Name Change

[shoebox21]

What is the name of your state? Kansas

I saw an advertisement from a comany that claims they can help improve ratings quickly. I contacted them and they told me that if I change my name then I would be able to get a revolving credit account easily. They said that the credit card company does not run Social Security # since they have tons of applications to run at the same time. This sounds like BS to me. Does anyone know if this is possible?

[JETX]

Originally Posted by shoebox21

What is the name of your state? Kansas

I saw an advertisement from a comany that claims they can help improve ratings quickly. I contacted them and they told me that if I change my name then I would be able to get a revolving credit account easily. They said that the credit card company does not run Social Security # since they have tons of applications to run at the same time. This sounds like BS to me. Does anyone know if this is possible?

Your 'scam' alert must be screeching so loud, it wakes the neighbors!! Of course, this is an outright scam!!
Do you really think that the creditors simply issue credit cards to anyone with a name?? And that they do not check an applicants SSN?? Come on!!

From a website:
Credit repair ads often appear in the classified section, conspicuously near the employment ads or the "for sale" ads. A few credit repair plans attempt to be honest; most are just come-ons to part the unwary from their money.

One example is the legal clerks who advertise legal name changes (which will supposedly clear bad credit histories). This is far from the truth. A name may be changed, but a credit history will follow someone’s social security number (which cannot be changed). In truth, most creditors like to see stability, so a name change can even further hurt someone’s credit.

Credit repair ads can also be outright cons. For example, someone may mail in money to get a book of "sure-fire" methods for credit repair. When the advertised book arrives (if it arrives), it will turn out to be a pamphlet with tips such as, "learn to pay with cash." In reality, there is no quick way to repair credit—only time and paying off debts will repair credit. Credit repair plans often turn out to be advertisements for guaranteed credit cards (with a cash deposit required to equal the credit amount) or high interest finance companies. These companies promise that maintaining a good history under their loan will somehow fix a bad history. Not true. If problems appear on your history, they will stay there regardless of how many additional loans you take out.

Last of all, credit repair schemes advertise expensive programs which will purportedly challenge any bad ratings from past creditors. Supposedly, the creditors won’t answer the challenge and any bad marks will have to be taken off. Not true. Finance companies are required to maintain records on customers for many years after a loan or credit card is closed. Financial institutions are also very careful to back up any derogatory notes they have ever reported to the credit tracking bureaus.

For more:
[url]http://www.ftc.gov/bcp/conline/pubs/credit/creditid.htm[/url]
[url]http://www.bbb.org/alerts/article.asp?ID=327[/url]
[url]http://library.findlaw.com/1999/Jan/1/130704.html[/url]
[url]http://www.cardweb.com/cardtrak/news/1999/february/4a.html[/url]
And on ad nauseum......