@improvent363 wrote:
1. if you sign up for one of these mailbox services, does it matter to credit card companies that you are using not your real home address to recieve statement (even though I have choosen paperless statement) or credit cards?
2. Will know it is not your real home address but a mailbox service address (won't be a P.O. BOX but a street address)?
For statements, it shouldn't matter. For applications, I believe you must use a real street address
Also, I know that EX reports list the type of residence for each address:
EX:
Type of Residence: Multifamily
Type of Residence: Apartment complex
Type of Residence: Single family
In addition, the addresses section contains a flag if the is associated with a business:
Notices:This address has pertained to a business: stan_the_man's address A
WHOLESALE TRADE BUSINESS: stan_the_man's address A
MISCELLANEOUS SERVICE: stan_the_man's address B
Some creditors, like Citibank, require proof of address if your address doesn't match the CRA file, or if you have moved recently (in the last six months for Citi).
In addition, commerical mail delivery addresses are frequently used for fradualent transactions -- so your application will probably be flagged by the bank.
Also, under the "Know Your Customer" requirements of the USA PATRIOT Act, financial institutions are required to indentify you before opening an account for you. From my reading there are no hard and set rules with respect to what constitutes identifying customers; however, I assume that verifying your address is part of the process.
