To: Matt
From: Greg Fisher, creditscoring.com
Date: April 29, 2010
Subject: credit score, employers, Des Moines Register
You said: “Know your credit score. Many employers today take your credit score into consideration when determining if you are the right person for the job.” However, the consumer reporting agencies do not provide credit scores for employment screening.
You are at the top of the news searches this morning. The story about people saying employers use credit scores is getting boring. But, identifying who provided that information: Now that’s interesting.
Who is your source regarding credit score use by employers?
Many universities throughout the United States have quite the intimate relationship with major credit card issuers, according to an investigation by the aptly named Huffington Post Investigative Fund.
The publication obtained and scoured a number of “affinity agreements” between the credit card companies and universities, which must now be made public thanks to the new credit card rules.
However, getting your hands on them still seems to be quite a task (as expected), but what they found was definitely worth their time and energy.
Here are some of the key findings:
- Many universities are contractually obligated to share students’ personal info
– Some schools are paid $1 for each student who keeps a credit card open for 90 days
– Certain schools are paid $3 more per credit card when the student carries debt
– Some are paid 0.4% of all retail purchases made with the student credit cards
Based on their research, Bank of America appears to dominate the market, with roughly 700 schools believed to have affinity agreements with the banking giant.
In 2003, the University of Michigan agreed to $25.5 million for an 11-year contract with BofA, while Brown University accepted $2.3 million for seven years back in 2006.
And I’m sure the numbers are just going up – but the schools insist they need the money to pay for all the costs of running campus programs and balancing budgets.
Just seems a bit overboard when there’s an incentive for your students to carry a credit card balance…they should teach students about credit cards and other types of loans before agreeing to market them.
Nowadays there are many people who are struggling with the amount of loans and credit card debts that they have. Indeed the economic crisis has made things worse and some people are just paying the minimum payment on their credit card in order to keep them afloat. So how do you get out of this situation then? The good news is that there are some simple ways that exist that will help you to deal with this difficult situation and this is what you will be learning by having a look at this article.
Firstly I will recommend you to look for the service of a debt consolidation agency to be able to decrease your payment per month.
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June 5th, 2010 in
Fix Yor Credit | tags:
Debts |
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When you picture an identity thief in your head you may imagine a masked man lurking in a corner or staring over people’s shoulders at the ATM. However, it is doubtful you will think of a 31 year old woman working in a nursing home as a big threat. Unfortunately, that is part of the reason that identity thieves are so successful. They prey on people in ways, and in places, that they would not expect them to.
For example, Jean Wright was victimized inside a nursing home by her own occupational therapist. When Wright stayed in the home for a brief period of a few weeks while recovering from knee surgery she befriended Danielle McClain who helped her with her rehabilitation. D
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