Mailing address won’t impact credit score

Young couple in front of new house - shutterstock_131700902

Q: Does using a PO Box affect my credit score? We plan on liv­ing in sev­eral apart­ments in the next year or two. Rather than fil­ing a change of address each time, we’re think­ing about get­ting a PO Box which we can check reg­u­larly. How­ever, we don’t want to neg­a­tively impact our credit rat­ing as we plan on buy­ing a home in the future.

–Jesse, San Anto­nio, Texas

A:  Nope, you should be safe on that front.  Nei­ther your cho­sen method for get­ting your mail nor your time spent at a par­tic­u­lar address will impact your credit score.

As a mat­ter of fact, the folks at FICO (the peo­ple that cre­ated credit scores), specif­i­cally list “Where you live” as an item NOT included in your credit score.

In addi­tion to a host of addi­tional infor­ma­tion about credit scores, their web­site, lists the fol­low­ing as the major com­po­nents of a credit score:

35% Pay­ment History

30% Amounts Owed

15% Length of Credit History

10% New Credit

15% Types of Credit Used

If you’ve got a few min­utes, I urge you to check out the site.  It’s packed with valu­able information.

Thanks for your ques­tion and best of luck!


Share |

USAA or its affiliates do not provide tax advice. Taxpayers should seek advice based upon their own particular circumstances from an independent tax advisor. The information is provided for informational purposes only and is not intended to substitute for obtaining professional financial advice. Please thoroughly research and seek professional representation before acting on any information you may have found in this article. This article is in no way attempts to provide advice that relates all personal circumstances.

Examples given are hypothetical illustrations and not an indication of the benefits or features of any USAA product. You should seek policies and advice based upon your own particular circumstances. Sample loans are for illustration purposes only and are not a rate quote, pre-approval, or commitment to lend.

Scott Halliwell and JJ Montanaro are CERTIFIED FINANCIAL PLANNER™ practitioners with USAA Financial Planning Services, one of the USAA family of companies. Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP® and Certified Financial Planner™ in the United States, which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

USAA Financial Planning Services® refers financial planning services and financial advice provided by USAA Financial Planning Services Insurance Agency, Inc. USAA Financial Planning Services Insurance Agency, Inc. (known as USAA Financial Insurance Company in California, Lic. #0E36312), a registered investment adviser and insurance agency and its wholly owned subsidiary, USAA Financial Advisors, Inc., a registered broker dealer. (known as USAA Financial Insurance Agency in California), a registered investment adviser and insurance agency and its wholly owned subsidiary, USAA Financial Advisors, Inc., a registered broker dealer.

USAA means United Services Automobile Association and its affiliates. Investments provided by USAA Investment Management Company and USAA Financial Advisors Inc., both registered broker dealers. Banking products provided by USAA Federal Savings Bank. Credit cards provided by USAA Savings Bank. Both Banks Member FDIC.