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10 Dirty Tricks Credit Card Companies Play
The credit card companies make billions each year in legitimate interest charges and fees, but are under constant pressure from the shareholders to increase their earnings. To make this extra money the credit card companies sometime adopt some dirty...
Balance Transfer Credit Cards And Their Rewards
If you haven't been credit card shopping recently, you'd be
amazed at the variety offered today. In addition to the
different interest rates, the extent of rewards or perks offered
is vast. There are cards offered to fit everyone's needs....
Know Your Credit Card Rights
When you apply for a credit card, the application that you sign is also a legally binding contract laying out all the terms between you and the bank, such as the interest rate and how its calculated, the grace period, whether there’s an annual fee,...
Maximizing Credit Card Rewards
We spend money every single day on many different types of products and services and the banks' newest offer is that of saving when spending if you use their services; that is if you pay for your expenditures with special credit cards. These credit...
The Best Credit Card Promotions
In determining which credit card to choose, it's best to know
the purpose of getting the card. Credit card companies may offer
cards to their clients that have flexible terms with varying
annual percentage rates or APRs. In choosing a credit...
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One Solution to Bad Credit - how to beat the Credit Bureaus at their own game.
There's only one sure way of freeing yourself from the shackles of bad
credit. Create a new credit file within the credit bureau's
computer system!
The credit bureau has many identities entering their system for
the first time or leaving permanently because of the thousands
of births and deaths in America each day. Because of the vast
number of people in the USA and the massive amount of
information being stored on every aspect of our lives, a complex
situation exists that limits even the most powerful computer
system's ability to keep track of these gigantic reservoirs of
information compiled on the American people! This situation is
further complicated due to increased legislation that restricts
the ability of different computer agencies to cross reference or
exchange information on citizens, People that create new credit
files on themselves understand these things very well.
Contrary to popular belief, the computer is not foolproof. It
can't think yet, so therefore, it's vulnerable to those that
understand this. As it stands today they don't have artificial
intelligence and can only act on what's put into them. GIGO, or
garbage in, garbage out. The credit bureau lacks the safeguards
to protect itself from outside manipulation and is limited in
its ability to tell if the information that's input into their
system is accurate or inaccurate. And because of this there's
hardly ever am investigation done on those that create a
new
credit file because of "how" they manipulate the system to their
advantage.
Taking all this into consideration, we've discovered the avenue
through which new credit files are created. It's called the
"LOOPHOLE". There are 3 main ways that people create a new
credit file. One is to use their same name with different
personal information. Another is to use the same personal
information with a different first or last name. And last of
all, they use an alias name with the same or different personal
information. When we speak of personal information we're talking
about a person's birth date, address etc. It's up to you to
decide which way is best for you.
The credit bureau's computer has to match a person's name and
personal information with what is stored in its memory banks or
it won't be able to find the person's credit history! Any one of
the 3 variations mentioned in the previous paragraph throws the
computer off in its search for a person's credit history and as
a result a "no record found" is reported back to those
performing the credit check. A "no record found" means that a
new credit file can be compiled on a person based on the name
and personal information used in the initial credit check and
would belong exclusively to the person desiring to do such!
Thus, a new credit file is in the making!
Interested in this subject? Try this link for more of the same
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