I have bad credit and would like to start over, does changing SSN helps at all?
2006-12-11 04:45:27 · 9 answers · asked by ? 4 in Business & Finance ➔ Credit
I'm not real sure what the person who answered earlier was talking about with a hard time changing her SSN.
The FACT of the matter is, there is only ONE way to get a new SSN and that is to be placed in the witness protection program.
Seriously! That sounds funny but no matter what happens to you, you cannot get your SSN changed. The biggest reason is your SSN was NEVER designed to handle your credit or anything like that. It's only real purpose is to keep tabs on your for SOCIAL SECURITY benefits. That's it. The government WILL NOT allow you to change your number under any circumstance whatsoever.
The very reason credit companies use SSN is BECAUSE it cannot be changed and therefore stays with you your entire life.
Like I said though, testify against a mob boss or something and get relocated and you'll get a new one. But I'm not so sure that's s very good tradeoff...
2006-12-11 05:01:02 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You will have to check, but as far as I know there is no law against giving a number that is not yours or anyone elses as a basis for credit. As long as the purpose is not to commit fraud or liable. That being said, it would be difficult to find one that is not already assigned. The numbers all mean something, state codes, year range given, etc. Many celeb's do not use their own numbers for obvious reasons. The best way to approach this would be to have an attorney perform the process.
Understand that the credit process in our country is broken. We are all being victims of a process unregulated by the government. Yeah, that 7 year time limit was imposed by the company, not congress. The only thing the government says is that they have to play by a very simple set of rules as stated in the the Fair Credit Reporting Act. This act is geared towards the bureau's not the consumers and there are several people fighting for our rights, just not very much success yet.
Play by the rules and get a good credit repair organization involved. You will notice improvement in about 1-2 years.
2006-12-11 05:10:44 · answer #2 · answered by l_martz 2 · 0⤊ 0⤋
While you likely won't get off the hook if you're caught, you could lessen the sentence significantly if you go to the authorities first. Hopefully you still have most, if not all, of what you bought, and it may be able to be returned to recover some of the money. If you're lucky, you'll get a small fine and community service. With the amount, though, I would think you'll probably spend some time behind bars. If it's your first time, you can't get any more than 10 year and a $10,000 fine. I would guess that given your age, you'll get 2-3 years, with the opportunity for probation with 6-12 months of good behavior, and a $2000-$4000 fine.
2016-03-13 05:44:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Why are you going to change your SSN #? Secondly, you can't simply change your SSN #. You're probably better of just not paying your bills and letting them fall of your credit record after 7 years.
2006-12-12 19:35:32 · answer #4 · answered by Guru Sharma Prasad 4 · 0⤊ 0⤋
Changing your SSN would change things, but then, it's nearly IMPOSSIBLE to get a new SSN. That number is yours and your alone, for your whole life.
You don't get a new SSN for getting married, name change, sex change... I seriously doubt that 'financial burden' would be a just cause to get a new number.
2006-12-11 04:58:04 · answer #5 · answered by words_smith_4u 6 · 0⤊ 0⤋
It's highly doubtful since this number is in the system already. Best thing to do is fight the debts on your credit report. Check the ucc codes it will help alot. If the debts are real old you can dispute them this helped me improve my credit alot. You have a right to request your credit report and dispute any debts on that report. Reporting agencies don't tell unless you ask. It's a secret they try to keep to themselves. After you dispute a debt the companies have thirty days to either provide proof the debt exists or wipe it off your record.
2006-12-11 04:50:38 · answer #6 · answered by tigerlilliebuick 3 · 0⤊ 0⤋
You need to check out this video on how to increase your credit score by using a 100% legal loophole. Here is the video URL: http://www.creditscoresecret.org
I was able to get to 595 from 489 in just one day and from 489 to 748 in just a few week; that's pretty fast in my book. Good luck!
2014-09-12 00:43:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋
First of all you cant change your SS# just because you dont like your credit. It dosent work that way. Its is also VERY hard to get a new SS#, I had my purse taken a year ago and my SS card was in my wallet (dont keep yours there) and all they told me to do was to keep an eye on my credit and they sent me a list of things to keep an eye on. They only change your number in extreem circumstances.
2006-12-11 04:50:30 · answer #8 · answered by kelley k 1 · 0⤊ 0⤋
You can not change your SSN legally - you can your name - but your history follows you - sorry!@
2006-12-11 05:33:04 · answer #9 · answered by nswblue 6 · 0⤊ 0⤋
you can't change your ss#. imagine what this world would be like with everyone changing their social security # whenever they felt like it?
2006-12-14 15:27:09 · answer #10 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋