Dimples wrote a post on a 'new credit file'. Almost all the responses were negative. I was reading thru some back stuff about a friend of yours doing a BK. My Bk was in 97. I suspect that a lot of people have used this to get new credit when they have a new address. Did your friend go for this? After all you really only get in trouble if you don't psy your bills under the new accounts. It would be great to establish a new ein number at my new address. Get a credit union secured card. then a couple of subprime cards. Then AMEX green in 2 years. My existig accounts can contiue to be sent to my mother's address. She moved last week. I call this flexible dealings with the creditors. In 2 years, I will have all the prime cards I want on the 2 files. What do you think? I was recently renewing my insurance and the agent was using John Doe Sr.'s credit report to get John Doe jr.s rates reduced at the suggestion of the agent. My name kerry xxxxxx is very common. i think this will work for me.
Dear Kelly, A lot of people get sucked in by file segregation, it's not unusual. One of the biggest problems with it, aside from the fact that it's illegal, is that, suppose you do start a new file. Now you have a credit file that was just started and has absolutely NO history on it. If you've been watching what it takes to generate scores one of the primary reason codes is that you've been "in our file since 1977", as in my case. What would your new file say? "Kelly has been in our file since 2002". lol Creditors want to see a history on you. Now there ARE ways to start a small corporation and start with a corporate card but this EIN idea can create problems for you. If I recall you already starting to make some progress. Just be patient. We can do this legally and probably a lot faster than it would take to generate a sufficient history on a brand new file.
FTC Cases 1: ERIC VOLKERT - Cmp volkert.htm, Search in: Full Website File size: 14K, Create Date: May-04-99 19:41 http://www.ftc.gov/os/1999/9905/volkert.htm 17. In truth and in fact, through the use of defendants' products, consumers cannot legally alter their identifications to conceal adverse credit information from their credit records, credit histories, or credit ratings by obtaining TINs to use, instead of their Social Security Numbers, for credit purposes. 2: David E. Dunn - Cmp dunn1.htm, Search in: Full Website File size: 14K, Create Date: Feb-03-99 23:13 http://www.ftc.gov/os/1999/9902/dunn1.htm 3: Steve Neizianya/Standard Business Services - Cmp standard.htm, Search in: Full Website File size: 16K, Create Date: Feb-03-99 23:13 http://www.ftc.gov/os/1999/9902/standard.htm 4: Kevin Drake - Cmp drake.htm, Search in: Full Website File size: 15K, Create Date: Feb-03-99 23:13 http://www.ftc.gov/os/1999/9902/drake.htm 5: Frank Muniz - Cmp muniz.htm, Search in: Full Website File size: 15K, Create Date: Feb-03-99 23:13 http://www.ftc.gov/os/1999/9902/muniz.htm COUNT ONE ALL 5 cases 14. In numerous instances, defendant has counseled or advised consumers to make statements, the intended effect of which has been to alter the consumer's identification to prevent the display of the consumer's credit record, history, or rating for the purpose of concealing adverse information that is accurate and not obsolete to consumer reporting agencies, as that term is defined in 15 U.S.C. § 1681(f), or to persons who have extended credit to those consumers or to whom those consumers have applied or are applying for extensions of credit. CONSUMER INJURY 19. Consumers throughout the United States have suffered or are likely to suffer substantial monetary loss as a result of defendants' unlawful acts or practices. Absent injunctive relief by this Court, defendants are likely to continue to injure consumers and harm the public interest.
Why do people resist every time we are asked about this subject? Regardless of what we at Creditnet have to say, it is illegal - period. You can't rationalize it - it's not legal - end of story. The fact that you put an EIN on an application in place of a SSN makes it illegal right off the bat so whay keep pursuing it?
