Category: Enough to be Dangerous

credit score, employers, Bills.com, KFMB-TV, WorldNow, Gannaway Web Holdings

See this message and your response at https://blog.creditscoring.com/?p=2183 and https://blog.creditscoring.com/?tag=even-employers.

You wrote, “Credit scores are a way that lenders, and even employers and landlords, gauge how reliable you are in the way you handle money.”

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

UPDATE, 2011-06-22
Public interest

From: Greg Fisher 
Sent: Wednesday, June 22, 2011 1:17 PM
To: Andrew Housser, co-founder & CEO, Bills.com
Cc: Michael Azzano, founder, Cosmo PR (for Bills.com); Elisabeth M. Kimmel, owner, KFMB-TV, Midwest Television, Inc.
Subject: RE: credit score, employers, Bills.com, KFMB-TV, WorldNow, Gannaway Web Holdings

The press release “Bills.com Shares Money Saving Strategies for Recent College Graduates” states, “And as more potential employers are reviewing credit scores as part of their hiring process, a bad score can hurt college grads when they apply for jobs.”

What indicates credit score use by employers?

—
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

[previous update]

credit score, employers, NASDAQ, 2011-06-13

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Monday, June 13, 2011 8:37 AM
To: JR Hevron, writer, editor, educator, and content creator, MortgageLoan.com
Subject: credit score, employers, NASDAQ, 2011-06-13

See this message and your response at https://blog.creditscoring.com/?p=2169.

You wrote, “A bad credit score can make it hard to get a job (some employers are taking credit into consideration), a new apartment, and can make for much higher costs on a future mortgage.”

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, Fox Business Network, 2011-06-10

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Saturday, June 11, 2011
To: Emily Driscoll, writer, Fox Business Network
Subject: credit score, employers, Fox Business Network, 2011-06-10

See this message and your response at https://blog.creditscoring.com/?p=2160.  

You wrote, “In addition to making it more difficult to obtain new credit, a weak credit score can also hurt a student’s employment chances.”

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, WalletPop, Virgins

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Friday, June 10, 2011 8:35 AM
To: Mitch Franklin, assistant professor of accounting practice, Whitman School of Management, Syracuse University
Subject: credit score, employers, WalletPop, Virgins

See this message and your response at https://blog.creditscoring.com/?p=2153.

WalletPop.com published:  “But credit scores also factor into insurance rates, and even [“even” was a link to http://www.walletpop.com/photos/credit-score-virgins/3658526/]* potential jobs: employers are increasingly checking scores as part of the application process, Franklin says. ‘People don’t realize how much of an impact their credit score has on their life.’”

What evidence indicates that employers use credit scores?

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

* UPDATE 8/14/13: The link that was under the word “even” above is defunct (and so is WalletPop.com, apparently. Try it: walletpop.com.).  Here is a new link: http://www.dailyfinance.com/photos/credit-score-virgins/#!slide=3658526.

credit score, employers, Black Voice News

From: Greg Fisher
Sent: Monday, June 06, 2011 11:05 PM
To: Black Voice News
Subject: credit score, employers, Black Voice News

See this message and your response at https://blog.creditscoring.com/?p=2129.  

You published: “Imagine being unemployed for nine months and finally a job offer comes your way. Great you’re ready to pop the champagne cork. But wait not so fast. First you have to pass a background check. That could mean pulling your 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, 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, 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 https://blog.creditscoring.com/?p=2122, https://blog.creditscoring.com/?tag=huffingtonpost, and in the Myth category at https://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, Reuters, 2011-05-23

From: Greg Fisher [mailto:greg@creditscoring.com]
Sent: Monday, May 23, 2011
To: John Wasik, columnist, Reuters
Subject: credit score, employers, Reuters, 2011-05-23

See this message and your response at https://blog.creditscoring.com/?p=2116 and https://blog.creditscoring.com/?tag=thomson-reuters.

You wrote, “Potential employers and insurance companies also check credit scores, so your FICO is a keystone to your future security 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

[UPDATE 2011-12-02: See Canada Day]