From: Greg Fisher Sent: Sunday, March 13, 2011 1:43 AM To: Zillow Cc: Dean Singleton, chairman & CEO, MediaNews Group, Inc.; Dean Singleton, chairman & CEO, MediaNews Group, Inc. Subject: credit score, employers, San Jose Mercury News, MediaNews Group, Zillow
[PLEASE FORWARD TO VERA GIBBONS]
You wrote, “In addition to landlords, cell phone, insurance and utility companies, hospitals and health-care institutions are also starting to check this number, as are an increasing number of employers.”
Who is your source regarding credit score use by employers?
Consumer reporting agencies TransUnion, Equifax and Experian all emphatically state that they do not provide credit scores for employment purposes.
Despite that, again, the Federal Reserve claims that credit scores are, indeed, used in employment. Zillow and the San Francisco Chronicle believe it.
The first sentence of a Federal Reserve Bank of Cleveland commentary states, “Credit scores are used in nearly every part of our lives, from applications for car loans, mortgages, credit cards, and car insurance to even some hiring decisions.”