Sentences with phrase «new credit identity»

Still other companies claim they can create an entirely new credit identity to help you move on from your history of bad credit.

Yes, a credit repair company can fix your bad credit and give you a brand new credit identity.

After a consumer falls for the promotional tactics promising them guaranteed results on their credit repair journey, many consumers must pay out cash up front to an agency who either does nothing further the help fix their credit or how uses illegal tactics for establishing new credit identities.

Do not let a credit service trick you into applying for a Federal ID Number in order to establish a new credit identity.

For a fee, these companies promise to help you hide a bankruptcy or bad credit by establishing a new credit identity to use when you apply for credit.

Credit repair companies that promise a new credit identity may send a letter that warns you about your inability to get credit cards, personal loans, or any other types of credit.

They will seek to dissuade you from contacting the credit bureau and they may also suggest using an Employee Identification Number as a means creating a new credit identity.

Advertisements from credit repair companies can be found on local newspapers, TV, radio, internet, and fliers on the mail and on the streets claiming that if you have credit problems they can help you, that they can remove your bad credit, that they can get you a new credit identity or that they can remove stains like bankruptcy, judgments, liens, late payments, missed payments, and even unpaid loans or credit card balances.

If you follow some of these companies» advice and try to invent a new credit identity and a new credit history by using an employer identification number instead of the social security number or by faking documentation, you may be charged with fraud and face serious legal consequences.

Unscrupulous firms will offer fanciful and unrealistic credit repair promises such as eliminating all negative marks from a credit report or starting a new credit identity.

Companies promising a «new credit identity» say they can help you hide bad credit history or bankruptcy for a fee.

You've probably seen ads from companies promising a «new credit identity» — that is, a fresh start for your credit history.

Companies that advise you to dispute accurate information in your credit report or take any action that seems illegal, like creating a new credit identity.

A process known as «file segregation» is an illegal process that illegitimate credit repair companies may suggest as a way to create a new credit identity by applying for an Employer Identification Number to use instead of your Social Security Number.

Advise you to make up a new credit identity — this is illegal, it can be considered fraud, and you could be prosecuted

A common pitch is the fact that developing a new credit identity is legal.

File segregation involves establishing a new credit identity.

Some companies may suggest that you create a new credit identity by applying for and using an IRS - issued «Employer Identification Number.»

«Create a new credit identity — legally.

The only way to instantly fix your credit to escape even legitimate items is to create a new credit identity.