Anyone please help.

In college I racked up a lot of debt ( credit cards and student loans) I was not able to make payments for quite some time and my credit was ruined. With my credit being ruined, it made it very difficult to do normal things like rent an apartment, get a car (after mine blew up)or things like that. A friend of mine told me I should "Start a new credit file" He had done it, and used it to get a new car, house and credit cards. So I did it as well. It entailed using a # that is an unassingned SSN. Everthing went fine, things were great untill about six months ago I lost my job. I'm now making 1/3 of what I use to make and there is no way I can pay all of my bills. Up untill this point I was paying off my collge credit file stuff and my new credit file stuff. Now my new credit is also shot because I haven't been able to pay a lot of bills and I'm behind on everything. What I would like to know is: can I declare bankrupty with both my credit files or can I declare bankrupty on one file or the other? Will I get in trouble for "creating" a new credit file?

pls email me @ phase4@bigfoot.com. i may be able to shed some light on this matter because i was involved in the same process. however, this forum is not the place to discuss at least one of the issues you mention.

[JETX]

First, you need to be aware that by creating a 'new SSN file', you have broken a few federal laws and might be subject to prosecution. This whole business of 'new credit' is full of fraud and scams by people who take you money and run, leaving you with possible federal charges. You need to go to the FTC website (http://www.ftc.gov) and take a look at the scam notices there.

As to your other problem, your 'new' credit file will be merged with your 'old' credit file. This means that all of your credit history will catch up with you. Then once you have a single file, you will need to decide your best route to take.

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Steve Halket
Judgment Recovery of Houston
JRS.Houston@excite.com
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This is my PERSONAL OPINION and is not legal advice! Consult your local attorney for your specific situation and laws!