Can Credit Bureaus Be Fooled Into Creating A New Credit File For Me - By Changing My Social Security Number or Using an EIN Tax Number?
Many unscrupulous credit repair operators have promoted a scheme known as "file segregation". Technically, a few people have succeeded in using a false Social Security Number and have fooled the credit bureaus into giving them a new identity. The credit repair scheme is complicated: one must change almost all identifying information about oneself and be very careful never to use the old information again. Most often, we've seen people embark on these schemes only to slip and, at some time, provide the old information mixed with the new. Then, both credit reports merge and the consumer is left with a tangled mess of deception and suspicious credit reports.
Consider The Risk - It Is A Federal Crime
In the worst cases, people have been charged with crimes, or terminated from jobs, for using the false information. This scheme has proven to be complex, difficult, and (according to the FTC) illegal. Lying about any personal information on a credit application is usually a federal crime. Using these "file segregation" credit repair schemes requires an enormous amount of coordination, not to mention personal risk.
Recently, the FTC has gone out of its way to shut down any credit repair company that promotes literature discussing file segregation. It remains to be seen if they will be successful under the First Amendment.
Legal Options Are Available - And Are Affordable & Effective
When asking the experts at Lexington Law as to whether a person should try a file segregation credit repair program, the answer is always, "No, it illegal and not worth breaking Federal laws. Lexington Law offers legal options to repair your credit. They are the leaders in the industry and have successfully repaired credit for over 300,000 consumers just like you. There services start as low as $39 a month. See what a professional credit repair service can do for you.
Learn More: Other Credit Repair Schemes To Avoid - 100 Word Statements
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Why Use the Professional Team at Lexington Law...
Individuals can certainly repair their credit without the help of anyone; however, it can be a long complicated process. Be smart - Let experts work for you. Lexington Law has a team of credit repair experts that can turn your credit around very quickly. For as little as $39 a month, you can have legal experts correcting your credit scores! The substantial gain in saved interest and fees will more than pay for the small cost - it is smart to put credit repair into the hands of professionals.
Why not relax and let the experts at Lexington Law do what they do best! Lexington Law is so certain they can repair your credit they provide a refund if results are not met.
No Risk - Refund Policy
If Lexington Law doesn't remove enough disputed items from your credit, you will be given a refund... no questions asked. Lean more about the no-risk refund policy today!
Benefits Of Higher Credit Scores
▪ Save Thousands In Interest
▪ Lowers House Payments
▪ Make Car Payments Affordable
▪ Make Saving Money Possible
▪ Provide Resources For Children
▪ Reduce Family Stress
