Many people alter their names during their lives for a variety of reasons. However, how would this affect your credit score? It’s a valid query. We discuss here the possible impact of a name change on your credit score.
Will A Name Change Erase My Credit Score?
It’s not for us to judge whether you find the thought of having your credit score removed appealing! It’s not as simple as that, though. Your credit score won’t disappear when you use a deed poll to change your name. Using a deed poll to change your name just modifies your name. It doesn’t notify all relevant companies and organisations. That’s what you do! And it’s not a short list. You have to notify the appropriate companies of your legal name change. This then changes your credit score in accordance with the synchronisation of your new and last names.
Will My New Name Link to My Old One?
You can’t stop your names from being associated. When the appropriate authorities are notified, that will determine when your old and new names are connected. Your credit report will probably update in a month if you update your name immediately. It should be noted that changing your name to avoid debts is unlikely to work and carries potentially hefty implications and, therefore, should never be considered an option.
When Should I Change My Name?
You can feel compelled to use a deed poll to alter your name in several circumstances. Some people simply dislike the name they were given or are looking for a fresh start after a turning point such as a separation. Many people change their names via a deed poll for different reasons. It is important to ensure you inform the authorities so all your details are correct and up to date. This comprises:
- Creditors
- Mortgage provider
- Utility providers
- Your healthcare providers
- Your work
- The passport office
- Insurance companies
- HMRC
- Your local council
- Update it on your will
Many places require proof of identification when you join, including banks and online accounts. If your documentation has conflicting names, you will face an issue. If you change your name, it should be acknowledged officially.
If you have questions about using a deed poll to change your name, contact DeedPolls.com for deed poll assistance on 020 8150 2010.