2010 Credit Score News
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1998
12/20/10
CBS News story about credit card myths
CBS News website contains the same sentences found on other websites
Sad.
12/02/10
Enough to be Dangerous: Evidence— in case you don't believe the story about the CreditReport.com stunt
A screenshot
Very funny: After all the hullaballoo (see "Embroilments"), Experian's CreditReport.com made the bogus claim, "CreditReport.com can provide you with a 3 bureau credit report with FICO scores from all three agencies," and, of course, capitulated. Screenshot of the deed.
11/24/10
U.S. PIRG fails to prove employers use credit scores
And demonstrates a lack of knowledge regarding statehouses
Spokesman: "It doesn't matter to me whether employers are using scores, they are using reports, and their use of reports should be rolled back."
11/19/10
FHA mortgage loan minimum credit scores, October 4, 2010
HUD introduces new minimum FICO credit scores and loan-to-value ratio requirements for FHA-insured loans.
While HUD says 580, the market is tighter.
10/21/10
U.S. House representative testifies employers use credit scores
As the consumer reporting agencies deny providing scores to employers, a congressman refers to credit score use in employment screening.
Added feature: Experian
10/5/10
Influence: The Consumerist, Consumers Union, ValueClick
The Believers team meme gains steam, and things aren't always what they seem.
Credit scores in employment and job screening. A correction following email by creditscoring.com. Fabulous Part II.
9/30/10
Influence: Tribune; Los Angeles Times on employers using credit scores
When asked for its source, Tribune Company's LA Times cites eHow.com
creditscoring.com: "If those are your sources, you blew it."
9/23/10
Influence: Forum Communications; interviewee on employers and credit scores
Author attempts to justify her comment that employers use credit scores
Her sources do not support her claim.
9/22/10
Enough to be Dangerous: Mighty Net CreditReport.com
In 2010, Mighty Net's CreditReport.com claims that it provides a 3 bureau credit report with FICO scores from all three agencies
Experian just bought CreditReport.com with all its goofiness.
9/21/10
Influence: Hearst - Fabulous
Hearst's San Francisco Chronicle, Investopedia and Fabulously Broke in the City and credit scores in employment and job screening
Influence > Media > Newspapers > Hearst > San Francisco Chronicle > Fabulous, employers
Fabulous. Just fabulous.
9/17/10
Magic 850
History is replete with numbers that define the world. The world of credit scoring has a famous number, too.
Equifax > Equifax Credit Score > Magic 850
Equifax, the national consumer reporting agency, has discovered the mystical power of 850.
8/27/10
Two and Two: Credit scores fall story, 2010, AP, Part II
Responding to creditscoring.com, FICO removes information that supported Associated Press analysis that scores fell.
Two and Two > Scores fall story > FICO removes distribution charts
Deletion of FICO credit score distribution charts invalidates wire service story.
8/6/10
Employers using credit scores blogger meme
Blogosphere chain reaction furthers the notion of credit score use by employers.
Influence > Media > Magazines > Meme
Fiction influences reality.
7/18/10
Two and Two: Credit scores fall story, July, 2010
Mainstream media report AP reports percentage of consumers with FICO scores under 600 rises to 25%.
Two and Two > Scores fall story
The AP story's premise contains some inconsistencies.
6/29/10
Average credit score is secret
The median FICO credit score was once known to be 723, but now the statistic is proprietary information.
Credit score > FICO > Average > Secret
Contractual agreements between two of the consumer reporting agencies and scoring company FICO prohibit FICO from disclosing the average credit score numbers.
5/31/10
Defense Security Service: Credit scores and security clearances
Federal agency in the Department of Defense states that it does not use credit scores for security clearances.
Influence > Government > Employers > Defense Security Service
Agency reviews credit reports, but not scores.
5/21/10
Two and Two: The missing average FICO credit score
How is America doing? Putting two and two together about the average credit score.
Two and Two > Average
It doesn't add up.
4/29/10
New section: Enough to be Dangerous
First case: U.S. Bank and PrivacyGuard
Enough to be Dangerous > U.S. Bank > PrivacyGuard
Partners sell a Fake-O as FICO.
4/26/10
Federal Reserve tells 111th Congress that employers use credit scores
In 2010, Fed's statement creates a new low point
Influence > Government > Federal Reserve > 2010, U.S. House
A comma tells the story.
4/18/10
Federal Reserve on credit scores used by employers, 2009
The Fed replies with its sources (popular media reports) to support claim that employers use credit scores
Influence > Government > Federal Reserve > 2009 replies
Recently, the Federal Reserve told congress that employers use credit scores. A year before, the Fed answered some questions.
3/31/10
US FICO credit risk score reason codes
Fundamental document from FICO listing all of the FICO credit score reasons that a score is not higher
Credit score > Fico > Factors > Reason codes
A base piece of the puzzle; the reasons that could be given that the score is not higher and that are delivered with a score. Direct from the developer.
3/16/10
AP reports legislator said employers use credit scores
Maryland Delegate replies that the Associated Press made an error with one word
Influence > Media > News agencies > AP > March 1, 2010
A broad reach. The legislator responded.
3/6/10
USA TODAY story on employers and credit scores, 8/11/2003
Gannett outlet fails to provide its source, saying it happened too long ago
Influence > Media > Conglomerates > Gannett > USA TODAY, August 11, 2003
Some information etched into the walls of the internet may never go away, and worse, you may never know who said it.
2/25/10
Mentions of credit scores in employment in Oregon
Chicken/egg dynamic between legislature and media regarding credit score use in employment
Influence > Government > Legislators > Oregon SB 1045
Shooting ducks on a pond. Features TransUnion blowing it again.
2/24/10
Credit score distribution and practical ranges statistics
Industry illustrates FICO credit score breakdown and useable ranges of the distribution
Credit score > Distribution. How many people have what score?
2/15/10
Washington AG: Credit scores and security clearances
Washington state attorney general does not say what security clearances require credit scores
Influence > Government > Washington AG. A lesson on how to use "may" and "can."
1/29/10
H.R.3149 - Congressman's statement about employers using credit scores
Email to congressman and co-sponsors requesting information source
Influence > Government > Legislators. Another attempt to contact the congressman.
1/23/10
zendough - The religion of the credit score
TransUnion floats another credit report and credit score website filling up virtual shelf space
You just have to have faith.
