Does Your Employer Appear On Your Credit Report?

If you’re wondering whether your employer appears on your credit report, you’ve come to the right place as we will provide you with everything you need to know about your employment appearing on your credit report.

Does Your Employer Appear On Your Credit Report?

Yes, your current and former employers can appear on your credit report. The employer information that appears on your credit report is gained through the information that you provided to lenders on credit applications.

For example, when you submit a credit application to take out a personal loan or obtain a car loan, you’re required to fill out a credit application that asks for your employer information. When you enter your employer information, that information can be reported to the credit bureaus. The credit bureaus will then add your employer information to your credit report.

CSP Pro Tip: Simply working for an employer will not cause them to appear on your credit report. An employer will only appear on your credit report if you list them on a credit application, such as a credit card application or loan application.

Your credit report may contain both your past and current employer. The employer information that shows on your credit report depends on the employer information you provided on credit applications.

For example, if you submitted a credit card application, home mortgage application, personal loan application, or any other type of credit application where you listed your employer, that information could have been provided by the lender to the credit reporting bureaus, appearing on your credit report.

Your employer information is not submitted by your employers to the credit reporting bureaus.

Typically, your employer information is added to the credit application to verify your employment and income so that the lender can assess your creditworthiness in determining whether to extend credit to you or lend you money.

After you fill out a credit application, your lender submits the information to the credit reporting bureaus (Experian, Transunion, and Equifax). Once the credit bureaus have the information, they will include your employer information on your credit report.

That said, although lenders are not required to send the name of your employer to the credit bureaus, they often do send that information. Once it is sent, it will likely appear on your credit report.

That said, although your employer information may appear on your credit report, your income and your job position will not appear on your credit report. Only the name of the employer will be listed on your credit report.

Does The Employer Information On Your Credit Report Affect Your Credit Score?

The employer information that may appear on your credit report has no effect on your credit score. This is so because your credit score does not factor in your employment status or employer information when calculating your credit score. So, you could have no employer information on your credit report or the best employer on your credit report, and there would be no effect on your credit score.

Credit scores only take into account how you’ve handled repayment of debt in the past and in the present. Your employer does little in terms of demonstrating how you are likely to handle credit, and so it does not impact your credit score.

So, you may be asking yourself: why is your employer even included in your credit report?

Your employer is included in your credit report to assist lenders and creditors with verifying your identity. For example, if you are applying for a personal loan, your lender may ask you for your previous employers in order to verify your identity and process your personal loan application.

How Can You Update the Employer Information On Your Credit Report?

The only way to update the employer information on your credit report is to submit a credit application that contains your new employer information. Even then, submitting your new employer information via credit application will not remove your older employer information from your credit report. This is so because your credit report shows a list of former and current employers that were named on your credit application. Submitting a new employer will not remove old employers from your credit report.

Nevertheless, don’t worry too much about employer information on your credit report because your employer information has no effect on your credit score.

That said, if the wrong employer information appears on your credit report, you can file a dispute to have the wrong employer information removed from your credit report.

After you file a credit dispute, the credit reporting bureaus will conduct an investigation to determine whether the employer information furnished to them is indeed accurate.

If the investigation reveals that there is an error in the information appearing on your credit report, they will remove it from your credit report.

However, if your employer information is valid, it will not be removed from your credit report and will remain on there.

Do Past Employers Appear On Your Credit Report?

If you’ve listed your past employers on credit applications, your past employers may appear on your credit report. It all depends on whether they were listed on a credit application and whether your lender furnished your employer information to the credit reporting bureaus. If they did furnish the information, it will appear on your credit report.

That said, not all of your past employers will appear on your credit report, the only ones that will appear are ones you listed on a credit application.

Does Your Current Employer Appear On Your Credit Report?

Your current employer could appear on your credit report only if you listed them as your employer on a credit application. Simply working for an employer will not add them to your credit report. You must list them on a credit application for them to appear on your credit report.

For example, if you work at Microsoft and you haven’t applied for credit while working with them. They will not appear on your credit report. However, if while working at Amazon, you applied for a car loan and listed them as your employer, they will appear on your credit report.

How to Check Which Employers Are Listed On Your Credit Report?

You can check which employers are listed on your credit report by reviewing all three of your credit reports. Typically, your employers will be listed under the employer information section of your credit report. We suggest that you check all three credit reports because the information in each of your credit reports is different. This is so because some lenders choose to report to one or two of the credit reporting bureaus. So, to see all employers that are reported on your credit reports, you should review all three of your credit reports from Experian, Transunion, and Equifax.

The Bottom Line

At this point, it should be apparent that your employer information could appear on your credit report if you listed the employer on a credit application. This is so because your lender may have provided your employer information to the credit bureaus, which then added the information to your credit report. If you have any general questions or comments, please feel free to leave them in the comments section below.