ID Theft

 
FREE 32-Page Report:

How to raise credit score after ID theft?

I am a victim of 4 year long case of I.D theft. I was unable to have credit in my name during this time, as a result my credit score is very low I am 37, I do -not owe any bills. I have a low paying job no children & my car is paid for how can i raise my credit score

Public Comments

  1. Apply for some credit cards, and only use them once for a tank of gas or something and don't use it anymore
  2. You are in a good position. Make certain that all financial records of your past are not linked to your future. Get another bank account, get new credit cards (there are cards you can get where you post $200 - $500 and you have credit). This is important. Buy everything (car, house, boat, you name it) at discount. Sell it, them, for a higher price. This is what is done when people buy houses and flip them. Buy shacks at sheriff sales, sell them to contractors. I bought one for $800 and sold it for $3,600. The net of $2,200 can position you to buy a house with much cash on hand. The credit community loves to loan to a buyer that has a lot of colloidal.
  3. PIGGYBACKING: Despite its' virtually unlimited potential, piggybacking is not used by nearly as many consumers as it should be. It's easy, effective, and extremely fast. Unfortunately, it's mostly used among parents and siblings while those who can really benefit stay in the dark. How it works. Almost every credit card or credit account will allow the primary account holder to add on (at a later date) what's known as an "Authorized User" or "Secondary Account Holder". In most cases, when this is done, the entire account history (retroactively) gets posted to the authorized users credit report regardless of their current age or credit history! For example. If it's a credit card with a $10,000 limit which has been paid as agreed for the last 10 years, then that complete history will be posted to the authorized users' credit report. I once saw a clients' credit report who used this technique with his mother. He was only 24 at the time and he had a $15,000 Gold credit card on his report with history going back 11 years! I laughed as I thought to myself that this kid would have had to be approved when he was 13 years old for this account to be his! As you can see, this strategy is usually only used by parents and their children and in most cases with no regard to the benefits the children are reaping credit wise! In fact, in recent years, due to its' effectiveness, this technique has led individuals with excellent credit scores to "rent out" authorized user accounts on one or even multiple credit cards in return for a fee! I once recall seeing an ad in USA TODAY for just such an opportunity. Like most good credit loopholes, I'm sure this methods' days are numbered much like what may be the case with... For more information on the CREDIT SECRETS BIBLE you may visit: http://gaby1221.niesong.hop.clickbank.net
  4. I am a little curious, and you do not have to answer this, but I am an independent associate for identity theft shield, and I was just wondering what you had to do to clear it up? Didn't you have anyone who could restore it? Again, I do not mean to get personal and you can just tell me you do not wish to discuss it or it is none of my business. I just would like to know because in my company I always hear stories, but never from the source. Thank you and I am sorry about your situation.
Powered by Yahoo! Answers