I have seen and heard about creating a new credit file. How does this work and has anyone sucessfully done this.
"IF" you talking about a new SS# or some such GARBAGE...RUN THE OTHER DIRECTION AS FAST AS YOU CAN!!! It is ILLEGAL!!! (unless SOCIAL SECURITY does it for you)...and they DON'T do it very often
I have seen and heard about creating a new credit file. How does this work and has anyone sucessfully done this. lewis1200 =============== It's hard to do it and stay out of jail both. A-50-C
This reminds me I wanted to ask about creating separate files for a husband and wife for the items they have individually and joint accounts. I think I red somewhere that this is legit if used as a precaution to save one's individual credit record from being ruined after a divorce or something and could/should be accomplished by using names with a middle initial for individual accounts and without it for joint accounts creating two files for each spouse one of them being used for joint accounts only identical for both. Any thoughts?
Re: Re: Creating a New Credit File Me thinks you are confusing two totally different issues. By law, one person, one report per CRA, PERIOD. Now, what goes into this report is all the tradelines that you are responsible for, or an authorized user of. You want to keep your credit history separate from your spouse's? Then don't open any joint credit card accounts, don't signup for an obligation together (including mortgage), maintain your own checking/savings/credit cards separate from your spouse's, etc... In spite of all this, if you happen to live in a community property state (NM, WI, TX, LA, CA, AZ? ) however much you try to keep your obligations separate from your spouse's, state law trumps your intentions and the CRAs can legally and accurately report your spouse's obligations on your report.
Re: Re: Creating a New Credit File ummmmmm, errrrrrrrrr, that's not accurate about community property states and reporting and here's additional information from the FTC site: Equal Credit Opportunity Act, summary: http://www.ftc.gov/bcp/conline/pubs/credit/ecoa.htm Equal Credit Opportunity Act: http://www4.law.cornell.edu/uscode/15/1691.html Sassy
Re: Re: Creating a New Credit File Some people have been able to create a new file using a different address and DOB while still using the correct SS#. It's a crap shoot if it works. Don't count on it.
Re: Re: Creating a New Credit File I know of a person who did this. As a disclaimer, I will say to never do this because it has many illegal implications. Now that I have said that, heres what this one guy did. *. He applied for a EIN (employer identification number) This is easily done by phone, and you have a number within 5 minutes. *. This number sequence as an example is 11-1111111. A SSN sequence is 111-11-1111. Same amount of digits, just different sequence. *. This number WILL work as a SSN because the digits provided match the SSN digits for your state. *. This number is no good for applying for credit of any type. The reason is that banks or whoever pull your bureau can see when this "SSN" was issued. No one in their right mind will ever give credit to a 1 week old child. No explanation in the world will be good enough to explain how you were able to make it 20-30yrs in life without a SSN. If it is questioned, then you are done for. *. This number IS good for things like new phone service, cable, any utilities and so forth. *. Using this number as a SSN IS ILLEGAL! If you do use this as a SSN, if you do not take the following precautions, you will merge this new file that you have created by just applying for credit, to your existing credit file. 1. Never apply for credit using any information you ever gave to anyone when applying for credit. With a new number, the story goes that the "guy" applied for a credit card by mail. He used a different address, different zip-code, and he transcribed his name like such: Thomas Paul Winston into Paul T Winston. Again, this is not anything I recommend doing. This information is not provided as a way to break the law. Anyone who is stupid enough to do this kind of stuff can and will be caught and deservedly so. If you are caught. The fines are steep and you will go to jail. Especially if you use this to defraud. There are many other techniques you can use to get credit which I am aware of but have never been stupid enough to try any of them. These means of getting credit are at the very best questionable, and most likely illegal. Best stick to good ol' fashioned hard work! SnakeMan
Re: Re: Re: Creating a New Credit F You're overlooking a major section of the US population. Anyone who recently migrated to the US will have a brand new SSN regardless of their age, and any lender who doesn't restrict to citizens, which is most of them, will lend to you on a brand spanking new SSN and a couple of AU (authorized user) accounts on your report. AU accounts can be older than the SSN, how would they know your SSN is new? Where do they see that? I've heard of using ITIN (individual tax identification number) which is for people who are required to pay US taxes, but don't qualify for a SSN rather then EIN (employer identification number) instead of SSN on the credit report, but I'm not sure if it's legal to do that. I think it is, much more likely than the using EIN. You can't get an ITIN if you have or are eligible for a SSN so you can't have both like with EIN.
Re: Re: Re: Creating a New Credit F I've seen applications from Wells Fargo and they ask for either a SSN or EIN. The banks generally don't investigate you until you default. That's what throws up a reg flag. If your accounts are current they generally don't become suspicious. No one has ever been able to provide proof that anyone went to jail for this either. I'm not recommending a new file, but it doesn't get you on the 10 most wanted list either.
Re: Re: Re: Creating a New Credit F I for one would not want to be the guy who says to you "you're wrong!". That would mean I DID go to jail. To me, it just isn't worth it. Clean up your credit. It may take longer. It may be more expensive and frustrating and discouraging and even worse litigious but IT IS THE RIGHT WAY OF DOING THINGS. Wouldn't you be much happier not always wondering what the loan officer on the other side of the desk or the phone is thinking? My life doesn't need anymore drama in it. SnakeMan
Re: Re: Re: Creating a New Credit F To the person who says "how do they know about the year your SSN was issued" or maybe more correctly they were asking how they would know anything about that whole thing all together when it comes to your SSN and when it was issued. I can say that they DO know when it was issued. LOL and I definitley know that you will not find any lenders actively searching for a new immigrant credit app. Any number given to you that you use as a means to hide something, which you wouldn't be able to get without doing so is ILLEGAL. You can talk yourself into believing what you will. I'm sure if you keep repeating to yourself that you are right and will never face a penalty for doing such a thing, you will probably start believing yourself! Hey! I don't care what you do. I invite you to do something like this after you were warned not to. I love a good article involving some poor schmuck, who thought he/she stumbled onto something that NOBODY else has EVER figured out, and then was caught with their pants down and made an example out of!! I invite misery to those who seek it! Good luck with that whole breaking the law thing! I may be new here but I can say that some of the people here do not have honorable intentions of doing things on the up and up. Quick fixes are not quality fixes. .......
Re: Re: Re: Re: Creating a New Cred The Wells Fargo is for application I've seen is for personal accounts. Bank of America does a lot of business with new immigrants. Their thinking is to get them as customers when they are new to the US and they will be loyal. I'm not suggesting a new file. I'm just saying people have been able to trick the CRA computer by using a different address and DOB along with the correct SS#. I've been told that sometimes when a OC types the wrong info a new file is created. TU has 3 files for me because of OC errors.
Re: Re: Re: Re: Re: Creating a New If that's the case, always use fresh paper application forms (no online or typed), and print small with a smudgy inked pen. If you type the correct information, but it's a little messy, they might quite easily key in slightly incorrect information which may make it look like it's hit on a clean file, no previous credit, and you can get a clean history. Unfortunatly, without lying on an application, how can you know what they mistakedly typed, and how can you get another creditor to type the same mistake again? Just a thought. ChrisB
Re: Re: Re: Re: Re: Creating a New Not that you should even do this, but if were an error and you were curious as to what info they had... When you applied know which CRA they used. Then you by applying for credit and being turned down have automatically created a new file history. Then you send in to that CRA a request for your credit report. This of cours may include utility bills for an address that don't exist or a name on your D.L. that isn't yours or a SS card that don't match. Your doomed from the beginning of this adventure. Best to do it the right way. SnakeMan
Re: Re: Re: Re: Creating a New Cred First of all I'm very interested to find how do you know they know how old the SSN is? I know and you're wrong isn't a satisfactory answer to me. I'm asking you a direct question because to the best of my knowledge they can't see that from the credit report, I doubt they have access to and gather such data for new applicants and I'm curious to know how you got this idea. Now when I said: "Anyone who recently migrated to the US will have a brand new SSN regardless of their age, and any lender who doesn't restrict to citizens, which is most of them, will lend to you on a brand spanking new SSN and a couple of AU (authorized user) accounts on your report." I, first of all wasn't talking about anything illegal, and more importantly wasn't talking hypothetically. Whether you believe it or not this is a fact. For example a legal immigrant who applied for, but still isn't a permanent resident of the US (no green card) was asked not why his SSN was new, because I don't think they had that information, but why this 50 + year old person had a 3 year old credit history, which is a legitimate question, by both AMEX and MBNA and after explaining his situation was issued a blue cash and AAA Platinum card. Some other card companies asked for a copy of utility bill an SSN (card). Most didn't ask anything other than the info on the application. So in conclusion there is absolutely nothing illegal about what I described above and I stand by my claim that anyone with a brand new SSN and a couple of AU accounts can get a major US credit card. If they don't ask on the application whether you are a US citizen or a permanent resident then you more likely than not don't have to be one to get their card, can do it with a brand new SSN and aren't doing anything illegal. Now what I suspect is that if the person in question had AU accounts that were significantly older than 3 years he would never even be questioned about this because, to the best of my knowledge, they don't have access to the information such as how old your SSN is from the credit report or any other data source they may use when evaluating applications. Please don't mix what I talked above with creating two files, using EIN as SSN etc. What I discussed above does not involve that and is off topic of this thread, but the discussion started and I wanted to respond and clear things out. Creating two files and using EIN as SSN may very well be illegal. I don't know and am really not all that interested in finding out other than for the sake of increasing my knowledge base.
Re: Re: Re: Re: Creating a New Cred I do want to add that I really dislike the manner in which you replied, especially the part quoted below. But it's good in a way. At least I know what you are like and what you derive pleasure from. Sorry about the double post there. Too late to delete it now.
Re: Re: Re: Re: Creating a New Cred First of all I'm very interested to find how do you know they know how old the SSN is? I know and you're wrong isn't a satisfactory answer to me. I'm asking you a direct question because to the best of my knowledge they can't see that from the credit report, I doubt they have access to and gather such data for new applicants and I'm curious to know how you got this idea. Each SS# has an ISSUE STATE...and A RANGE OF ISSUE YEARS THAT CAN BE TRACKED FROM THE NINE NUMBERS... So "IF" you are saying that a CREDIT CARD COMPANY CAN'T FIND OUT WHEN A SS# WAS ISSUED...THAT IS WRONG INFORMATION... "IF" that is not what you are saying...NEVER-MIND
