How To Start A Second SEPERATE Credit File!

Your personal credit file is separated from those with the same or similar names by several factors, including a driver's license number, birth date, or spouse's name. Although these are three important identifying marks, the number one identifying mark on your credit report is your social security number. Since there is no one else in the United States with your number, your file is easily identified. The chances are very small that the social security office in your area will issue a second number just because somewhere down the road you messed up your credit. However, it is impossible that a second personal file would be created.

The second kind of credit file is the business credit file. Business credit files are identified by the business name and by a computer generated and assigned identification number. Your business file is listed with credit bureaus like Dun and Bradstreet and Stanley and Porous, etc. A Company credit record can be built and used just like a personal one. The idea is to take a hobby or trade that you possess, and start a new small business for which you can create a name and a new credit file. There are hundreds of small businesses that can be run from your home. These small businesses have the potential to generate high part-time or full time earnings. I suggest visiting your nearest bookstore or library to obtain a book on the numerous business opportunities available.

Once you have established a business name and idea your next step is to build a credit history for it. This is done using basically the same techniques that you would use for building your personal credit record. It does not matter how bad your personal credit record is. The business will be judged on its own record. I just recently had a student obtain an American Express card through her small business, which is only nine months old even though her personal record is riddled with bad credit. As you will see, the key is to maintain a stable payment history with all credit accounts.

Please visit: www.net100.495site.com for more info on starting your second credit file!!!

Chris Samuels
CEO Net100

---

Credit Cards: Pros and Cons

Sure, there are a lot of problems with credit cards, but there are a lot of good things attached to them as well. For instance, if you... Read More

Minimum Credit Card Payments to Rise

For years, major credit card companies have allowed cardholders to make minimum payments of 2% of the outstanding balances on their credit cards. Having customers pay the... Read More

The Right Way To Credit Repair

If you have a bad credit rating, then you might find that your ability to get financing, loans, and even some jobs is greatly diminished.Once you have... Read More

Credit Cards -- What You Should Know

There are a lot of questions about using credit cards. Here's some important points for you:A quick look around on the Internet this morning shows that more... Read More

Credit Card Security Advice

Which of the following is the biggest threat to your credit card security?a) Shopping online with a credit card b) Shopping in a real store with your... Read More

Credit Repair Scam - How To Avoid Being A Statistic?

A good credit history is critically important for the consumer. A bad credit will prevent you from getting a business loan, owning a home, or even a... Read More

A Debt Mentality

While working through my own debt situation, and helping others resolve their life issues regarding debt and credit, it never ceases to amaze me how similar the... Read More

Have You Ever Opened a Checking Account?

Maybe some of you are saving it in your trusty piggy bank, under your mattress or way back in a sock drawer. Although I'm glad that you... Read More

Credit Cards and How To Choose Them:

It may seem like a simple question but its important to take into account a few factors when choosing your credit card. If you are in the... Read More

What You Should Know About Credit Counseling

Credit counseling is a free service that many people with money problems have turned to in the face of financial ruin. Credit counseling companies negotiate with your... Read More

Finance - Money, Money

Finance is a big word for some of us. It's a little scary. Maybe you immediately go to thinking about "high finance." That's even scarier. But what... Read More

Credit Card Shocker

Have you ever looked at your credit card statement? I'm not talking about just making sure that all the transactions are correct. I'm talking about looking at... Read More

How A Prepaid Debit Card Can Help You Rebuild Your Credit

Consumers today are up to their eyeballs in debt. And many people don't realize it until their good credit has been devastated.As a result, many credit repair... Read More

How Can A Qualified Mortgage Consultant Help Boost Your Credit Scores?

Consumers interested in purchasing or refinancing a home will pay an interest rate based on current market conditions and their ability to pay back the loan. The... Read More

Maximizing Credit Card Rewards

In their quest to get you to sign up for their credit card, banks and financial institutions are coming up with more and higher incentives to entice... Read More

All You Wanted to Know of Bad Credit

Martin Henderson is in a fix these days. Because of his failure to repay a loan he had taken a few years back, he has been adjudged... Read More

Your Guide On Choosing a Credit Card To Suit You

Reach into your wallet or purse, pull out a card, swipe, and you're done. It is very easy to use a credit card. The problem lies in... Read More

My Student Credit Card Adventure

And some practical advice too!My first credit card?I remember my college days when it seemed there was a credit card advertisement on practically every bulletin board on... Read More

Identity Theft - Dont Think You Are Immune

As identity theft becomes more prevalent, the need to regularly check your credit report is very easy to see and understand. Two big headlines in the news... Read More

Credit Report ? Watch Out for Parking Tickets

The economic downturn of the last five years has affected millions of Americans, but it has also affected the budgets of states, cities and counties. With limited... Read More

Credit Card Is Adding The Silver Lining To Your Pocket

In the new millennium plastic money or credit cards has rendered a new zing factor to your pocket. This has not only made you economically more flexible... Read More

How To Read Your Credit Report

The Fair and Accurate Credit Transactions Act, signed into law on Dec. 4, 2003, gives every American the right to a free credit report every year from... Read More

SuperCharged Secret 4, Credit Card Utopia

YOU SCRATCH MY BACK, AND I'LL BUY SOME MORE BEER!Let's just take a brief moment to recap:If you've been following along on this journey with me, learning... Read More

Building Your Credit History

Today, credit is an indispensable part of our lives. In order to get the things you need, such as a home or a car, you have to... Read More

Tackling Bad Credit

The first time I heard the term credit history was when I approached a lender for a secured loan. Being a first timer I was completely ignorant... Read More

Clean Credit Report: Easily Raise Your Credit Score 100 points

Clean Credit Reports, your credit report contains information about where you work, live and how you pay your bills (On time or not). It also may show... Read More