Tag: employer

credit score, employers, Washington Post

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?

Equifax states that it checks its job applicants’ credit scores



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?

 

Credit score, job, employer, NBC Washington TV station

 

REPORTER:  “Jim, if finances have a heartbeat, it’s the credit score. It affects what you pay for mortgages or rent, your auto loan, your insurance, your utility deposits, and even if you’ll get a job.”

From: creditscoring.com
Sent: Wednesday, May 20, 2009 2:52 PM
To: Elizabeth Crenshaw (askliz@nbcwashington.com)
Cc: Jeff Zucker, ‘news4pr@nbc.com’; ‘nbc4dc@nbc.com’
Subject: credit score, employers

You said: “If finances have a heartbeat, it’s the credit score. It affects what you pay for mortgages or rent, your auto loan, your insurance, your utility deposits, and even if you’ll get a job.”

 

Who is your source regarding credit score use by employers?

 

Credit Scores Used by Employers: Believers

See Credit scores used by employers:  Believers and Nonbelievers.

Now, only categorized in the influence > government directory, this topic deserves its own section.  FICO, USA Today, the U.S. Treasury Department, Federal Reserve, EEOC and many others communicate a similar message:  Watch out— credit scores are used in employment screening.  But, when contacted, the various media, government agencies, associations and consumer advocates (they all look the same; on the Internet, nobody knows you’re a bureaucrat) come up short when asked for their sources.

So, what’s the big problem with that?  The credit bureaus say that they don’t sell scores to employers.

Credit score, employers, Citi

To: Vikram.Pandit@citi.com
From: “creditscoring.com” <greg@creditscoring.com>
Subject: credit score, employers
Cc: Alberto J. Verme (et al)
Date:  4/5/2009

Vikram Pandit
Citi

You wrote, “Lenders, insurers, landlords, employers and utility companies use your credit score to determine if you qualify for a loan, and at what interest rate and credit limit.”

Who is your source for the information regarding credit score use by employers?

Employers, credit score, Wall Street Journal II

See http://www.usnews.com/blogs/alpha-consumer/2009/2/26/why-credit-scores-matter-on-job-applications.html.

Date: Wed, 25 Mar 2009 12:14:49 -0400
To: Mary Pilon, Wall Street Journal
From: “creditscoring.com” <greg@creditscoring.com>
Subject: credit score, employer

See https://blog.creditscoring.com/?p=344.

This appears in a browser’s title bar for this story: “One in Six Employers Look at Your Credit Score – The Wallet – WSJ”

The description of the page that appears (in addition to the title, above) in search engine results is defined by this, found in the page code:

meta name=”description” content=”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?”

Recently, TransUnion claimed that they made an error in their survey: “The word ‘score’ was inadvertently used and the results based on that phrasing were communicated to you… TransUnion does not provide a credit score for employment screening purposes.”

Did you get that message from TransUnion? Will you make a correction?

Employers, credit score, Wall Street Journal

This appears as the #1 result in a search engine for the term credit score employers:

One in Six Employers Look at Your Credit Score – The Wallet – WSJ
Mar 11, 2009 … Many employers are checking job candidates’ credit scores, but how big of a factor are credit scores in a company’s eventual decision to …

See the comment on the story’s page asking for a correction.