{"id":12881,"date":"2020-03-23T22:35:11","date_gmt":"2020-03-24T02:35:11","guid":{"rendered":"https:\/\/www.duck9.com\/?p=12881"},"modified":"2020-03-24T00:02:31","modified_gmt":"2020-03-24T04:02:31","slug":"employers-use-credit-data-and-even-credit-scores-to-screen-job-applicants","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/employers-use-credit-data-and-even-credit-scores-to-screen-job-applicants\/","title":{"rendered":"Employers and VCs Use Credit Data and Even Credit Scores To Screen Job Applicants"},"content":{"rendered":"
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By Larry Chiang<\/div>\n
Employers. <\/div>\n
Employers want to mitigate risk. Employers want to minimize the risk in hiring the wrong people. Employers want to risk eliminate people who might burn the store down or steal. <\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

“VCs want to see how efficient you are at managing your credit line before they fund your Delaware corporation. Thus, credit data is important.”<\/p>\n

– Larry Chiang<\/p>\n\"image1.jpeg\"Jobapreneur have high fico scores and clean credit because they prepare\n

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To risk mitigate, risk minimize and try to risk eliminate, employers use credit data. <\/div>\n
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<\/span><\/td>\nGreg Fisher 🕘 (@creditscoring)<\/b><\/td>\n<\/tr>\n
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3\/20\/20, 3:06 PM<\/font><\/a><\/div>\n
<\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LarryChiang\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> . I looked into it a long, long time ago.<\/p>\n
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Please explain, Mr. Chiang. #Myth2<\/a> #1510aD<\/a> youtu.be\/qAQGgROORus<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Greg Fisher, when a company confesses to using credit scores, we would be wise to believe their confession<\/p>\n<\/div>\n

Two videos from a monopoly and an oligopoly that clearly state a confession that Fair Isaac and Equifax use credit card credit scores <\/div>\n
– Video one<\/div>\n
pic.twitter.com\/Q4mouSB4f6<\/a> <\/font><\/div>\n
– Video 2<\/div>\n
pic.twitter.com\/aww0nbhVT7<\/a> <\/font><\/div>\n
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<\/span><\/td>\nCEO of Duck9, Larry at (650) 283-8008 (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/23\/20, 10:35 AM<\/font><\/a><\/div>\n
National Association Of Professional Background Screeners #NAPBS<\/a> said this in 2015 from the stage* at 110 E 2nd St. <\/p>\n
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*I wanna say Oct!<\/p>\n

\u00e2\u20ac\u0153When an investigator confesses, I believe them\u00e2\u20ac\u009d. 
\ntwitter.com\/ebiinc\/status\/\u00e2\u20ac\u00a6<\/a><\/p>\n

– <\/a>\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LarryChiang\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a>, CEO duck9 pic.twitter.com\/aNScmKJPQY<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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When a monopoly advertises a confession that employers rely on credit scoring candidates, I\u00e2\u20ac\u2122d believe the fact that employers pull credit reports and score credit<\/span><\/div>\n

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<\/span><\/td>\nCEO of Duck9, Larry at (650) 283-8008 (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/23\/20, 1:29 PM<\/font><\/a><\/div>\n
When a monopoly advertises a confession that employers rely on credit scoring candidates, I\u00e2\u20ac\u2122d believe the fact that employers pull credit reports and score credit #cs183creditScore<\/a>
\n#cs183law<\/a> 🇺🇸 pic.twitter.com\/Q4mouSB4f6<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Experian, Trans Union and Equifax only provide credit data to employers. <\/span><\/p>\n<\/div>\n


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<\/span><\/td>\nCEO of Duck9, Larry at (650) 283-8008 (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/23\/20, 1:43 PM<\/font><\/a><\/div>\n
Experian, Trans Union and Equifax only provide credit data to employers. <\/p>\n
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Steve Sly is on TV saying Equifax runs credit score checks. youtube.com\/watch?v=IM46EG\u00e2\u20ac\u00a6<\/a><\/p>\n

He\u00e2\u20ac\u2122s president of Equifax as per this tv segment pic.twitter.com\/aww0nbhVT7<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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<\/span><\/td>\nCEO of Duck9, Larry at (650) 283-8008 (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/23\/20, 1:34 PM<\/font><\/a><\/div>\n
Employers like Equifax check job applicants credit score #cs183creditScore<\/a>
\n#cs183law<\/a> When oligopolies confess to bending rules, I tend to believe that they continue to break away from rigorously adhering to FCRA with best efforts pic.twitter.com\/sRpYhUHD1M<\/a><\/p>\n

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<\/span><\/td>\nCEO of Duck9, Larry at (650) 283-8008 (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/23\/20, 5:22 PM<\/font><\/a><\/div>\n
\u00e2\u20ac\u0153I\u00e2\u20ac\u2122ve been doing this since 1998.\u00e2\u20ac\u009d<\/p>\n
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– first time caller, \u00e2\u20ac\u02dcGreg Fisher\u00e2\u20ac\u2122Conclusion: Fisher interchanged credit data with credit scoring thinking the two were the same. Credit data is at the basis for credit scores but are not scores themselves pic.twitter.com\/RHmulRED1h<\/a><\/p>\n<\/div>\n<\/div>\n

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<\/td>\nCEO of Duck9, Larry at (650) 283-8008 (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/23\/20, 9:15 PM<\/a><\/div>\n
Employers like Steve Ely use credit scores to screen job applicants for Equifax Personal Information Solutions pic.twitter.com\/ggGOLf4cno<\/span><\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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What\u00e2\u20ac\u2122s more the #NAPBS<\/a> <\/font>openly spoke about using credit scores at their #National APBS<\/a>. <\/font><\/div>\n
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<\/span><\/td>\nCEO of Duck9, Larry at (650) 283-8008 (@6502838008<\/a>)<\/b><\/td>\n<\/tr>\n
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3\/23\/20, 10:53 AM<\/font><\/a><\/div>\n
Credit scores, CNBC, #NAPBS<\/a>. cnbc.com\/2018\/08\/10\/bac\u00e2\u20ac\u00a6<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang Employers.  Employers want to mitigate risk. Employers want to minimize the risk in hiring the wrong people. Employers want to risk eliminate people who might burn the store down or steal.  “VCs want to see how efficient you are at managing your credit line before they fund your Delaware corporation. Thus, credit […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,47],"tags":[],"class_list":["post-12881","post","type-post","status-publish","format-standard","hentry","category-financial-treasure-management-entrepreneurs","category-jobapreneur"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=12881"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12881\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=12881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=12881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=12881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}