How much will this affect my credit score?

Question

My credit score was little over 700 18 months ago. I lost my job a year ago. I have made all my payments on time since losing my job, so there is no negative credit history. When I go back to work I will have less time at my future employer. How much will having little time on the job affect my credit score? I have always kept a low credit to income ratio, that is how I have been able to pay my bills while out of work.

Update:

After starting back to work I will need another automobile soon. I am asking because I will be applying for an auto loan within approx 6 months of starting back to work.

Steve D · Accepted Answer

Scores are not based on employment.  Scores are based solely on how you handle your credit.  Having said that, most lenders (such as for car loans, boat loans, mortgages) do not solely use the score to approve or deny applicants.  They also look at other factors such as longevity on current job (mortgage lenders, for example, like you to have 2 years of employment at your current job).

timothy p · Answer

Your credit score just reflects how well you repay accounts.  It only contains very basic information about employment.  This is just for identity purposes and isn't even calculated in your score.

A short employment history may still make it difficult to get a loan.  Once you are well established in your new job, it will become easier.  It in no way impacts your score though.

Anonymous · Answer

having a job or not having a job really shouldnt affect your credit score as long as you are not applying for a loan, or anything like that

Go with the flow · Answer

The credit reports (credit scoring system) has no way of knowing how much you make.
Your job has no affect on your score.
You could be unemployed with absolutely no income and have top 800+ scores.`

needuradvice · Answer

not much

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How much will this affect my credit score?

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