Employment status
Credit scores & reportsYour work situation, such as employed, self-employed, or unemployed.
Overview
Employment status helps lenders assess income stability.
Different statuses may require different evidence.
Why it matters
- It affects affordability assessments.
- It influences lender risk decisions.
- It can change the documents required.
FAQs
Is being self-employed a problem for lending?
Not necessarily, but more evidence may be required.
Does employment status affect credit score?
No, but it affects affordability checks.
Related terms
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