The consumer reporting agencies all state that they do not provide credit scores for employment screening. However, last month on NBC, “TODAY” host Matt Lauer introduced a segment with this line: “This morning on TODAY’S MONEY, five ways to improve your credit score. It impacts all areas of your life from getting loans to how … Continue reading NBC TODAY: Employers use credit scores
With the Memorial Day weekend fast approaching, syndicated columnist Lew Sichelman took a shortcut. Lew Sichelman, 2002: Beyond that, though, proceed cautiously. One thing you don’t want to do is pay off any judgments or collections that are at least 24 months old. Not only is this “unlikely to get you where you want to go,” … Continue reading Paying judgments: Lew Sichelman, 2002 and 2010
Speech-making, writing, blogging, stating and yakking adds up to much mush Last week, the U.S. Senate passed its financial reform bill with an amendment regarding credit score use in employment. Senator Udall from Colorado sold the idea by saying that employers use credit scores. The problem with that is that the consumer reporting agencies say that they … Continue reading AJC blogger counters her U.S. Senator
Recently, Experian (“the leading global information services company”*) announced that it and CreditCards.com “will co-host a live, interactive, online town-hall discussion of credit reporting and scoring.” CreditCards.com made the same announcement, replete with countdown clock to the exciting event. Experian’s newfound public outreach/reach-out for goodwill follows the drubbing it took at the hands of Congress and the FTC … Continue reading Enough to be Dangerous: CreditCards.com
Meanwhile, the consumer reporting agencies all state that they do not provide credit scores for employment.
From: Greg Fisher To: Sandra F. Braunstein, Federal Reserve Subject: credit score, employers, Federal Reserve, 2010-03-24 cc: Michelle A. Smith, Federal Reserve; ConsumerHelp@FederalReserve.gov; Pierce Nelson, Sibyl Slade, Jean Tate, Federal Reserve, Atlanta; Federal Trade Commission Office of Public Affairs; Gerri Willis, CNN; realstories@cnnmoney.com; letters@smartmoney.com; Aleksandra Todorova, Stephanie Auwerter, SmartMoney; Elizabeth Warren; freshair@whyy.org; talkback@whyy.org; frontline@pbs.org; Gosia … Continue reading Request for Federal Reserve’s evidence regarding employers using credit scores
See if you can follow this. The players The Consumerist, a former property of notorious Gawker Media, is now owned by Consumers Union, publisher of Consumer Reports. The move is nearly inexplicable, but, apparently, CU thinks that that is how to get young and hip. But there is a firewall. A new entity, Consumer Media LLC, … Continue reading mint.com and Experian – strange bedfellows
A thousand comments based on a premise stated by politicians.
WBIR TV-10, Knoxville asks, “Did you know that many potential employers check your credit score?” And, the people at the East Tennessee Gannett television station want you to tell them what you think. Their website says, “Selected comments will air on Wednesday’s 10 News at Five.” Here is one comment that may or may not make it on … Continue reading Employers, scores and WBIR 10 News at Five
Exploding Dave Ramsey’s Zero Credit Score Myth on Ramsey’s Home Turf Following the Credit CARD Act becoming effective, Credit.com’s John Ulzheimer appeared on the FOX Business Network (“the only business network in true high definition”) this morning in a segment called “Tips for Boosting Your Credit Score.” Cross-promoting “financial expert” blowhard Dave Ramsey, anchor Brian Sullivan referred to his colleague saying, snarkily, “I … Continue reading Impossible zero credit score: Ulzheimer 1, Ramsey 0