topic Re: My employer on my credit report is OLD in Credit Cards

My employer on my credit report is OLD

Anonymous — Thu, 25 Jun 2009 08:46:10 GMT

My credit report has an employer from 2 jobs and 10 years ago as the last one. Is this something we ask the reporting bureaus to change or do they find out some other way? Or, does it really matter?

All this credit crap makes me want to pay cash for everything ;-)

Re: My employer on my credit report is OLD

haulingthescoreup — Thu, 25 Jun 2009 11:19:11 GMT

I went through the process of getting my employment history cleaned up, and it didn't matter one iota, as best as I could tell. My scores didn't change, of course, and no lender had ever questioned why I was a manager on one report and a housewife on another.

I think that sort of thing is mainly useful in flagging errors (deliberate or accidental) on your reports. If I see one day that my employment history has added oil well driller or something, I'll know that trouble's on the way.

Screwed-up addresses and SSN's are different --conflicts on those can get you denied or put in the pending pile if the lender thinks things don't match up.

Re: My employer on my credit report is OLD

Anonymous — Thu, 25 Jun 2009 15:11:27 GMT

It really has no bearing on credit decisions,but for your own personal satisfaction you can change it yourself. I have done it in the past. At least on TU. On TU,you can click on personal info,find work history and there is a delete button. Also,there is an add an employer button. Hope that helps

Re: My employer on my credit report is OLD

Anonymous — Thu, 25 Jun 2009 20:13:34 GMT

I updated it on all 3 CRA. But only because I was applying for a mortgage and I wanted to head any potential problems off at the pass.

Message Edited by scorerise on 06-25-2009 01:13 PM

Re: My employer on my credit report is OLD

Imhotrodcrazy — Thu, 25 Jun 2009 23:47:09 GMT

@Anonymous wrote:
My credit report has an employer from 2 jobs and 10 years ago as the last one. Is this something we ask the reporting bureaus to change or do they find out some other way? Or, does it really matter?

All this credit crap makes me want to pay cash for everything ;-)

I too, just cleaned up all of my reports with regards to my "employment" history. I just called and did it over the phone. I got rid of the self-employment title since I have been retired for several years. The rep asked me if I wanted to state I was retired and I said no, it's no ones business. It was just a matter of wanting to see a "clean" report.

Re: My employer on my credit report is OLD

Anonymous — Fri, 26 Jun 2009 00:34:17 GMT

@Anonymous wrote:
My credit report has an employer from 2 jobs and 10 years ago as the last one. Is this something we ask the reporting bureaus to change or do they find out some other way? Or, does it really matter?

All this credit crap makes me want to pay cash for everything ;-)

It won't make a FICO difference, however it can at times make a difference for "instant credit decisions" when your stated employment is comparted to CR file info.

It can also increase time for review and verification of loan reviews if your stated application employment does not match. This may lead a lender to consider more scrutiny on employment and income.

It is always a good idea to make sure that your personal data is accurate: Name and variations of name, as well as any "aliases," your addresses, your employment and for those who carry phone numbers as well.

Remember, CRA's are used for identity verification and "information contained in your report" can be used to verify your identity, such as Alliant Credit Union and others use as a question answer challenge which you must answer based upon CR content and if the content is not correct, you may not "pass" the I.D. challenge.