topic Re: Employers on Credit Reports in General Credit Topics

Employers on Credit Reports

Anonymous — Wed, 20 Mar 2013 03:19:13 GMT

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

Re: Employers on Credit Reports

Anonymous — Wed, 20 Mar 2013 03:22:06 GMT

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.

Re: Employers on Credit Reports

llecs — Wed, 20 Mar 2013 16:30:02 GMT

It doesn't help or hurt your credit any.

Re: Employers on Credit Reports

RobertEG — Wed, 20 Mar 2013 18:43:38 GMT

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.

Re: Employers on Credit Reports

FinStar — Thu, 21 Mar 2013 19:51:55 GMT

@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.

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.

Re: Employers on Credit Reports

mcampbell1014 — Mon, 17 Jun 2013 19:55:11 GMT

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?

Re: Employers on Credit Reports

Anonymous — Tue, 18 Jun 2013 15:56:07 GMT

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.

Re: Employers on Credit Reports

Shogun — Fri, 21 Jun 2013 08:09:35 GMT

@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.

Re: Employers on Credit Reports

lg8302ch — Fri, 21 Jun 2013 08:19:54 GMT

@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

Re: Employers on Credit Reports

takeshi74 — Fri, 21 Jun 2013 15:37:54 GMT

@Anonymous wrote:
I'd rather dispute it off.

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