answersLogoWhite

0

It is illegal to obtain a new identity for credit purposes. It is important to build credit using your own identity and financial history. If you are having trouble with your credit, consider seeking help from a financial advisor or credit counseling service.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Continue Learning about Finance

How can changing my name help me obtain a new credit history?

Changing your name can help you obtain a new credit history by creating a fresh start with a clean slate. When you change your name, it can make it more difficult for creditors and credit bureaus to link your new identity to any past credit history, allowing you to establish a new credit profile.


Can a new LLC obtain a credit card?

Yes, a new LLC can obtain a credit card, but the approval will depend on the LLC's creditworthiness and the issuer's requirements.


How do you obtain a Visa credit card?

There are several methods to obtain a Visa credit card. One method which is probably the easiest way to do it is to go to a credit card website and sign up for it there. You can also go to the bank itself to apply for a new credit card.


How can I freeze my minor child's credit to protect them from identity theft?

To freeze your minor child's credit and protect them from identity theft, you can contact the three major credit bureaus - Equifax, Experian, and TransUnion - and request a credit freeze for your child. This will prevent anyone from opening new accounts or accessing their credit report without your permission.


You getting offers to add credit cards and obtain great rewards Does it hurt your credit to open these cards obtain the rewards pay off the balance and close the account?

Yes, having your credit pulled can lower your FICO score. Which is the score on your credit bureau report used in some cases to determine your credit worthiness. Each time you apply for a new account your credit is pulled whether or not you are approved. Closing accounts can also have a poor effect on your credit report.

Related Questions

How can changing my name help me obtain a new credit history?

Changing your name can help you obtain a new credit history by creating a fresh start with a clean slate. When you change your name, it can make it more difficult for creditors and credit bureaus to link your new identity to any past credit history, allowing you to establish a new credit profile.


Can a new LLC obtain a credit card?

Yes, a new LLC can obtain a credit card, but the approval will depend on the LLC's creditworthiness and the issuer's requirements.


How do you obtain a new identity?

if you want to be a new citizen of a country, you can register for citizenship.


Do you need your old passport to obtain a new one?

Yes, you typically need your old passport to obtain a new one as it serves as proof of your identity and citizenship.


How does identity theft affect your credit?

Identity theft can have a seriously negative impact on your credit. When thieves steal your identity, they are likely to try to open a new line of credit in your name. If they succeed, they can make purchases with that card, and you will be responsible for the charges. Even if you dispute the charges, the unpaid bills will be reflected in your credit report. Unfortunately, cleaning up a credit report after an incident of identity theft can be a long and costly process.


How do you obtain a Visa credit card?

There are several methods to obtain a Visa credit card. One method which is probably the easiest way to do it is to go to a credit card website and sign up for it there. You can also go to the bank itself to apply for a new credit card.


How can I freeze my minor child's credit to protect them from identity theft?

To freeze your minor child's credit and protect them from identity theft, you can contact the three major credit bureaus - Equifax, Experian, and TransUnion - and request a credit freeze for your child. This will prevent anyone from opening new accounts or accessing their credit report without your permission.


How difficult is home buying for new families?

Home buying for new families greatly depends on your credit worthiness. If you have a good credit score, you will be able to obtain a loan and a better rate.


What is credit card and credit card fraud?

Credit cards are the order of the day especially in these tough economic times. Many credit card companies have changed their terms not to mention making it more difficult for consumers to obtain new credit cards. The new Obama administration has also brought in new legislation to curb the bad practices that was in the industry. Yet even now credit card applications for people with bad credit are still available if you look hard enough.


Can a poor person obtain a New York City Identity Card for free?

Yes. A person with limited income and/or assets can obtain a NYC ID card at low cost or at no cost.


Can New York City agencies require that a resident obtain a New York City Identity Card in order to obtain services or benefits?

Although New York City agencies can require residents to present identification, they cannot by law require that the identification be in the form of a New York City Identity Card. Residents may present other forms of state issued or federal issued identification.


Do I need my old passport in order to obtain a new one?

Yes, you typically need to submit your old passport when applying for a new one. This is to verify your identity and to prevent fraud.