How to Remove Wrong Employer Information From Your Credit Report?

If you check your credit report and notice that your employer information is incorrect, you might be wondering, how can you remove wrong employment information from your credit report? We will provide you with everything you need to know when it comes to removing inaccurate information from your credit report.

How to Remove Incorrect Employer Information From Your Credit Report?

You can remove incorrect employer information from your credit report by filing a dispute with the credit reporting bureau (Transunion, Experian, Equifax) to have your employer information removed. Your employer information will only be removed from your credit report if it is inaccurate or incorrect. Valid employer information cannot be removed from your credit report.

So, you might be wondering, where does your employer information come from since you’ve probably never provided it to the credit bureaus? Your employer information comes from credit applications and financial institutions that you have credit cards and loans with. Usually, your employer information is furnished by them to the credit bureaus.

You can file a dispute to have your employer’s information removed, but filing a dispute does not guarantee the removal of the information. You will have to explain to the credit bureaus why the information should be removed, citing a reason such as the information is not accurate.

Note: To have information removed from all three of your credit reports, you must file a dispute with each of the credit reporting bureaus separately. Disputing the information from one of the credit bureaus does not remove it from your credit report with the other bureaus. For example, if wrong employer information appears on your Experian, Transunion, and Equifax credit reports, you must file a dispute with each of these credit bureaus.

That said, you should be aware that even if your credit report contains your wrong employer information, the wrong employer information has no effect on your credit score.

How Did The Wrong Employer Information Appear On Your Credit Report?

Your credit report contains information that was furnished by you to your bank, card issuer or auto finance companies. For example, when you go to a dealership to finance a vehicle, the information you fill out in a car loan application is sent to the credit reporting bureaus.

The credit bureaus keep this information and display some of the relevant information on your credit report. So, if the employee at the car dealership were to make a mistake while entering the information onto the application, the wrong employer information may make its way onto your credit report.

Additionally, whenever you provide your employer information, address, name, and social security number to financial institutions such as banks and auto loan lenders, they may furnish this information to the credit bureaus, causing it to appear on your credit report.

Correcting Incorrect Information On Your Credit Report

If you find incorrect or incomplete information on your credit report, you should take immediate action to have the information removed or corrected. According to Credit Karma, approximately 25% of Americans have errors on their credit reports that could impact their credit scores. That said, although employer information does not impact your credit score, other types of errors can impact your credit score, so if you find any errors, contact the credit bureaus and file a dispute to have the information removed from your credit report.

The three major credit reporting bureaus (Experian, Transunion, and Equifax) allow you to dispute information on your credit report via their websites, telephone, or mail. Choose the method that suits you, but the easiest way is to go online to file a dispute. You will have to enter your personal information and identify the information that you want to be removed from your credit report.

Does Filing a Dispute to Have Incorrect Employment Information Removed Cost Money?

No, filing a dispute to have inaccurate employer information removed from your credit report does not cost anything. In fact, federal law mandates that you be allowed to dispute inaccurate information on your credit report without paying a fee to do so.

So, you might be wondering, how does the dispute process work?

After you file a dispute to have wrong information removed from your credit report, the credit bureau has 30 days to conduct an investigation to verify the accuracy of the information you’re disputing.

If the investigation reveals that the information is indeed incorrect, the information will be removed from your credit report.

However, if the investigation reveals that the information is accurate, the information will not be removed from your credit report.

Once the investigation is complete, you will be informed as to the results of the investigation.

Does Having the Wrong Employer Information On Credit Report Affect My Credit Score?

No, having the wrong employer information on your credit report does not affect your credit score because the credit scoring models do not take into account your employment information when calculating a credit score for you. So, rest assured that even if the wrong employer information shows up on your credit report, it has no impact on your credit score.

That said, if you want the wrong employer information to be removed from your credit report, you can file a dispute with each of the credit reporting bureaus reporting the wrong information to have it removed from your credit report.

Frequently Asked Questions (FAQs)

1. Can you remove employer information from your credit report?

Yes, if your credit report contains the wrong employer information, you can definitely file a dispute to have the wrong information removed from your credit report. However, if your employer information is accurate, you will not be able to have it removed from your credit report by filing a dispute. Also, your employer information is not meant to reflect your most recent employment history, but only to serve as a list of employers you’ve had in the past.

2. What should I do if my employer’s information is outdated on my credit report?

The employment records on your credit report are not meant to display your most currently employment information. Instead, the section serves as a record of current or previous employers. So, even if the information is outdated, there is nothing wrong with that so long as the employer listed was one of your employers in the past. If your employment information is inaccurate, you can file a dispute with the credit bureaus to have that information removed from your credit report.

3. Does employment information show up on the credit report?

Yes, if your creditors or lenders furnished your employment records to the credit bureaus, your employment information may show up on your credit report.