Prediction: USA Today publisher Gannett will make a correction

USA Today publisher Gannett will make a correction to its latest story about credit scores.  You can believe that prediction because it isn’t easy to get around fundamental numbers.

USA Today claims that the VantageScore credit score scale is 501 to 999 when it is actually 501-990.

But, McPaper is in good company. Testifying before the U.S. House of Representatives, VantageScore chief Barrett Burns committed the same error twice, according to the official record.  VantageScore’s account of history is peculiarly different.

Further, Gannett will make a correction because the company has never come to terms with its inaccurate story about employers and credit scores.  The newspaper’s response was to use the pathetic and annoying “Read the story again” strategy.  Its editorial department (fine people, all) is, thankfully, cooperative and much wiser.  Happy Groundhog Day, by the way.

The numbers journalists use to add credibility to their stories are the same ones that can come back to bite them.

QuinStreet and facts regarding credit scores

From: Greg Fisher
Sent: Friday, September 28, 2012 2:27 PM
To: Barbara Marquand, staff writer, QuinStreet
Cc: Doug Valenti, chairman, QuinStreet
Subject: Experian, Fox Business, Quinstreet, VantageScore; employers

Experian linked to an article on the Fox Business website in which you wrote, “VantageScores range from 501 to 990, and the breakdown of excellent to bad credit is similar to the scale used to calculate grades in school — 900 to 990 is excellent; 800 to 899 is good; 700 to 799 is fair; 600 to 699 is poor; and under 600 is failing.”

Who designated that tier as failing?  And, at what are those in that tier failing?

Also, you wrote, “Even employers sometimes check credit scores to gauge applicants’ sense of personal responsibility.”

What indicates that employers use credit scores?


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