There's only one way that people are freeing themselves from the
shackles of bad credit and that is to create a new credit file on themselves
within the credit bureau's computer system. This new file won't have any of
your previous credit on it. And as you read an you'll see exactly how to
make sure that only your new credit file surfaces when someone is running
a credit check on you. This sounds complicated but it's very simple as
you'll see.
shackles of bad credit and that is to create a new credit file on themselves
within the credit bureau's computer system. This new file won't have any of
your previous credit on it. And as you read an you'll see exactly how to
make sure that only your new credit file surfaces when someone is running
a credit check on you. This sounds complicated but it's very simple as
you'll see.
In the credit bureau's computer system are millions of people's names,
personal information, and credit histories. With so much information
stored on so many people it's common to find many people with the same
names and birth-dates. Some of these cases maybe in the same city. The
credit bureau has many identities entering their system for the first time or
leaving permanently because of the thousands of births and deaths in
America each day. Because of the vast number of people in this country
and the massive amount of information being stored on every aspect of our
lives, accompanied by increased legislation that restricts the ability of
different computer agencies to cross reference or exchange information
on citizens, a complex situation exists that limits even the most
powerful computer system's ability to keep track of these gigantic
reservoirs of information compiled on the American people! People that
create new credit files on themselves understand these things very well.
Contrary to popular belief the computer is not fool proof. It can't think
yet. so therefore, it's vulnerable to those that realize this. As it stands today
they don't have artificial intelligence and can only act on what's put into
them. The way people create a new credit file the credit bureau lacks the
safeguards to protect itself from out side manipulation and are limited in
their ability to tell if the information that's input into their system is
accurate or inaccurate. And because of this there's hardly ever am
investigation done on those that create a new credit file because of "how"
they manipulate the system to their advantage. Taking all this into
consideration, we've discovered the avenue through which new credit files
are created called the "LOOPHOLE".
Your Name And Personal Information
There are 3 ways that people create a new credit file. One is to use
their same name with different personal information. Another is to use the
same personal information with a different first or last name. And last of
all, they use an alias name with the same or different personal
information. When I speak of personal information I'm talking about a
person's birthdate, social security number, address etc.
It's up to you to decide which way is best for you. The credit bureau's
computer has to match a person's name and personal information with
what's stored in it's memory banks or it won't be able to find the
person's credit history! Anyone of the 3 variations mentioned in the
previous paragraph throws the computer off in it's search for a person's
credit history and as a result a - no record found - is reported back to those
performing the credit check. A - no record found - means that a new credit
file can be compiled on a person based on the name and personal
information used in the initial credit check and would belong exclusively
to the person desiring to do such! Thus, a new credit file is in the makings!
Just keep reading if you will and I'll show you how easy it is to get a
drivers license or State ID card to match the name and personal
information a person uses to create his new credit file. And I'll also show
you how to establish credit on your new credit file.
Let's say that your name is John Doe and you were born on Jan. 38th,
1492, your social security number is 000-00-0000 and your address is 1234
Credit ave. Florida, Alaska. Now let's say that your credit is bad enough to
get you turned down whenever you apply for additional credit and you
want to get around this obstacle. If you changed your first name to
another that starts with a different letter other than the first letter of your
real name, such as Robert Doe instead of John Doe. and used your same
personal information, a no record found - would surface during a credit
check! If you kept your first name and changed your last name to
another one that starts with a different letter other than the first letter of
your real last name, such as, John Williams instead of John Doe, and
used your same personal information, then a - no record found - will
also surface. If you kept your real name, both first and last, along with
your real birthdate (birthdate must always stay the same in order to match
with the birthdate on your License or ID) and changed everything else in
your personal information then a - no record found - would surface also.
With a completely different first and last name or alias you can keep
all your original personal information or make up new personal
information (remember that your birthdate must always stay the same )
and a - no record found would surface both ways.
If for some unforeseen reason someone else's credit history shows up
when trying to create your new credit file it means that you've accidentally
chose information that caused the computer to tap into another person's
file that has the same name you're using. In the event this happens you'll
have to repeat the creation process until a - no record found - shows up.
Remember that a - no record found - means that the file is clear, not being
used by anyone else and is exclusively yours!
Many states, especially California, allow people to use aliases for a
number of reasons. People whose names are well known use aliases to
escape publicity as they travel, check into hotels, etc. While some wealthy
people use them to hide certain assets of theirs from the public's view.
Some of these people have drivers licenses, social security numbers, credit
cards and other credit in these names! A lot of them borrow money in
these aliases. Some people have several aliases with a credit file on each
name in the credit bureau's computer
cards and other credit in these names! A lot of them borrow money in
these aliases. Some people have several aliases with a credit file on each
name in the credit bureau's computer
Choosing A Social Security Number
Your social security number is the most important factor that has to be
- adjusted - before creating a new credit file! If you decide to keep your
same name, your social security number must be different in order to throw
the computer off in the creation of your new credit file. If you decide to
change the first, last or both parts of your name you can keep the same
social security number. You don't have to worry about having to show
proof of the social security number you use when applying for credit at
most places. Creditors usually ask only for your license or State ID . And
in just about all cases they'll take your word as to what your number is if
you tell them you don't have a social security card.
On the following page is information titled, What's in a Social
Security Number. Read it carefully. It lists the different numbers in a
person's social security number (the first 3) that represents the State a
person was born in. When changing your social security number all you
have to do is substitute your first 3 numbers or State code with those of
another State. The rest of your numbers can stay the same.
If you use a different social security number to create your new credit
file you must also use the State whose 3 digit code you're using as your
place of birth in your new personal history because the computer system
has the state codes built in them and can spot false social security numbers
or those prefixed with the wrong State code when used with your place of
birth! Remember that if you're changing your name you can keep your real
social security number. The only time you'll change it is when you're
keeping your real name.
If you're changing your real name you can also have the people at the
Social Security Office to give you another card with your new name and
same number printed on it. This way you'll have two social security cards.
Each one will have the same number and a different name. All you have
to do is go to their nearest office and apply for a name change on your
card. Then all you have to do is show them your license with your new
name on it (more about this as you keep reading) and also show them some
type of proof of your original name. No court order is required and they'll
mail you a copy of your new card with the name change on it.
Your New Drivers License or State ID
After you've decided which way you want to create your credit file
you'll have to get a drivers license or ID to match. If you decide to keep
your real name and use different personal Information to create your new
credit file all you have to do Is have a routine address change on your
license to match the one used for your new credit file.
In the event you decide to change your name to create your new
credit file you'll have to get a duplicate license or ID to match the new
name you're going to use. All you have to do is go to the to the driver's
license bureau. Give them your license or ID number but don't let them
know that you have your license or ID with you. Then tell them you want
to get a duplicate license or ID because you've misplaced the original. At
the same time tell them you want to make both a name and address change
on your license or ID. In California they'll do this on your word no
requiring a court order. In fact, they can't refuse to do this for you because
it's standard procedure. They'll give you a sheet of paper to check the
answers to a few questions. After you've completed the sheet give it back
to them with the fee they charge to do everything. Then they'll take your
picture and issue you a valid temporary drivers license or ID with the
changes on it. It shouldn't take more than 3-4 weeks for you to receive
your permanent picture license or ID. It will be good for 6 years. Doing
things this way you'll have two licenses or ID's. One will be in your real
name with your real address on it and the other will be on in your changed
new credit name with your new credit address on it.
When time comes to renew your license or ID, be it the real or
changed one, simply take the license or ID for either one of them and had it
along with their application for renewal and their fee to the clerk. Then
they'll take your picture and renew it. And it's just that simple.
If you choose to create your new credit file by keeping your real name
and using different personal information, you don't have to go to the
drivers license bureau if all the new credit you want is in the form of credit
cards only. In most cases all that's on a credit card is your name without an
address or other personal information. So you can use your original license
or ID without having to get any changes on it, even though when you
applied for the cards you used a different address. The reason why you can
do this is because when you use a credit card there's no address on it for a
clerk to try to match with your license of ID. The clerk will only want to
check to see if you have the name of their card on your ID or license.
But if you plan on obtaining major credit and will require you to come
before people to show your license or ID then you'll have to get a duplicate
with the address on it along with the same you'll be using.
One last point that needs to be made about your new duplicate license
or ID that you might have to get is that even though the drivers license
bureau will change your name and address on your word they won't change
your birthdate. So because of this your birthdate must remain the same
regardless which way you create your new credit file.
Some other states other than California require for you to bring in a
court order to the drivers license bureau for a name change to take place on
your license or ID. Most attorneys charge $200 - $700 for a name change.
But if you fill out all the papers yourself, which is simple to do, it will cost
you only $10.
Once you sign the papers take them to the county court clerks office
and leave them with the clerk along with your $10 fee. The next day or
two you'll be able to pick up the court order for your name change signed
by the judge. In order for the name change to take effect you have to
advertise it in a local paper. If you got the court order and didn't advertise
the name change it wouldn't be official and therefore wouldn't appear on
your record. This is just what you want! Take the court order to the
drivers license bureau and they'll make your name change on the duplicate
license or ID that you'll be using for new credit purposes. But don't
advertise the name change so it won't appear on your record!
Creating the New Credit File
Once that you have decided what name and personal information you
want to use for your new credit file it's a simple matter to create the file
and get the credit report on it. There are three ways to create the file. One
way is to mail a letter to the credit bureau requesting for a copy of the file
being mailed to you. The other is to go to the credit bureau to get your file.
And last of all you can have a credit granting business that's a member of
the credit bureau create the new file for you.
If you wrote to the credit bureau requesting a copy of your credit
report in the name and personal information that you decided to use for
your new credit file, then they would mail you a report on that file after
they have typed your name and personal information into the system
(where it will stay) to see if there's a credit history on the information you
sent them. When you receive the report back from them it will more than
likely have - no record found - on it. As I've stated, when they type
your name end personal information into the system to see if there's a
record of you being granted credit before, that information will stay in
their system. In other words the computer will absorb the information you
supplied them into their system as a new credit file when they search for
any credit record in the name and personal information you gave them.
And even if it comes back - no record found - it will still have in it's system
your personal information such as your name, address, birthdates, social
security number, date of birth, place of employment, etc. Your goal is to
act like you went your credit report so you can take a look at your credit
history. What they won't know is that you already know that you don't have
a credit history in that name and personal information end that this is your
way of manipulating them to create a new credit file on you by performing
a search for what they think is your file, thus creating another one for you
in the process! Since your name and personal information stays in their
system once they type it in to pull the report end a new credit file is created
in the process, then you have truly taken advantage of the loophole in
the system to get your new credit file created!
Remember that once a person gets the credit report back it will
more then likely have a - no record found - on it. And this means that the
new created file has been created, it's clear to use the name and
personal information you supplied, and the new credit is exclusively
yours! Now you can easily re-establish or rebuild your credit wisely on
that file.
The credit bureau would rather deal with people by mail as much
as possible as opposed to having thousands upon thousands of people
coming to their offices each day throughout the country. Also keep in
mind that it's utterly impossible for them to investigate even a small
amount of letters they receive, much less all of them, to see if the
information people are supplying is accurate or not. They are more
concerned with collecting the fees and keeping their work load down by
sending out as many credit reports as possible than they are at finding the
very small amount of letters from those smart enough to create a new credit
file on themselves.
So because the mail is the best means for them to communicate with
the public, along with the many variables and sometimes complex
circumstances that warrant a person requesting a copy of his credit report,
the credit bureau has no other choice but to send the requested report
without question as soon as possible regardless if the information the
person is using is accurate or not! The fact remains that you will have a
new credit file created in their system along with a new credit report on
that file! Depending on the time of year you request the file it could take
from one week to two months to receive it beck from them in the mail.
Just be patient end wait for it because it's going to be sent beck to you!
Once you've gotten the valid temporary driver's license or ID slip
that they give you until the one with the picture on it comes, you can go
down to the credit bureau with it and get a file created on the spot by
requesting a copy of your credit report when you get there. They'll give
you a paper to fill out asking for your name end personal information. Then
they'll go to their computer an pull your credit report, thus creating a new
credit file, for a $8 - $10 fee.
The safest way to go about creating a new credit file is to go to a
business such as a jewelry store that's a member of the credit bureau and
reports to them on all their clients. Take your valid temporary or permanent
picture ID that you'll be using to create your new credit file en apply for an
inexpensive piece of jewelry for about $100 on credit. They will give you
a Credit application to fill out. Then they'll go to their credit bureau's
computer terminal in their office and run a credit check on you by typing
into their computer system your name and personal information in order
to pull your credit report, thus creating a new credit file on you in the
process! Next they may want you to give them a $20 deposit on the
jewelry with the rest of the cost to be paid in smell monthly installments.
After you make your first payment on the jewelry the following month they
will report to the credit bureau that you have paid as agreed end it will
show up on your new credit file as an A-1 rating.
The Best Way to Create Your New Credit File
The way that seems to he working best for people is for them to use
their same name and birthday with all the other personal Information being
changed. This way the only thing that has to be done at the driver's license
bureau is a routine address change.
And instead of trying to go to the credit bureau or write them to get
the new credit file created it works out better for people to go to a jeweler
and get them to create their new credit file for them. Like I said this is
working out with less problem than the other ways I've described to you.
But it's up to you to decide which way you want to go about doing it for
your self.
Employment References
After you've gotten your new credit report and matching license or ID
you'll need an employment reference so that creditors you'll use to build a
strong credit profile can call and verify that you are working before issuing
you credit. If you decide to keep your name and use different personal
information to get your mew credit file and are employed. This presents no
problem to you. Potential credit grantors don't question your employer to
see if you gave the correct personal information. When they call they only
went to know if you ( the name you gave them) works there, how long
and possibly how much money do you make. If you decided to change
your name in order to create your new credit file and are also
employed, all you have to do is take your new license or ID to your
personnel office or employer at your job and they will gladly make the
name change on your records so when potential creditors call there it
will be no problems.
In either case, if you're unemployed, a friend could be an
employment reference for you or if you know anyone personally that
owns a business, you can ask them if they will be an employment
reference for you. Make sure that you tell them that it's only for
credit purposes and won't involve taxes. It might work best if you give the
person come money as an incentive for helping you.
You can also give the appearance that you are working when you
are really unemployed by getting a business phone line placed in a friends
hone with an answering service attached. Then you can have it listed in the
phone book because creditors do check to see if businesses are listed
sometimes. Having it in a corner of a friends house and listed would give
it a different address other than your own. If you would rather have it
your home you can have only the phone number listed and not the address.
Then all you have to do is tell the potential creditors that you work with a
small company that's into sales and sometimes everyone is out in the field.
But the owner will get back in touch with them if they leave a message on
the recorder. This is something that creditors run into sometimes and they
won't be surprised at you telling them this. But what they won't know is
that either you or one of your friends will be returning their call and giving
you an excellent job verification.
Sometimes creditors ask to see a check stub from your job. This
is an easy thing to get around. All you have to do is open a business
account and order the checks that have the most business like check stubs.
Remember to always type out your check stubs whenever you have to
use them. It usually takes the banks a couple of weeks to get you your
permanent checks. As soon as you get them you can close the account, if
you want to, because all you wanted was the checks stubs. And always
start off using the check with the largest number on it. This will require
you to get checks from the rear of the check books. This will make the
creditors think that the business has been in business much longer that it
has!
Bank Loan Procedure
These loans are not designed to put money in your pocket. They are
designed to get banks to trust you and start loaning you money along with
posting A-1 credit ratings on you credit report to show you credit worthy.
The best credit reference you can furnish is a record of having
borrowed money from a bank. Since bank loans are hard to get, a good
reference will usually rate you as AAA-1 and open the doors to the credit
world for you. The following is a technique for using the banks money to
build an excellent credit rating for yourself.
designed to get banks to trust you and start loaning you money along with
posting A-1 credit ratings on you credit report to show you credit worthy.
The best credit reference you can furnish is a record of having
borrowed money from a bank. Since bank loans are hard to get, a good
reference will usually rate you as AAA-1 and open the doors to the credit
world for you. The following is a technique for using the banks money to
build an excellent credit rating for yourself.
First of all go to a bank of your choice. Make sure they report to the
same credit bureau that you are building your credit file at. Open a
regular savings account there for no less than $100. Wait 3 days for the
account to be posted and then go back to the same bank and ask for a
$100 loan offering your savings account as collateral. Since your loan is
totally secured by your savings account the bank won't even make a credit
or employment check. Take the $100 loan, go to another bank and do it all
over again. Go to at least 3 banks doing the same thing. Ask for a 6 or 12
month payment plan for each loan and take your payment account
passbook with you each time you ask for a loan because you'll have to
surrender it to the bank in order to get the loan. After leaving the third
bank you'll still have the $100 cash in hand. Now go to a fourth bank and
open a checking account if you don't already have one. Wait two days,
then make one monthly payment on each bank loan from your new
checking account. Wait a full week and send your second monthly payment
to each bank. Repeat one week later with your third month's payment.
Once you've followed my plan you'll be eligible for signature loans,
credit cards, home or auto financing, or anything else. A credit
investigation at this point will list you as an excellent credit risk. And
why not? Within 30 days you'll have an active checking account,
three $100 savings accounts and three $100 loans on which you are three
months ahead on payments. You'll also have 3 A-1 credit ratings on
your credit report. And as you continue reading you'll see that you'll also
have a fourth A-1 credit rating from the bank that will issue you your visa
and/or MasterCard.
By making the first 3 payments you have unfrozen equal amounts of
cash in your savings account. You can now withdraw enough money from
your savings account to make your upcoming payments. Continue In this
manner until the loan Is paid off. You'll still retain most of your original
$100 because it continues to draw interest while used as collateral. This
helps offset the interest charges you pay. Try to keep a little money in
each savings account for future references.
Credit Scoring System
AGE POINTS
18-21 0
22-25 1
26-64 2
65-69 1
MARITAL STATUS
Married 1
Single 0
Separated 0
Widowed 0
Divorced 0
DEPENDENTS
No Dependents 0
One to three 2
Over three 1
RESIDENCE
Rent Unfurnished 2
Rent Furnished 1
Own without Mortgage 4
Own with Mortgage 3
Live with Parents 1
Rent Furnished 1
Own without Mortgage 4
Own with Mortgage 3
Live with Parents 1
PREVIOUS RESIDENCE
0 to 5 Years 0
6 Years and up 1
6 Years and up 1
MONTHLY OBLIGATIONS
0 to $250 1
Over $250 0
0 to $250 1
Over $250 0
CREDIT HISTORY
Loan at this Bank 4
Loan at Other Bank 3
Savings Account 2
Checking Account 2
Loan at this Bank 4
Loan at Other Bank 3
Savings Account 2
Checking Account 2
OCCUPATION
Professional 3
Skilled 2
Unskilled 1
Skilled 2
Unskilled 1
YEARS WITH EMPLOYER
Under One 0
One to Three 1
Four to Seven 2
Eight or Over 3
MONTHLY INCOME
Under $600 1
$600 to $1,000 2
$1,000 to $1,250 3
$1,250 to $1,500 4
$1,500 to $2,000 5
$2,000 and Over 6
Under One 0
One to Three 1
Four to Seven 2
Eight or Over 3
MONTHLY INCOME
Under $600 1
$600 to $1,000 2
$1,000 to $1,250 3
$1,250 to $1,500 4
$1,500 to $2,000 5
$2,000 and Over 6
TELEPHONE
Listed in Applicants Name 2
Not Listed in App's Name 0
Listed in Applicants Name 2
Not Listed in App's Name 0
In most cases, 18 points is the minimum number of points
acceptable if you are to receive an unsecured loan. The factors most
leading institutions weigh the heaviest are a good salary, a good paying
record and minimal obligations.
Some of you can institute this procedure with $300 or $1000 or
more. Remember that the more money you use the better your credit
report will look to credit grantors.
DO NOT ATTEMPT THIS BANK LOAN PROCEDURE
UNTIL YOU'VE GOTTEN YOUR NEW CREDIT REPORT. THIS
WAY THE STRONG CREDIT PROFILE YOU'RE BUILDING WON'T
SHOW UP ON YOUR OLD CREDIT REPORT WITH ALL YOUR
BAD CREDIT ON IT.
Enjoy,
David Powers
