topic Re: Employment Data Reported in Understanding FICO® Scoring

Employment Data Reported

Anonymous — Fri, 10 Aug 2007 16:33:03 GMT

How do I go about updating the Employment Data reported on my credit report. My position and employer name is wrong.

How do I change it to be accurate and does this make a difference in your FICO score?

Re: Employment Data Reported

Anonymous — Fri, 10 Aug 2007 17:03:47 GMT

Contact the credit bureau and it does not affect your score one bit.

Re: Employment Data Reported

Anonymous — Fri, 10 Aug 2007 18:59:47 GMT

True, it does not affect your score. It's odd that your position was reported -- generally job titles are not.

Re: Employment Data Reported

Anonymous — Wed, 29 Aug 2007 23:25:38 GMT

If it doesn't effect your score, why does my report list my amount of outstanding debt as not good?

BTW the total is only $3700.00

I would think this would be based on some kind of debt to income ratio.

I retired from the Army in 1999 and my report shows no employments since. I worked overseas for most of the time since but now am working in the US.

Re: Employment Data Reported

Anonymous — Thu, 30 Aug 2007 05:37:25 GMT

@Anonymous wrote:
If it doesn't effect your score, why does my report list my amount of outstanding debt as not good?
BTW the total is only $3700.00
I would think this would be based on some kind of debt to income ratio.
I retired from the Army in 1999 and my report shows no employments since. I worked overseas for most of the time since but now am working in the US.

Debt to available credit ratio. Virtually any debt is risk. If you don't owe money you can't fail to pay back. Owing no money at all leaves you out of practice. The tiniest balance is best.