Why can't someone steal my identity and improve my credit score?
2007-10-04 10:49:40 · 6 answers · asked by Anna Rexia 5 in Business & Finance ➔ Credit
Because the thief won't pay the bills at the end of the month, unless you can convince him or her by a clever use of reverse psychology that it's the right thing to do.
2007-10-04 11:07:42 · answer #1 · answered by Anonymous · 1⤊ 1⤋
The purpose of stealing someone identity is to run up lots of debt and not pay. That pretty much doesn't improve a credit score.
2007-10-04 18:06:46 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
Those who steal other people's identities do so for many reasons, but, certainly not because they intend to build or improve the credit history or score of their victims.
However, you too could improve your credit score by paying your bills on time, avoiding late payment (and not using more than 30% of your credit limit if you have a credit card); including making sure that your creditors report your accounts monthly to the three major credit burueaus. Others include avoiding too many enquiries or opening many accounts within a short period of time.
In improving credit score in the U.S., for example, one of the greatest challenges confronting many people is the inability to keep to the above advice. This is attributed to so many "relevant" factors. If, however, you could keep to them, after 24 months, you would not only have built a credit history, but also you would be amazed at your credit score, that is, it would be good.
Wishing you the very best!
RICHARD
Credit Analyst
2007-10-04 21:24:42 · answer #3 · answered by NETWORK ADMIN. 3 · 0⤊ 0⤋
lol. Now wouldn't that be nice if it could happen. Identity theft always brings in loads of bad credit not Good credit.
2007-10-04 18:01:55 · answer #4 · answered by orange_slice 4 · 0⤊ 0⤋
it would take a very retarded thief to do that.
2007-10-04 18:01:28 · answer #5 · answered by Anonymous · 1⤊ 1⤋
CAUS IT DON'T WORK THAT WAY
2007-10-04 18:01:33 · answer #6 · answered by D.C. 6 · 0⤊ 0⤋