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Credit Scoring Site
The RSS feed for The Credit Scoring Site, a bleak account

• Fair Isaac v. Experian et al react to verdict in VantageScore trial
  Press releases regarding lawsuit between FICO and the credit bureaus over VantageScore. FICO to appeal.

  District Court in midwest rules against Fair Isaac (maybe they should have stayed in California).

• H.R.4173 - Wall Street Reform and Consumer Protection Act of 2009
  U.S. House bill calls for consumers to get same credit scores that lenders get.

  How Experian's action shaped legislation.

• Congressman: Employers use scores, and utilization ratio importance
  Treasury says employers use scores, and a congressman complains; also complains about utilization ratio effect.

  A letter from a congressman to the Comptroller of the Currency, United States Department of the Treasury.

• Credit score utilization ratio misinformation
  Exploding a myth

  Will they issue corrections?

• Credit scores used by employers: Media reports video
  Despite evidence to the contrary, network, cable, local and internet electronic media reports allege credit score use in employment screening.

  The camera never lies.

• The Dallas Morning News on employers not using Equifax credit scores and reports
  Media syndicate reports Equifax does not provide credit scores or even reports to employers, but Equifax's ads say something else.

  Equifax's network of scary, inaccurate advertising

• Average credit score chart, FHA loans
  HUD trend statistics for government insured FHA loans and their FICO scores

  FHA fires back.

• McClatchy newspaper will not identify its sources
  Lawyer takes the fall.

  BONUS: The definition of the use of the word "usually" from the legal profession.

• FICO states average credit score
  FICO CEO's message differs from company line in the past.

  In an August 6 interview on CNBC about a company study, the FICO CEO utters, "Average score is somewhere in the mid 600s." [video]

• Credit score use by employers depiction by CBS
  Dallas CBS television station cannot name its source, but refuses to change its story.

  Despite the CRAs claim that they do not sell scores to for employment, the expert financial analyst launches into his shocking revelation for the viewers of Dallas-Fort Worth, saying, "There are a lot of reasons for this."

• Members of Congress say credit scores are used by employers
  A bill is introduced while the consumer reporting agencies say that they do not even sell credit scores for employment screening.

  Coming soon: Congress makes perpetual motion illegal.

• Average credit score trend chart/time series
  The ups and downs. Are credit scores getting better, or worse?

  A credit score chart, cobbled together from various sources, to show average credit scores over time, year-by-year.

• Training Experian update: Employers and scores
  Another example of Experian saying scores are used by employers.

  Reset the countdown for the correction-- there's another screw-up.

• Getting your Equifax credit report in person
  The secret address

  CreditAccuracy.com shows Equifax its problem and even bends-over backwards to provide a simple solution.

• Consumer finance company accounts
  Consumer finance company accounts affect the FICO score, but credit reports do not identify them.

  A query to Ben Bernanke of the Federal Reserve.

• Credit score range
  Definition and comparison of the ranges of various credit score models, including FICO

  Range vs. scale. List of various credit scores' ranges. Definitions.

• USA Today on employers using credit scores, Part 2
  National newspaper (still) will not identify its source

  Newspaper with top circulation sticks fingers in ears.

• Wikipedia 4-year error
  Overstates importance of credit utilization ratio

  Would you take medical advice from Dr. Veghead?

• USA Today on employers using credit scores, Part 1
  National newspaper will not identify its source

  Vague, unsubstantiated reference to employers using credit scores. Wild goose chase.

• Experian: We don't sell scores to employers. Employers use scores.
  Same story; different consumer reporting agency

  The pitch and the truth.

• Training TransUnion
  TransUnion, pay attention, and make the corrections.

  Here is a road map.

• Training Equifax
  Equifax, pay attention, stop whining and make the corrections.

  Here is a road map. Get real.

• Equifax: We don't sell scores to employers. Employers know your score.
  Missed one

  Equifax notified of conflicting statements.

• TransUnion: We don't sell scores to employers. Employers use scores.
  Back and forth

  TransUnion notified of conflicting statements.

• Equifax reacts
  Changes message

  Removes "employers."

• Equifax employer elephant in the living room
  Unanswered question

  Equifax replies-- but with no answer. A week passes.

• Equifax states that employers can know your credit score
  Consumer reporting agency also said that they do not provide scores for pre employment screening

  Includes email to Equifax for clarification.

• TransUnion employers survey credit report question error
  Consumer reporting agency releases botched survey results

  TransUnion conducted a survey of human resource decision makers, but asked the wrong question.

• What is a credit score?
  Definitions of the term credit score

  Consumer reporting industry and federal government agencies define credit score.

• Free FICO Score update
  Free for the first 10,000

  FICO credit scores for free. The real score.

• Fair Isaac defines subprime as, generally, less than 640 FICO score
  CNBC interviews Fair Isaac CEO about mortgage borrowers

  But, the U.S. Department of Housing and Urban Development Department defines two "Sub-Prime" categories below 660. Other examples contrast with FICO's claim.

• Credit scores used by employers: Believers and Nonbelievers
  Which side are you on?

  Comparison of those who believe credit scores are used by employers in job