creditscoring.com gained 30 (+46 for Video 2) views while the Cleveland Fed only increased by 13.
Trend
creditscoring.com:
1993 – 2005 – 2027 – 2540- 2672 – 2702
The Federal Reserve:
554 – 643 – 716 – 1109 – 1194 – 1207
creditscoring.com (Video 2):
Category: Social media
credit score, distribution, MONEY, Time Warner
Yesterday, following a message from creditscoring.com, Time Warner made a correction to its story. Money Girl did not respond.
Here is another message to Time Warner, sent moments ago:
From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Tuesday, June 21, 2011 9:17 AM
To: Ismat Sarah Mangla, writer, MONEY, Time Warner
Subject: credit score, distribution, MONEY, Time Warner
See this message and your response at https://blog.creditscoring.com/?p=2192 and https://blog.creditscoring.com/?tag=time-warner.
You wrote: “Chances are your score is in the top tier: 750 or above out of 850 on the FICO scale. (Check yours for $20 at myfico.com.) That alone qualifies you for membership in a fairly exclusive club : Only a third of Americans have achieved such a high number.”
Who is your source regarding the credit score distribution?
What indicates the one third figure?
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
credit score, utilization ratio, MarketWatch, Wall Street Journal, News Corporation
From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Tuesday, June 21, 2011 12:09 AM
To: Jennifer Waters, columnist, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation
Subject: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation
See this message and your response at https://blog.creditscoring.com/?p=2190, https://blog.creditscoring.com/?tag=wall-street-journal, and https://blog.creditscoring.com/?tag=news-corporation.
You wrote, “It’s a fussier method than that, but your utilization rate is worth some 30% of your score.”
Who is your source for the worth of the utilization rate?
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
UPDATE, 6/21/2011
From: Waters, Jennifer
Sent: Tuesday, June 21, 2011 12:21 AM
To: ‘greg@creditscoring.com’
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation
Experian and TransUnion and FICO.
From: Greg Fisher
Sent: Tuesday, June 21, 2011 12:59 AM
To: Waters, Jennifer
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation, correction
Fair Isaac indicates that the proportion of credit lines used is only one of six items in an entire category which comprises 30%, “Amounts Owed.”
When will you make a correction?
Where do Experian and TransUnion make the statements you refer to?
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
UPDATE, 6/22/2011
Social media
From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Wednesday, June 22, 2011 10:15 AM
To: Jennifer Waters, columnist, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation
Cc: Melissa Rudy; Emily Glazer, reporter, Wall Street Journal, News Corporation; Teri Everett, senior vice president, Corporate Affairs & Communications, News Corporation
Subject: RE: credit score, utilization ratio, Consumer Confidential, MarketWatch, Wall Street Journal, News Corporation, correction II
If
a + b + c + d + .30 + f = .30
then the sum of
a, b, c, d, and f must be zero.
But that must not be true since Fair Isaac said, for instance, regarding the 4th item in the category, “Your FICO Score considers the number of accounts you have with balances” (also, see Equifax, 1997). Are we both talking about the same Fair Isaac?
What is your equation?
Also, could you find somebody to clean up the page titled, “One in Six Employers Looking At Your Credit Report, Study Finds”? On the menu bar in Internet Explorer, click on View, then Source (Ctrl+U in Firefox and Chrome) to see the page’s HTML source code. It still says, “Many employers are checking job candidates’ credit scores, but how big of a factor are credit scores in a company’s eventual decision to hire?”
And, another thing: Please have Rupert Murdoch review the page titled, “How to Score a Free Credit Score.” It says that employers use credit scores, and that is a myth.
And, one more thing: Have Mr. Murdoch review the page titled, “Protect Credit Score.” It has been a month.
See an example of an honorable correction by Gannett on its page titled, “Our view: Credit reports stacked against consumers.”
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
credit score, employers, time.com Moneyland, quickanddirtytips.com Money Girl
From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Monday, June 20, 2011 10:40 AM
To: Scott Medintz, editor, MoneyLand, Time Magazine; Scott Medintz, editor, MoneyLand, Time Magazine
Cc: Laura D. Adams, personal finance expert, Quick and Dirty Tips
Subject: credit score, employers, time.com MoneyLand, quickanddirtytips.com Money Girl
See this message and your response at https://blog.creditscoring.com/?p=2177 and https://blog.creditscoring.com/?cat=134.
You published, “But all of these particulars are either difficult or impossible to change, whereas increasing your credit score is something you can start any time.”
The link in that sentence leads to a page which states, “Your score indicates your creditworthiness to potential lenders, banks, landlords, insurance companies, and even to some employers, for instance.”
However, the national consumer reporting agencies all state that they do not provide credit scores for employment purposes.
What change will you make?
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
——————————————-
UPDATE, 6/21/2011
Time Warner replaced the link with one to Fair Isaac’s page “How to Repair Your Credit and Improve Your FICO Credit Score,” but did not document the correction on the original page. POOF! It just went away.
Moneyland is a magical place.
Here is today’s message to Time Warner.
——————————————-
UPDATE, 6/27/2011
Time is (finally) a Believer. After Moneyland got religion, it even published a new article stating, “It’s important to note that employers can’t actually see your three-digit credit score; as a result, there’s no ‘magic number’ that will make a company accept or reject an applicant.”
But we are still doomed.
SCORE UPDATE: creditscoring.com leads Fed
Here’s the latest score in terms of views:
creditscoring.com: 2672 (says that credit buraus do not sell scores for employment purposes)
The Federal Reserve: 1194 (says employers, indeed, use credit scores)
creditscoring.com: 161 (says that the idea that employers use scores is a myth)
Trend
creditscoring.com:
1993 – 2005 – 2027 – 2540- 2672
The Federal Reserve:
554 – 643 – 716 – 1109 – 1194
creditscoring.com:
161
credit score, employers, Gannett, USA Today, 2011-06-05
From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Monday, June 06, 2011 7:48 AM
To: Letters, USA Today
Cc: Robin Pence, VP, corporate communications, Gannett Co., Inc.; Brent Jones, standards editor, USA Today, Gannett
Subject: credit score, employers, Gannett, USA Today, 2011-06-05
See this message and your response at https://blog.creditscoring.com/?p=2125 and https://blog.creditscoring.com/?tag=gannett .
Yesterday, you published, “Credit scores can determine whether you get a mortgage and what the rate is; whether you qualify for a car loan, a credit card, a rental apartment or insurance; and, in recent years, even whether you get a job.”
However, in another story, you reported: “When employers request information from the credit-reporting agencies, they get a report designed for employers or companies that screen employees. They don’t get the same report provided to lenders. And they don’t get your credit score, the numerical figure lenders use to assess the likelihood you’ll repay a loan, Levin says.”
Further, you also provide a link to a story that states: “In listing the ways that credit scores can be used, I wrote that potential employers look at your credit score to see if you’re under financial stress. Greg Fisher, who runs the website creditscoring.com, called me out on my mistake.”
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
937-681-3224
Credit score, employers and Minyanville
From: Greg Fisher
Sent: Monday, May 09, 2011
To: Todd Harrison, founder and CEO, Minyanville Media, Inc.
Cc: Conor Sen, “Professor,” Minyanville
Subject: credit score, employers, Minyanville
See this message and your response at https://blog.creditscoring.com/?p=2077.
You published, “There was a time when we’d apply for a job or an apartment or a mortgage and not have to worry about a credit score.”
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 myth, Advance Publications, Inc.
From: Greg Fisher
Sent: Thursday, April 07, 2011
To: S. I. Newhouse Jr., chairman and CEO, Advance Publications, Inc.
Cc: John P. Hiner, executive editor, Bay City Times (Advance Publications, Inc.); Matt Sharp, publisher, Bay City Times (Advance Publications, Inc.); Shannon Murphy, reporter, Bay City Times (Advance Publications, Inc.); Karen Rowlader, assistant director of Professionalism, Thomas M. Cooley Law School; Jon Switalski, Michigan state Representative
Subject: credit score employers myth, Advance Publications, Inc.
See this message and your response at https://blog.creditscoring.com/?p=1951.
In an editorial, you published, “Checking credit scores is no longer a reliable or even fair way to rate job candidates.”
What evidence suggests that employers use credit scores in hiring decisions?
—
Greg Fisher
The Credit Scoring Site
creditscoring.com
PO Box 342
Dayton, Ohio 45409-0342
From: creditscoring.com
To: The Honorable Jon Switalski
Cc: Andy Dillon; Todd Heywood, Michigan Messenger
Date: 3/17/09
Subject: credit score, employer
You said, “If employers are allowed to continue using credit scores in hiring decisions, many hard-working people will be unfairly penalized.”
What evidence suggests that employers use credit scores in hiring decisions?
credit score employers myth, Consumerism Commentary
From: Greg Fisher
Sent: Tuesday, April 05, 2011
To: Luke Landes, founder, author, and CEO, Consumerism Commentary
Subject: credit score employers myth, Consumerism Commentary
See this message and your reply at https://blog.creditscoring.com/?p=1948.
You wrote, “FICO and FICO 08 are the most popular credit scores, but when lenders, landlords, employers, and anyone else checking your credit researches your score, they could be looking at any one of a number of scores.”
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
Employers credit score Catch-22 myth, Tribune Co. IV
It has been a contentious and rocky road, but Maryland media may finally be getting it (it’s a start, anyway) right.
After publishing
[Vangel Paper co-owner Valerie S.] Androutsopoulos said she doesn’t have blanket rules about using the reports and tends to ignore bad credit scores if they involve medical or education debts or mortgage issues,
the Baltimore Sun (“Light for All”) publshed a follow-up:
Employers already are barred from seeing a person’s credit score, but the Assembly wants to limit their ability to access the entire report.
Regarding the first piece, the paper’s politics and government editor wrote:
Mr. Fisher:
Thank you for calling this issue to our attention. We have run a correction in our print and online editions.
However, the correction does not appear on the paper’s errors and corrections (named “Corrections and Clarifications”) web page. Further, other items from the same fold are still wrong.
It does not stop with media.