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BeatingtheSystem wrote:Is it true that the employment section of your CR is considered in calculating your FICO score?
@Anonymous wrote:
@BeatingtheSystem wrote:Is it true that the employment section of your CR is considered in calculating your FICO score?Only if you are a lawyer/policeman/politician/VIP/etc. Then you get special treatment.
No, it's not true. There is a PowerPoint that pops up every now and again from quite a few years ago, dating from when FICO was testifying before Congress. It implies that occupation mattered, and had a breakdown of how managers outranked supervisory, and supervisory outranked clerical, and God bless the MD's and JD's, but this is no longer used, if it ever was.
I updated my employment on all three reports, one of which had me as a housewife and another of which showed me as unemployed, and there was not a twitch from any of the scores. I made my job look Very Important, too!
@haulingthescoreup wrote:
@Anonymous wrote:Only if you are a lawyer/policeman/politician/VIP/etc. Then you get special treatment.
@BeatingtheSystem wrote:Is it true that the employment section of your CR is considered in calculating your FICO score?
No, it's not true. There is a PowerPoint that pops up every now and again from quite a few years ago, dating from when FICO was testifying before Congress. It implies that occupation mattered, and had a breakdown of how managers outranked supervisory, and supervisory outranked clerical, and God bless the MD's and JD's, but this is no longer used, if it ever was.
I updated my employment on all three reports, one of which had me as a housewife and another of which showed me as unemployed, and there was not a twitch from any of the scores. I made my job look Very Important, too!
specultr wrote:On a credit card application, you usually just have to provide household income and identifying information. Would an occupation entry of "self-employed" on your credit report be a red flag with lenders who might want to investigate your income further?
CreditDrama85 wrote:
what? timothy, you are saying addresses contribute to fico scores? never heard this one