The consumer reporting agencies all state that they do not provide credit scores for employment purposes.
In 2008, WCBS reported that employers use credit scores:
Now, in 2010, they do it again. Real journalists make corrections.
See the headline using the word Now: “Employers Now Checking Credit Scores Of Applicants” (after they said the same thing two years ago).
Consumer reporting agencies Equifax, TransUnion and Experian all state that they do not provide credit scores for employment screening.
Despite that, the anchor at the CBS–owned television station in Dallas asks the financial expert and analyst to explain it all to us:
It is today’s #1 hit in Yahoo News for the term “credit score” (complete with a picture). You can’t buy that kind of ranking.
You wrote, “In this economy, your credit score is more important than ever before, as prospective employers are looking at them to help in hiring decisions.”
Who is your source regarding credit score use by employers?