Why A New ID Is Not A Good Choice During 'File Segregation'
If you haven't heard of it before, 'file segregation' refers to the credit repair scheme created for people who file for bankruptcy. However, this scheme has found a lot of people hiding their unfavorable personal information and establishing new credit identities. Today, we are proving why that's always a bad idea.
First and foremost, you should be wary credit repair services make a variety of false claims against your credit - and if you register under a new ID, that will likely show on your credit history. The end results of this 'penalty' won't go in your favor, especially because you may not be able to get credit for 10 years afterwards.
So, it's obvious that obtaining a new credit under a new ID is not a smart move. It is a risky move that acts as a dead-end to your financial future. On top of that, as a practice it is illegal - but also a thing you should hear from your credit company in the beginning of the process.
The bottom line is that the phase called 'file segregation' covers all candidates who file for bankruptcy - and is a scheme which is almost impossible to fool.
If you need assistance with repair your credit we can help! Click here to schedule a free consultation with one of our nationally accredited certified credit counselors.