Why is the myFICO employer info out of date?

[Anonymous]

For my list of employers -- it's showing the last 2 jobs -- but is not showing the job that I have been working at for the last 2 years.  Why?

Does this affect the credit score?  Is it pertinent that I have it updated?

Thanks.

Message Edited by born4code on 08-30-2008 06:26 AM

[haulingthescoreup]

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@Anonymous wrote:

For my list of employers -- it's showing the last 2 jobs -- but is not showing the job that I have been working at for the last 2 years. Why?

Does this affect the credit score? Is it pertinent that I have it updated?

Thanks.

Message Edited by born4code on 08-30-2008 06:26 AM

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The myFICO reports should be repeating what's on the underlying full credit reports from the credit bureaus. So more than likely, it's the full reports that need updating.

It doesn't affect your credit score, though. Long ago, occupation was used, or at least, it was considered being used, but it doesn't now. All three of my reports were a little off, or a lot --wrong dates, missing employers, and so forth. One even showed me as a housewife, which sadly, I haven't been for many years. I got them all updated, and my scores didn't twitch.

[Anonymous]

Okay, thanks.

[Anonymous]

I think you might be better off leaving it alone if you can. Just a theory.

[haulingthescoreup]

Lenders do look at your demographics, and they use some of them to verify identity.

I'm guessing that some might be happy to not have current employer ID on there.

[Anonymous]

I am with Pizza on this-

While FICO may not look at this- I think creditors look at this

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ilovepizza wrote:
I think you might be better off leaving it alone if you can. Just a theory.

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[CreditAble]

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Timothy wrote:

I am with Pizza on this-

While FICO may not look at this- I think creditors look at this

ilovepizza wrote:
I think you might be better off leaving it alone if you can. Just a theory.

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I agree with both of you.

If an employment entry doesn't affect scores and certainly can't be used to verify employment, such a history can't do anything but hurt a consumer. Employment history is simply a hit list for a snoop to contact in order to dig up negative information on a consumer.

I believe that primary reason for employment entries on reports is to facilitate skip tracing and other collection activity. 

Has anyone ever had employment entries deleted without having to volunteer current employer data to the credit bureau?

[CreditAble]

haulingthescoreup wrote:

 All three of my reports were a little off, or a lot --wrong dates, missing employers, and so forth.

I got them all updated

 Did you correct existing entries, allow them to remain as history, and add additional employers? That action simply helps the system maintain more unnecessary data  about a consumer. I personally don't want every snoop with a permissible purpose to know more about my employment history than necessary.

 Did you have all employment other than current employer deleted simply by requesting it? That would be my advice for most people if it is possible to do upon request.

 My own reports have no employment history and I prefer it that way. I just wonder if consumers are able to wipe clean an employment history without claiming "unemployed" or "retired".

 Any feed back will be appreciated....primarily to help others as it is not an issue for me personally.

[haulingthescoreup]

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@CreditAble wrote:

Did you correct existing entries, allow them to remain as history, and add additional employers? That action simply helps the system maintain more unnecessary data about a consumer. I personally don't want every snoop with a permissible purpose to know more about my employment history than necessary.

Did you have all employment other than current employer deleted simply by requesting it? That would be my advice for most people if it is possible to do upon request.

My own reports have no employment history and I prefer it that way. I just wonder if consumers are able to wipe clean an employment history without claiming "unemployed" or "retired".

Any feed back will be appreciated....primarily to help others as it is not an issue for me personally.

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I thought about leaving it be, but I don't plan on doing a flit or needing to hide out from anyone. If I have entered into a credit relationship with a lender, I don't think that I have some sort of right to blur my demographics. I know that lots of people like the idea of living semi-off-the-grid, but I don't. And I do understand that other people feel differently, but this is my preference. (I realize that this sounds preachy, and I don't mean it to be, and I'm certainly not aiming at you.)

I'm one of those annoying people who want things to be absolutely correct, dammit. Needless to say, this doesn't mesh well with the whole world of credit, but when I find something that is inaccurate or outdated, I do want it fixed. Even if it increases the distant risk that it might bite me on the butt.

Control freaks have difficult times with the vagaries of credit, lol.

I do think it is useful to have correct addresses. Another mod had Discover pull EX and TU for an app, because EX kept screwing up his current address. Discover pulled a second hard on TU to verify (which seems brutal.)


edit: cna't splel

Message Edited by haulingthescoreup on 09-01-2008 12:20 PM