SSN Policy Manual

Policy Manual

a new credit report. Creating a new credit report is as simple as completing a mail-in credit application for a credit card. You can enter anythmg on the application you wish, but it is prudent to be realistic. Your credit application will very likely be rejected for something like "no credit file exists" or "insufficient credit history." Of course, if it is a new identity, it is not surprising that a credit file does not exist. However, at the moment they got that reply, the agency's computer also created a new file . . . and now it does exist. Next apply for a credit card or just wait for the "pre-approved" junk mail to arrive (now that you have a credit hstory, it will come). Complete an application for secured credit card. You are "pre-approved" if the information you put on the application matches the information in your credit file and you pay the deposit they want. If you use the card and always pay your bill properly, you will quickly begin establishing a quality credit history. Also note, that the credit report does not reflect the fact that you have secured credit card, so others will only know that your credit history is good. Never merge your new credit with your old credit file. Here are some simple items to avoid when establishing your new file: Avoid asking for credit at places where you previously had credit. Do not open an account at a bank where you've done business in the past. Do not give out previously used credit references. Do not use addresses, phone numbers, relatives, etc., that you used in your previous file. Avoid having your spouse listed on your credit applications - no joint credit! Avoid using social security number. Do not use checks fiom your old accounts to pay new creditors. If you use a social security number, do not give it to anyone you had contact with in the past who could connect you with your past credit file. When starting this new process you may be asked "why don't you have any credit?" This is easily countered by saying you've been out of the country for several years, or that you were in the military, self-employed or had no previous desire for credit. The Fair Credit Reporting Act Amendments to the Fair Credit Reporting Act (FCRA), effective September 30, 1997 - benefit consumers by strengthening privacy provisions and defining more clearly the responsibilities and liabilities of businesses that provide information to - and access data from - credit reporting agencies. Information in your credit report can affect your ability to get a job, a mortgage, a loan, a credit card or insurance.

Get a Copy of the Credit Report To obtain a copy of your credit report contact: