

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, Huffington Post III

[previous message]

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Friday, November 12, 2010 4:39 PM
To: Laura Bassett, reporter, The Huffington Post
Cc: Mario Ruiz, VP, media relations, Huffington Post
Subject: RE: credit score, employers, Huffington Post, identity II

 Please reply.

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

____________________

From: Laura Bassett, reporter, The Huffington Post
Sent: Friday, November 12, 2010 4:43 PM
To: greg@creditscoring.com
Subject: Re: credit score, employers, Huffington Post, identity II

www.amrail.net

____________________

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Friday, November 12, 2010 8:49 PM
To: American Rail Marketing
Cc: Laura Bassett, reporter, The Huffington Post; Mario Ruiz, VP, media relations, Huffington Post; Chris Davis, Huffington Post
Subject: credit score, employers, Huffington Post

The Huffington Post reports: “After working for the same railroad for 14 years, never missing a house or car payment, Sammy Bailey says he never expected his credit score to keep him out of a job… Bailey said he applied for a new job at Am-Rail in Kansas City, Missouri, three weeks ago but failed to pass the background check because of his poor credit.”

Do you use credit scores in employment screening?


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

____________________

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Saturday, November 13, 2010 12:06 AM
To: [name withheld], American Rail Marketing; American Rail Marketing (info@amrail.net)
Subject: RE: credit score, employers, Huffington Post

The last message, which was sent to the email address on your homepage, was returned as not able to be delivered.

Please reply.

____________________

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Saturday, November 20, 2010 10:18 AM
To: American Rail Marketing (info@amrail.net); [name withheld], American Rail Marketing; [name withheld], American Rail Marketing; [name withheld], American Rail Marketing; [name withheld], American Rail Marketing; [name withheld], American Rail Marketing; [name withheld], American Rail Marketing
Cc: Laura Bassett, reporter, The Huffington Post
Subject: RE: credit score, employers, Huffington Post III

The Huffington Post reports: “After working for the same railroad for 14 years, never missing a house or car payment, Sammy Bailey says he never expected his credit score to keep him out of a job… Bailey said he applied for a new job at Am-Rail in Kansas City, Missouri, three weeks ago but failed to pass the background check because of his poor credit.”

Do you use credit scores in employment screening?


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

____________________

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Sunday, November 28, 2010 8:32 PM
To: Laura Bassett, reporter, The Huffington Post
Cc: American Rail Marketing; [name withheld], American Rail Marketing; [name withheld], American Rail Marketing; [name withheld], American Rail Marketing; [name withheld], American Rail Marketing; [name withheld], American Rail Marketing; [name withheld], American Rail Marketing; Mario Ruiz, VP, media relations, Huffington Post; Chris Davis, Huffington Post
Subject: RE: credit score, employers, Huffington Post III

See “credit score, employers, Huffington Post III.”

Did you ask American Rail Marketing if they use credit scores in employment screening?  If you did, what was their response?


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

credit score, employers, Huffington Post, identity

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Thursday, November 11, 2010 8:25 AM
To: Laura Bassett, reporter, The Huffington Post
Subject: credit score, employers, Huffington Post, identity

See http://blog.creditscoring.com/?p=1480.

You wrote: “After working for the same railroad for 14 years, never missing a house or car payment, Sammy Bailey says he never expected his credit score to keep him out of a job… Bailey said he applied for a new job at Am-Rail in Kansas City, Missouri, three weeks ago but failed to pass the background check because of his poor credit.”

Seldom do stories about credit score use in employment mention employers’ names.  The consumer reporting agencies all state that they do not provide credit scores for employment screening.

What is the address, telephone number or website address of Am-Rail?

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