Fixing Credit Reports – Is Creating a New Identity Legal
Fixing credit reports is what some companies do best by what I hear all day on the radio and while watching some TV. Many options are legal, disputing validity, questioning the companies’ ability to collect and a few other tactics work because you have the law on your side. Creating a new identity was a little risky for me. I took the safe route on this one. I get my thrills from roller coasters not jail bunk beds.
Fixing credit reports isn’t creating a new identity. There’s some companies that claim you can create a new identity with a tax id number better know as EIN, legally. Though EIN numbers are available it doesn’t open the doors to just forget about your social security number and what might be on it. Creating a new identity might seem like a good idea except for the fact that it can create legal consequences for you.
I didn’t follow this option when I was looking to fix my credit for one reason. I’ve never had legal problems and my credit problems weren’t a good enough reason to risk it. By what I read it’s a Federal crime to lie on a credit or loan application, you can be prosecuted for mail or wire fraud for using either of those two means to apply for credit fraudulently. Crazy at it seems, when they want to nail you they’ll use any of their tactics available. Remember Capone? Not murder, tax evasion. Need I say more?
I stayed to the tried and true disputing of erroneous accounts and settling on debts I wasn’t able to remove or delete by any of the means I found on my credit repair manual. Some of these dispute tactics are very advanced. Re-aging issues, statute of limitations, checking companies licensing are all legal tactics I used to make progress while fixing my credit report. You can go as far as demanding the collection companies provide proof they can collect from you and that they have proof you actually owe the debt. The beauty is they have to use original documentation, not internal records. That’s where you get them.
In my opinion, creating a new identity is to high a risk for me. Not everybody has a daughter to think about but I intend to stick around. Just in case, I’m keeping my identity.
Credit repair techniques change. Using the most current techniques to dispute correctly has worked well for me. I understand my credit now and strongly recommend consumers understand this critical aspect of their financial life. There’s a lot of information out there. Below is what helped me the most.
Credit Repair Reviews
How to clean credit up.
Fixing Credit Reports
Copyright 2010 Rene C. Alexander.
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