Despite consumer reporting agencies’ emphatic statements that they do not provide credit scores for employment screening, ABC News writes:
But your credit score can also prevent you from getting that new job. Many recent applicants — from the newly divorced to recent grads saddled with student loans – are finding that their credit scores are keeping them from getting hired.
The television network’s statement is part of a request for stories about the topic from readers.
http://www.buffalonews.com/410/story/667793.html
http://www.courier-journal.com/article/20090517/BUSINESS/905170338/1003/ARCHIVES
http://www.ocregister.com/articles/credit-card-rate-2381680-utilization-percent
http://www.fresnobee.com/columnists/salinas/story/1374724.html
http://www.miamiherald.com/136/story/1028698.html
http://www.philly.com/philly/columnists/michelle_singletary/043009_color_of_money.html
http://www.projo.com/business/content/bz_singletary03_05-03-09_DJE6T79_v6.17c60ad.html
From: creditscoring.com
Sent: Wednesday, May 20, 2009 11:35 AM
To: Michelle Singletary, Wasington Post personal finance columnist (The Color of Money email address); Michelle Singletary (another Washington Post email address for Singletary)
Cc: Andy Alexander, Washington Post ombudsman; Andy Alexander (another Washington Post email address for Alexander); Shirley M. Carswell, Washington post deputy managing editor
Subject:RE: credit score, employers III
Please reply.
From: creditscoring.com
Sent: Tuesday, May 19, 2009 8:49 AM
To: Michelle Singletary, Wasington Post personal finance columnist (The Color of Money email address); Michelle Singletary (another Washington Post email address for Singletary)
Cc: Andy Alexander, Washington Post ombudsman
Subject:RE: credit score, employers II
You also wrote, “If the market has widely embraced the FICO credit score, Congress shouldn’t allow business quarrels — not now when credit is hard to get — to result in shutting down access to information that is essential to obtaining the best loan, insurance rate or even a job.”
Please reply.
From: creditscoring.com
Sent: Sunday, May 17, 2009 7:24 PM
To: Michelle Singletary, Wasington Post personal finance columnist (The Color of Money email address); Michelle Singletary (another Washington Post email address for Singletary)
Subject:credit score, employers
You wrote: “And a lower credit score means you pay more for the money you borrow. It can also mean higher insurance rates for your home or car, or worse, the loss of a job.”
Who is your source regarding credit score use by employers?
From: creditscoring.com
Sent: Tuesday, June 09, 2009 12:36 PM
To: Steve Ely, Equifax
Cc: Ilyce Glink; Coretha M. Rushing, chief human resource officer, Equifax
Subject: credit score, employers, Equifax HR
You said, “I will tell you, even when you apply for a job at Equifax, we check your credit score because we’d like to make sure that you are good at managing your money.”
What credit score is required for the CEO’s job?
From: creditscoring.com
Sent: Friday, June 05, 2009 12:09 PM
To: Alice Gomstyn
Cc: Emily Peters
You wrote, “Peters says that nearly a third of your credit score is dependent on how much you owe, compared to how much you have the capacity to borrow — your debt utilization.”
If that ratio represents almost a third of the FICO score, then what percentage does the “Number of accounts with balances” represent?