Fizzle1979 Posted July 18, 2007 Report Share Posted July 18, 2007 Hear me out...so my theory is that the address that appears on my credit report is reported by the credit cards, auto loan and personal loan companies that I have that report to the credit bureaus. Since I recently moved I did not want another address on my credit report...which from what I read has an affect on my credit score. I called up Capital One who has one of my credit cards and asked them to change my address to a PO Box. Jack said that he had to also have a physical address. I said no you don't, can I speak with your supervisor. He said yes we have to have a physical address it's required by federal law. I said well can you send me a copy of that law? He said we do not have that information. I asked Jack again to speak with his supervisor and he hung up on me. I called back...got Erik...he changed my address to the PO Box and didn't say a word. I called Chase, Orchard Bank, Capital One Personal Loans and Capital One Auto Loans and they changed my address without a problem. From what I gather I think all of them just changed my mailing address to the PO Box and probably left my physical address as my old address. Ideally they are going to report my PO Box as my new address to the credit bureaus. And from now until I die I will always list my PO Box as the address on my accounts that report to the credit bureaus. And stuff like magazines, utility bills, etc I will list my physical address. Does anyone know if there a federal law that says credit card company's are required to have a physical address on the consumer? Link to comment Share on other sites More sharing options...
eakub Posted July 18, 2007 Report Share Posted July 18, 2007 Hear me out...so my theory is that the address that appears on my credit report is reported by the credit cards, auto loan and personal loan companies that I have that report to the credit bureaus. Since I recently moved I did not want another address on my credit report...which from what I read has an affect on my credit score. I called up Capital One who has one of my credit cards and asked them to change my address to a PO Box. Jack said that he had to also have a physical address. I said no you don't, can I speak with your supervisor. He said yes we have to have a physical address it's required by federal law. I said well can you send me a copy of that law? He said we do not have that information. I asked Jack again to speak with his supervisor and he hung up on me. I called back...got Erik...he changed my address to the PO Box and didn't say a word. I called Chase, Orchard Bank, Capital One Personal Loans and Capital One Auto Loans and they changed my address without a problem. From what I gather I think all of them just changed my mailing address to the PO Box and probably left my physical address as my old address. Ideally they are going to report my PO Box as my new address to the credit bureaus. And from now until I die I will always list my PO Box as the address on my accounts that report to the credit bureaus. And stuff like magazines, utility bills, etc I will list my physical address. Does anyone know if there a federal law that says credit card company's are required to have a physical address on the consumer?Yes... its the US Patriot Act. Link to comment Share on other sites More sharing options...
Fizzle1979 Posted July 18, 2007 Author Report Share Posted July 18, 2007 Yes... its the US Patriot Act.I was affraid you were going to say that. I just won't be updating my physical address with any creditor...so that US Patriot Act does lots of good. Thanks for the info. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted July 18, 2007 Report Share Posted July 18, 2007 I don't think they will report your mailing address to the CRA agency if they still have a psycial one. I have a mailing address that is not with the US postal service so it has an address. I use that as on all my credit applications. Link to comment Share on other sites More sharing options...
Fizzle1979 Posted July 18, 2007 Author Report Share Posted July 18, 2007 Blah...I guess I will write the CRA's and tell them I'm changing my address. Link to comment Share on other sites More sharing options...
eakub Posted July 19, 2007 Report Share Posted July 19, 2007 Blah...I guess I will write the CRA's and tell them I'm changing my address.LOL! Well it was a nice try anyway. But good ol' Pres. Bush feels that only having a PO Box means money laundering and fraudulent activities. That's why a physical address is required... I think you can still have a PO Box as a mailing address though, just as long as they have both addresses. Link to comment Share on other sites More sharing options...
Macwench Posted July 19, 2007 Report Share Posted July 19, 2007 I have both PO and physical... My physical address is on 2 CRAs (although I get no mail here) and the PO on Experian. Go figure... Link to comment Share on other sites More sharing options...
Fizzle1979 Posted July 19, 2007 Author Report Share Posted July 19, 2007 Well yesterday I disputed old addresses with EX online and they deleted all the ones I disputed. I also disputed two old phone numbers and they deleted them. I have a current physical address and a PO Box address. Link to comment Share on other sites More sharing options...
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