Credit scores not impacted by employer listing or income

Dear Experian,

It appears all three credit reporting agencies had listed my employer incorrectly. What impact does my correct employment and earnings have on my credit rating?



Dear RCH,

None of your identifying information is included in credit score calculations. That includes your employer and your income. However, lenders may take both into consideration along with your credit history and credit scores.

The list of employers in your credit report is not meant to be a complete list of your employment history. Instead, the list acts as another identity verification tool.

You might not see all of your employers listed because employment is typically only updated when you apply for a new account. When you complete an application you are usually asked to list your current employer. The employer you provide is often included with other application information about your identity when the new account is reported to Experian.

If you have changed jobs since the last time you applied for credit, that new information wouldn’t be reported to Experian by your current creditors because they wouldn’t be aware of the change.

Income is not part of your credit history. Instead, you provide that information when you complete the credit application and lenders perform a separate evaluation of your ability to pay.

Thanks for asking.

The “Ask Experian” team

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