Why is My Last Employment Outdated on My Equifax Credit Report? | Equifax® (2024)

FAQs

Why is My Last Employment Outdated on My Equifax Credit Report? | Equifax®? ›

Why is my last reported employment out of date on my Equifax credit report? The employment information on your Equifax credit report is provided by you or by your lenders and creditors. Employment information is typically reported from credit applications and is not regularly updated.

Your employment history may be listed on your credit report if you provided information about where you work to a creditor. Lenders typically ask for employer information on credit applications to help verify your identity but they're not obligated to report your job history to the credit bureaus.

You can dispute and correct inaccurate information, including outdated addresses, for free by contacting the credit reporting agencies directly. It's your right under federal law to have accurate information on your credit report without incurring charges.

To update the employment on your credit report, simply update the employment on your loan or credit card accounts, through your online account portal or by calling customer service. When your lenders report to the credit bureaus, your personal information – including your employment – will also update.

With more than 573,000,000 records, The Work Number® database, part of the TotalVerify™ data hub from Equifax, provides instant income and employment information to verify data provided by an individual.

You should dispute with each credit bureau that has the mistake. Explain in writing what you think is wrong, include the credit bureau's dispute form (if they have one), copies of documents that support your dispute, and keep records of everything you send.

If you see information on your Equifax credit report that you believe is inaccurate or incomplete, simply file a dispute, and we'll look into it right away. Once you've submitted a dispute, we'll investigate and return your results. If we do find that information on your credit report needs to be updated, don't worry.

Consumer reporting agencies may not report outdated negative information. In most cases, a consumer reporting agency may not report negative information that is more than seven years old, or bankruptcies that are more than 10 years old.

Highlights: Most negative information generally stays on credit reports for 7 years. Bankruptcy stays on your Equifax credit report for 7 to 10 years, depending on the bankruptcy type. Closed accounts paid as agreed stay on your Equifax credit report for up to 10 years.

The easiest way to change your name on your Equifax credit report is through the myEquifax Dispute Center. The Dispute Center is where you go to update or change inaccurate or incomplete information on your Equifax credit report.

Does employment information affect credit score? ›

Your credit score won't be affected by a potential employer conducting a credit check on you. “An employment inquiry is treated like a soft inquiry,” Ulzheimer says. “Not visible to other parties (other than you) and not considered in credit scoring systems.”

Your employment status isn't a factor in your credit score. That means that getting a new job or increasing your salary won't improve your score. It also means that you can rest assured that entering a period of unemployment or having your wages reduced won't hurt your credit score either, all other things being equal.

The employment and income verifications are sourced from The Work Number®, our instant, online employment database of more than 200 million payroll records, or by specialized agents who perform manual verifications with speed and consistency.

For additional assistance, please call: 1-800-367-5690. Agents are available Monday through Friday from 7am to 7pm CT. Enter the order information. Some employers require using an alternate Employee ID rather than using a SSN.

Some hiring managers do it themselves, reaching out directly (typically via phone) to your current or previous employers to request official verification. Alternatively, employers may use professional background screening firms and/or an employment verification service such as The Work Number® from Equifax.

If you discover errors on your credit report, gather any supporting documents and include them with a letter disputing the error. Then send it to: The credit reporting agency whose report you are disputing. The company that provided the incorrect information.

It simply means there was a change, however slight, in your employment data. It's generally nothing to worry about. It's important to understand that credit reporting agencies (CRAs) do not verify your employment themselves. They simply act as a repository of data and regurgitate information that was finished to them.

You can update your employment information online through the TransUnion Service Center. Start a dispute and click the “Add” button next to employment history. You can also start a dispute by phone or mail.

In addition the report may include information regarding other inquiries into the consumer's credit and some information about the consumer's employment history.