How To Create Cpn Numbers The Right Way

Author : The Credit Specialists
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.6/5 (371 download)

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Download or read book How to Create a New Credit Profile, Obtain New Credit, and Rebuild Your Old Credit written by The Credit Specialists and published by . This book was released on 2020-04-15 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn the proven method to create a new credit profile, obtain new credit and rebuild bad credit.* * * * *TABLE OF CONTENTSWhy We Wrote This BookHow This Book Can Help You1.Establish a new credit profile and obtain new credit2.Build a credit score of 700 or higher in 12 months3.Minimize creditor harassmentThe 3 Steps to Success1.Establish new personal information2.Apply for secured credit cards3.After one year, convert secured cards to unsecuredOld Credit Profile vs. New Credit Profile1.Build a wall around your old information2.Never mix your old and new informationManaging Old Credit Problems1.Forwarding mail to a PO box2.Porting your phone number3.When to disconnect your phone4.Updating lender accounts onlineEstablishing Your New Information1.Obtain copies of your existing credit reports2.How to establish a new residence address3.How to establish a new email address4.How to establish a new phone numberEstablishing a Slight Variation of Your Name1.Review the names on your old credit reports2.How to modify your first name3.How to modify your middle name4.How to pay new credit cards with an old bank accountShould I use an SSN or an EIN?What is a CPN?Creating a Virtual SSN1.First 3 digits (State)2.Middle 2 digits (Group)3.Last 4 digits (Serial)4.Determining your age5.Generating your new virtual SSN6.Establishing your birthdayEstablishing Your Salary and Expenses1.Look like a recent college graduate2.Understand the DTI ratio3.Do you rent or do you own?4.How long have you lived at your current address?5.What kind of car do you have?6.Determine your profession and salary7.Determine other sources of income8.Determine your employer nameApplying For A Credit Card1.Start with a secured credit card2.No-fee cards preferred3.Avoid credit unions and retail store cards4.Apply for cards that include free monthly credit scores5.Only use your new information when you apply6.You have both a checking and saving account7.You rent instead of own8.You have lived at your address for more than two years9.You have very low or no monthly debt payments10.You are currently employed11.You have no other sources of income12.Security deposit amount13.What happens if my application is declined?Managing Your New Profile1.Give as little information as possible to creditors2.When to never use your new profile3.Convert secured accounts to unsecured after one year4.Pay off each card in full each month5.Understand how FICO scores work6.Wait 6 months between credit applications7.Give yourself a pay raise every year8.Ask for an annual credit limit increase9.Put a security freeze on your credit reports10.Closing an accountManaging Your Old ProfileOther Items1.Should I update my photo ID and bank account?2.What about car loans and apartment rentals?3.The 7 year limit on negative items4.Should I file for bankruptcy?5.Time-barred collection of old debts6.Dealing with debt collectors and "zombie" debt7.Paying off old debt at a discount may cause tax problems8.When you no longer need your new profile9.Am I using someone else's SSN?10.Avoiding legal problems11.Final wordsAPPENDIX1.Social Security Numbers - First Three Digits (State Number)2.Social Security Numbers - Middle Two Digits (Group Number)3.Social Security Numbers - Last Four Digits (Serial Number)