BiggerPockets

Using ANYTHING oter than your government issued SS# to apply for a loan is fraud. NEW CREDIT FILE SCAMS are all over the place and the customer is the one who ends up paying the price. You can not just erased you entire credit profile and start all over. This isnt even close to legall. Look it up folks.

I have heard about this 9 digit number but I thought it was called a CPN number. Here is a link to the privacy act. I don't know about a clean slate, but I do have on and I use it for non government issues (You cannot use it for government issues ie...taxs, fha, va, employment). I don't sale this, I'm just giving info.

http://www.usdoj.gov/oip/1974ssnu.htm

There are CPN and TIN numbers people use when applying for bussiness credit but if you are applying for a home mortgage and the form asks you for your SS number and you use ANYTHING other than you government issued SS number, it's fraud as clearly stated in the terms and conditions. This applies to credit cards and almost all other forms of credit. Just because you don't get caught once or twice doesnt mean you won't get caught down the road and fraud is no slap on the wrist. Why would it be legall to just go out and get a new number? What would be the point of credit scores if that were the case? :) Just be carful out there.... the sharks love cold water and the days of hot financing are long over!

Well.... in some cases we add their rental history up to the past 3 years to reflect as an open active REV tradeline that continues to report as long as you are not late, if you move the subscriber will continue to report with the new landlord.... How is that fraudlent? We are working on being able to do the same thing with cell phone bills and other utilities.... don't asume, it's not an apealing quality. Another form of tradeline is Authorized user accounts which although are still not counted by all underwritters, they still help boost your score. Example: Wife has a Macy's card she's had for years and never been late on. Why not add the husband as an authorized user so that he gets credit for the payments too? It's not fraudulent is it? Should he not also get credit for that? It's not like we are making up tradelines and reporting to the credit report.. not like making up a new number so they don't have to be responsible for their inability to pay their bills in the past. Everything we do it carefully looked over by our team of lawyers to make sure it is legall. We are not some over night chop shop, we have been around over 13 years. We've had 0 complaints with the BBB.. don't believe me? Look it up.

Authorized users do not get any FICO goodness any more. The example you used of the husband being added to the wife's account only works if it is converted to a joint account.

As to adding the rental history and other non-traditional trade lines, Fair Issacs has already said they are going to adjust the models to either exclude or severely reduce any positive impact those provide.

However, all of this is moot in the current lending environment. Underwriters are not going to let anything the least bit questionable slide any more.

Taz.... you are completley inccorect. FICO 08 has not even been implemented yet and my cstomers authorized user accounts are still showing up on credit reports. I recently had my husband add me to 3 of his cards and as of last week they not only reported by my scores are higher. Tell me something..... everyone think carefully and tell e why it would make sence for all three credir bureaus to se the same scoring module? (FICO08) wouldn't they all be pretty much reporting the same score? Wouldnt that negate the need to have 3 credit bureaus? So why would they purposely put themselves out of business... why would banks want to pay to see three scores when they are all the same? Everything Taz has said here is hearsay not fact. (except the fact that using a secondary number is illegal.... because it is) Unfortunatley there are many credit myths out their that are very inccorect. Trust me when I say that when these changes are implemeted we will be amoung the first to know. We are all board certified by the NATIONAL BOARD OF CREDIT EDUCATION (NBCE) This means we were trained and certified to know everything there is to know about credit. We are not some fly by night useless "Credit Repair" company shooting off dispute letters and calling it credit repair.

Exactly... thats what I was saying... FICO 08 isnt implemented yet. The webite for the board of credit edcation is down or I'm ptting it in wrong. Be patient and I'll post that information. Still not sure where you are getting your from though. Tell me... what is your job title that makes you qualified to give advice on credit.

Being a lender shareholder, in no way qualifies you as an expert in credit. I was an underwritter with several lenders as well as an account manager and AE, that alone doesnt qualify me either. Every LO thinks that just because they can read credit scores that they know about credit and its just not true.
I am not arguing that a consumer will never see the same scores as a finiacial institution or the like pulling their credit. It states on most sites in the disclaimer that these consumer websites use their own scoring modules based on the public information provided by the bureasu to generate their own credit scores.

taz very very informative.... why is it that credit seems to be such a gray area that no one seems to completey understand/master?? I am so sick of getting the go around and receiving contradicting "facts" from so called gurus in this industry... case in point: I applied for an ING direct line of unsecured credit recently. I instantly received it but the amount was paltry so I put in a request for more... they sent me a letter stating that they were unable to grant an increase because of 1) collection accounts 2) recent lates 3) my credit score wasnt high enough.....

they said contact equifax for further info.
I got my up to date EQ file and "score" and reviewed it. Funny- there were no recent lates and there was certainly no collections. in addition my score was a 720 which should have easily qualified me unless in todays market you have to have an 850....

I contacted ING and asked the rep if they were looking at the right credit file. they said yes and I said wheres the collection account located? they said I have to contact equifax... at this point I was about to lose it! I told them I have a damn up to the minute file in front of me and they said I have to contact EQ to dispute any accounts. I said theres no damn account to friggin dispute!!!!

the only thing I can think of is that they have a file that shows complete history (going years back with deleted/flagged items) like you said with things that are not shown to me. If what youre saying is true about their ability to see that, thats BULLSHIT! how can we ever get things permanently deleted and have accurate files/scores???

also since there is no true FICO technically what would you say the biggest point difference amongst them is on avg? could my score be a 750 with one eq pull and a 680 with another one?? if thats the case thats a huge discrepency and they need to get on the same page here....

Thats fine and dandy to have accurate reporting, however are you saying that EVERYTHING on the flagged file is always 100% accurate?? that would be asinine to think that it is... I have sued experian twice in manhattan court over erroneous reporting- accounts with someone elses social security number entirely were being reported. In the end those accounts were "removed" from what I can see. Are you telling me that they now fell into a secret file that is still on my confidential/flagged file?? if that is indeed the case there must be a way to get it truly deleted ESPECIALLY if it was for some library collections account for a guy in bum**** louisiana!