Quicken Loans nonsense, and Gilbert’s bitterness about credit scores

Dan Gilbert is bitter.

He made some corrections, but he still has not completed his work.

[previous email exchange]

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Tuesday, September 10, 2013 3:29 PM
To: Bill Emerson, CEO, Quicken Loans; Bill Emerson, CEO, Quicken Loans (via L. Kreder); Bill Emerson, CEO, Quicken Loans (via Help address); Bill Emerson, CEO, Quicken Loans (via assistant’s address)
Cc: Dan Gilbert, Fathead; David Quilty, senior editor, Quizzle LLC; Todd Albery, Leader of the Webolution, Quizzle LLC
Subject: RE: Your horrible, recurring errors, follow III

Your website still states, falsely, “Don’t forget: Many employers also check credit scores, especially when you’re in the hiring process.”

That is nonsense. Employers do not use credit scores. I looked into it.

Who is your regulator?


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

Encounter with billionaire about credit score myth

[PREVIOUS EMAIL]

From: Gilbert, Dan
Sent: Thursday, August 01, 2013 10:53 AM
To: Quilty, David; Albery, Todd
Cc: ‘greg@creditscoring.com’
Subject: Fw: Your horrible, recurring errors

Todd and David,

I truly cannot follow this guy’s point below.

Maybe it got lost through all of the bitterness and anger in his email, but as always, I know you guys will try to get to the bottom of it and understand the feedback to determine if there is a change that needs to take place.

Please keep me posted.

Thank you.
Dan G.

[by “below,” Gilbert refers to previous email]

 

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Thursday, August 01, 2013 12:17 PM
To: Dan Gilbert, Fathead
Subject: RE: Your horrible, recurring errors, follow

Employers do not use credit scores, but your website said (before the error disappeared (“score” is even gone from its headline)), again, that they do.

What don’t you understand about that?


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

 

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Friday, August 02, 2013 1:02 PM
To: Todd Albery, Leader of the Webolution, Quizzle LLC
Cc: Dan Gilbert, Fathead; David Quilty, senior editor, Quizzle LLC
Subject: RE: Your horrible, recurring errors, follow II

Hello, Skippy.

Your error disappeared!  Apparently, lax control is the way to become a billionaire.

I’m still waiting for your boss to reply.  In the meantime, take a look at this.  quickenloans.com states, “Don’t forget: Many employers also check credit scores, especially when you’re in the hiring process.”

Wrong.

Also, some guy wrote (and, Mr. Gilbert left on his website for three years), “If you recognize that maintaining a good credit score is a necessary evil in today’s society because insurers, employers and lenders check scores when making offers, you might consider damage to your credit score a negative consequence of walking away from a mortgage.”

Wrong again.

On that guy’s website, you find the reliability meme, as in: “You can complain about this all that you want, but your whining won’t stop from potential employers from checking out your credit score. The justification that I heard is that an employer will want to see if you’re reliable.”

That was “posted” (as the mommy bloggers say) by yet another guy who tells young people, “Your future employers WILL look at your credit score.”

Elsewhere, that guy gushes: “If you want to build your [CENSORED] for ‘credit score’ or ‘debt management’ than[SIC] just say so! Ask me for my advertising rates and I’m sure that we could work something out.”

Yikes.


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

Dan Gilbert, Fathead

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Thursday, August 01, 2013 10:45 AM
To: David Quilty, senior editor, Quizzle LLC
Cc: Dan Gilbert, Fathead
Subject: Your horrible, recurring errors

You don’t have to say it—I know: I’m overplaying my hand.  But I’m going to make another prediction because you are being Cavalier.

Your website states, “Now when prospective employers vet job candidates, there are two things they’ll likely check on to see if you’d be a responsible employee: 1) your references, and 2) your credit score.”

(I won’t say that you should have used the Comic Sans font because this is not funny.)

That claim is not true.  In fact, it is, flat-out, false.  Look at the correction Dan Gilbert made earlier this year after I only mentioned an error on quizzle.com.  The problem with that childish disappearing act is the URL: http://www.quizzle.com/blog/2012/04/employers-are-checking-credit-scores-are-you-ready/.

Whoopsie.

This time, let’s try something different.

You say that you want guest posts.  Now, I don’t participate in that nonsense because it only seems like a disingenuous effort—one to juice-up search rankings for the guest and the host (I think they call it “link spam”).  But because this is an Ohio thing, I’m going to make an exception to my own high-minded principles.

Here is my first post:

Employers do not use credit scores.  I looked into it.

Greg Fisher, citizen

Bio: Greg Fisher is a citizen.

Your guidelines say that the post must have not been published on another website, so you will have to make an exception.  But this is an extraordinary circumstance: 1) it involves your credibility, 2) it has serious consequences, and 3) I’m right and you’re wrong.  Perhaps the shock of having to admit your failure by publishing that junk will stop you pipsqueaks from spreading the most persistent falsity about credit scores again.

I’m shooting 100% on predictions, and I’m making another one, Sports Fans.  I predict that you will make another correction.

I may be wrong, but I doubt it.


Greg Fisher
The Credit Scoring Site
creditscoring.com
Page A2
pagea2.com
PO Box 342
Dayton, Ohio  45409-0342

[GILBERT’S PERSONAL RESPONSE]

Lifehacker

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Friday, January 18, 2013 1:20 PM
To: Whitson Gordon, editor-in-chief, Lifehacker
Cc: Dan Gilbert
Subject: credit score, inquiries, one additional inquiry may not affect a score

See this message and your response at http://blog.creditscoring.com/?p=4578.  This is a question about misinformation and the speed of its reproduction and at which it is eliminated.

You published, “Another conundrum in the credit world is that each time you apply for a credit card or a loan, you credit score takes a small hit.”

However, contradicting that claim, Fair Isaac, the FICO score company states, “For many people, one additional credit inquiry (voluntary and initiated by an application for credit) may not affect their FICO score at all.”

Your article is the first and most prominent one on your home page.  It is also near the top of a news search for the term credit score.

What indicates that each inquiry lowers a person’s credit score?


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

 

Prediction: Dan Gilbert will make a correction.

Dan Gilbert will make a correction.  That is a prediciton that you can believe, sports fans.  Here’s why.

Gilbert is famous.  He’s a mortgage company, NBA basketball and casino squillionaire.  He is also infamous for a certain prediction about his basketball team.  And, unfortunately, his website, Quizzle.com, states, inaccurately, “Employers are Checking Credit Scores – Are You Ready?”

Employers do not use credit scores.  The credit bureaus state that they do not provide scores for employment purposes.

So, there are three things that @cavsdan can do:

  1. Name at least two employers who use credit scores, exposing them, so that the credit bureaus take serious action, and thus solving one of the greatest mass-media mysteries of the past decade: Just who these mystery employers are.  There are none, of course, so he is not going to do that.
  2. Sell his company before the pressure to make the correction is too great to ignore.
  3. Take his lumps and make a correction to the statement.

Follow the message to Dan Gilbert requesting the truth.