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| *Ostroff, Fair and Company>>>Credit |
Does having multiple addresses listed on your credit report hurt your credit score? |
I note on aaacreditguide dot com, sample dispute letter #1 includes the line, "...you have addresses for me which I do not recognize:" I know my credit report has a dozen or more addresses listed for me, as I have moved more than a few times over the years. Some of them are duplicates, with minor differences. Does this affect my credit score? If the answer is yes, would it be prudent to dispute that alone to the bureaus? What about disputing the really old ones, even if I 'may' have lived there briefly when I was young? Addresses are tied to accounts and help the credit bureaus verify negative accounts. If you are disputing negative accounts, you want to give the CRA's as little information as you can to verify negative accounts. Old addresses serve no positive purpose on your credit report. I would dispute every address besides your current address. I don't think address are figured into your FICO score. But if someone is reviewing your credit report, then moving a lot could look bad. If it's the same address different ways, then that will be obvious. Really, the only thing that counts is if you've been at your most recent address for two years, and if not, how long you were at your previous address. What you did years ago matters less than whether you've made your payments on time, especially lately. The addresses are just a way to ID you. For about ten dollars or so, you can find out your credit rating, and you can learn ways to raise it if it troubles you. 20% of the population moves every year, and most people move at some point. |
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