I was up late at night the other night and I saw a commercial while half awake at 2 in the morning.  They had claimed that you can create your own credit file for a low fee!  It’s that easy.  You can start from scratch and you don’t have to worry about your lousy credit past.

So, this got me thinking because I have honestly never heard of something like this.  I was really curious on how it works because generally, if it sounds too good to be true, it generally is!  What I had found is that this is usually the case but I had found some alternatives that you can use if you’re looking to start a new credit file.

How can I start up my new credit file?

Now, since we want to be legal on this blog, you’re going to have to follow these instructions carefully.  If you want to start up your new credit file, the only way that you can do this is simply by applying for an EIN.  An EIN is your employer identification number.

Your EIN is generally distributed to those that have their own business.  This means that if you want to start up a new credit file, you’re going to have to start up your own business legally.  No, you can’t just set up your own fake business and get away with it, because you’re going to find that it’s not going to work.

Now, you’re going to realize that many companies are still going to require your social security number, but there are places that will accept an EIN.  You’re going to have to find these places.  Establishments such as jewelry stores, office product based stores, and places that relate to businesses are going to accept your EIN, rather than your social security number (SSN).

When those places do accept your EIN, this is technically your business and not your personal credit report.  Chances are that if you do use this number, your credit limits are going to be rather low, since you will be new to the game again.

You have to remember that these EIN’s are assigned to new businesses only and this is one of the only ways that you can legally establish one.  You don’t want to apply for one if you don’t  intend on opening up your own business, because the IRS will catch onto you.

How can I get my EIN?

You will simply want to go to IRS.gov, request a EIN and fill out the application.  The IRS will give you a temporary EIN.  You will then receive a packet confirming that number.

More than likely, those that are going to say that they can create a new creit file are those that are going to scam you, so beware!

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