Hiding Bad Credit May Be Illegal.

Some credit repair schemes promise you that they can “hide” bad credit by helping you to establish a new credit identity. If you pay a fee for such a service, the company may direct you to apply for an Employer Identification Number (EIN) from the Internal Revenue Service, and to use the EIN in place of your social security number when you apply for credit. You may also be instructed to use a new mailing address. This practice, known as file segregation, is a federal crime.

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Posted in Credit Repair on Sep 21st, 2007, 10:40 pm by admin   
Mortgage Problems and Mortgage Trouble

One Response

  1. Foreclosure » Hiding Bad Credit May Be Illegal.
    September 22nd, 2007 | 7:38 pm

    […] macready12 wrote an interesting post today onHere’s a quick excerptSome credit repair schemes promise you that they can “hide” bad credit by helping you to establish a new credit identity. If you pay a fee for such a service, the company may direct you to apply for an Employer Identification Number … […]

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Hiding Bad Credit May Be Illegal.