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Established Contributor
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Registered: ‎02-20-2013
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Employers on Credit Reports

Is there any reason employers should be listed on a credit report? I'd rather dispute it off.


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Moderator
Posts: 22,406
Registered: ‎01-17-2008
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Re: Employers on Credit Reports

It's on there because when you apply for credit the creditor asks who your employeer is.  They in turn report that to the CRAs.

 

Their names only help in identifying you.

Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
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Re: Employers on Credit Reports

It doesn't help or hurt your credit any.

Mega Contributor
Posts: 19,019
Registered: ‎03-19-2007
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Re: Employers on Credit Reports

A good reason.  Potential creditors assessing your risk want to know if you are employed.

Credit reports are used for a whole lot more than just generation of a credit score.

While not used directly in credit scoring, it could be a huge factor in assessment of a consumer.

 

 

 

Valued Contributor
Posts: 7,025
Registered: ‎10-21-2012
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Re: Employers on Credit Reports


RobertEG wrote:

A good reason.  Potential creditors assessing your risk want to know if you are employed.

Credit reports are used for a whole lot more than just generation of a credit score.

While not used directly in credit scoring, it could be a huge factor in assessment of a consumer.

 

 

 


+1

 

The employment information contained in your report cannot be deleted.  If this is the information you furnished at the time of any permissible purpose for credit, it will be listed.  Like others have mentioned, there is a lot more involved with your consumer credit file than just a score and account/TL history.

New Member
Posts: 4
Registered: ‎12-31-2012
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Re: Employers on Credit Reports

What if it is not infomation that you furnished?  For some reason, my ex husband's employer and his parents address are showing up on my CR as an employer and an address of mine even though I have never worked there or lived there.  Is there some way to have this taken off?  Is it just a matter of doing a dispute?  

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Posts: 1,057
Registered: ‎09-29-2009
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Re: Employers on Credit Reports

I know for the address you can dispute and have it taken off if it is not associated with a current tradeline. Do you have any remaining open joint accounts with your ex? If it is associated with an open tradeline it will simply reappear the next time it reports. If you get your credit reports from the annual credit report site then there are a series of numbers associated with each address that correspond to the tradelines shown on the report (e.g. the address will have a 12345 code and one of your accounts will be titled 12345.) There may be more than one account tied to each address. If the account is closed or it is no longer on the report then the address deletion is easy.

 

I'm afraid I don't have any experience in trying to change employer information but as noted above it is more likely to help than hurt.

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Posts: 12,952
Registered: ‎04-15-2011
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Re: Employers on Credit Reports


FinStar wrote:

RobertEG wrote:

A good reason.  Potential creditors assessing your risk want to know if you are employed.

Credit reports are used for a whole lot more than just generation of a credit score.

While not used directly in credit scoring, it could be a huge factor in assessment of a consumer.

 

 

 


+1

 

The employment information contained in your report cannot be deleted.  If this is the information you furnished at the time of any permissible purpose for credit, it will be listed.  Like others have mentioned, there is a lot more involved with your consumer credit file than just a score and account/TL history.


Yes it can be deleted.  I've had it done.  Mine was a past employer and they had all the information wrong.


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Senior Contributor
Posts: 3,250
Registered: ‎11-13-2012
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Re: Employers on Credit Reports


RobertEG wrote:

A good reason.  Potential creditors assessing your risk want to know if you are employed.

Credit reports are used for a whole lot more than just generation of a credit score.

While not used directly in credit scoring, it could be a huge factor in assessment of a consumer.

 

 

 


My employer is only listed on EX. TU and EQ are blank. I thought credit cards would report the same info to all bureaus :smileysurprised:

FICO® EQ 795 (as of today) - TU 778 (12/27) ¦ Fako EX 811 (12/02 - CS) ¦ last app 01/19/15 ¦ INQ last 2 yrs TU: 5, EX: 5, EQ: 3

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Valued Contributor
Posts: 3,539
Registered: ‎06-05-2013
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Re: Employers on Credit Reports


NJTurnpike wrote:

I'd rather dispute it off.


Why would you want your employment history to look worse than it actually is?


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