The truth about the creation of an alternate credit file

Friday, February 19, 2010

If you search, how did you do your credit repair, you will probably heard about creating a loan replacement. This is something that was so popular a few years ago, the Federal Trade Commission has launched an operation against the industry to life, to accept this invitation, "New ID Bad Idea".

The premise underlying the company had people with bad credit a new credit file by a new file for them with an offer Employer Identification Number (EIN0 to the Social Security Number (SSN). Companies that do this also to say to their customers, which was funded by the federal government.

What I want to do is to receive one of the Internal Revenue Service for its customers. Then ask the credit score with a new and apply a new direction. If the client was able to do so, the loan could be a credit check. > The credit bureaus are not an existing file for an EIN to that address. This creates a new file is created that the client is actually a clean credit history. The only problem is that this is completely illegal.

How can I create a new credit file legally.

One technique that can be used, which is similar, but not illegal. You see, anyone can decide to start a business and a company is entitled to a credit application. To create a new> Credit files legally, you can create a company as a corporation or LLC. This may be accepted in most states, the Secretary of State.

You can apply to a company, even if you do not have a business. You can include the name and place of the word "participation" in the background. For example, "Smith Holdings, LLC." You can have legally the company to maintain your home or car, or anything else too. You should consult an attorney and possibly abe aware of before you actually do.

If your company the name of the company, which welcomes you search, you can apply for loans to enterprises in the name of your company. Well, you are a new credit file legally is not against the law.

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