How to Change Address On Credit Report?

If you’ve made or changed your address for any reason, you might be wondering how can you change the address on your credit report. We will explain this in much detail below.

How to Change Address On Credit Report?

You can change the address on your credit report by updating your address on your credit card accounts, deposit accounts, and loan accounts. After updating your address with your financial institutions, they will report the new address to the credit reporting bureaus. The credit reporting bureaus will add the new address to your credit report. This process may take up to 45 days to complete. That said, you should be aware that your old addresses will still appear on your credit report and they cannot be removed unless they are not accurate.

If an inaccurate address appears on your credit report, you can have it removed by submitting a dispute to each of the credit reporting bureaus reporting the inaccurate address. After you file a dispute, the credit reporting bureaus will conduct an investigation to determine whether the address is inaccurate. If the investigation reveals that it is indeed inaccurate, it will be removed from your credit report. The process takes up to 30 days to complete, however, it’s usually completed within a few days.

So, if you want to change your address on your credit report, all you have to do is update your address with your creditors and your creditors will report the new address to the credit reporting bureaus. There is nothing more than you need to do to change your address.

How Long Does it Take to Change Address On Credit Report?

It usually takes up to 45 days for your address change on your credit or loan accounts to change your address on your credit report. For example, if you update your address on your credit card account, it will take up to 45 days for your card issuer to report the new address to the credit reporting agencies. Once the new address is reported to the credit reporting bureaus, it will be reflected on your credit report immediately. Typically card issuers and financial institutions will report your account address, including address change once every 30 to 45 days. Some financial institutions report your account status more frequently. If you look at your TransUnion credit report, you will see a section titled accounted updated. This will indicate when your account status was last updated.

So, if you were wondering how you can change your address on your credit report, all you have to do is contact your creditors (credit card issuers and lending institutions) and update your address with them. Once they report your account status to the credit reporting bureaus, the update will contain your new address, which will be updated with the credit reporting bureaus and on your credit report. Of course, you will have to wait for your creditors to send the updated address to the credit reporting agencies for the address change to be reflected.

Does Changing Your Address On Your Credit Report Affect Your Credit Score?

No, changing your address and other personal information does not affect your credit score. So, whether you change your name, address, or any other personal information on your credit, it will have no impact on your credit score. This is so because the credit scoring models do not factor in personal information changes into your credit score. In fact, even if you were to change your address, your old address will still continue to appear on your credit report, as it will not be removed.

Is There a Wrong Address On Your Credit Report?

If there is a wrong address on your credit report, you can have it removed by filing a dispute with the credit reporting bureaus. After you file a dispute, they will conduct an investigation to determine whether the address on your credit report is incorrect. If the investigation determines that the address is incorrect, it will be removed from your credit report. However, if it reveals that the address is accurate it will remain on your credit report and cannot be removed.

You should always check your credit report to determine whether the information reported on it is accurate. If you find any information that does not belong to you, you should promptly file a dispute with the credit reporting bureaus reporting the inaccurate information.

If you have any general questions or comments, please feel free to leave them in the comments section below.

Frequently Asked Questions (FAQs)

1. How do I correct an incorrect address on my credit report?

If you have an old address on your credit report and want your new address shown on your credit report, you can only update it by changing the information on your accounts. After changing your information on credit and loan accounts, your creditors will update the information with the credit reporting bureaus. However, if there is an address that does not belong to you on your credit report, you should file a dispute with the credit reporting bureaus reporting the incorrect address to have it removed from your credit report. Your old addresses cannot be removed from your credit report unless they are inaccurate.

2. Can changing your address affect your credit score?

No, changing your address will never affect your credit score.

3. How do I correct my personal information on my credit report?

You can correct information on your credit report by filing a dispute with the credit reporting bureaus to have the incorrect information removed from your credit report. If your information has changed, update your information with your creditors and they will report the changes on your credit report.

4. Can I remove an old address from my credit report?

No, an accurate old address cannot be removed from your credit report.