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que90nek
10-13-2005, 06:07 PM
Admin pointed out a good way to up your score.

Here's another neat thing that businesses do ALL THE TIME.

Now this method will not IMPROVE your credit, but rather give you a NEW CREDIT LINE....

1. Get a dba in a business name and get a separate tax id for that business name
2. Go open up a business checking account
3. Now....apply for a business line of credit.

yes, they will base your credit line on your personal credit, BUT

your line of credit purchases will not count on your debt ratio from your personal credit report...in fact ....it won't even show up.....anywhere unless they grab THAT credit report ....which....you may eventually want them TO!

i'm gonna do this tomorrow...let ya'll know how it goes.
mack_black
10-14-2005, 04:36 AM
dba???? whats that??
Pamalicious
10-14-2005, 04:37 AM
dba???? whats that??


Doing Business As As in Que dba Houseorama, etc.
jaila
10-14-2005, 07:02 AM
in order for this to work one must already have good credit right?

*sigh* walkin away slowly.
ChrissyG
10-14-2005, 08:57 AM
in order for this to work one must already have good credit right?

*sigh* walkin away slowly.

exactly....this not going to work for me but still lookin to try admin trick .
que90nek
10-14-2005, 09:59 AM
it's a way to KEEP good credit...

especially if you NEED credit you can use your OTHER name, instead of your true name.
HisWife711
10-14-2005, 11:44 AM
it's a way to KEEP good credit...

especially if you NEED credit you can use your OTHER name, instead of your true name.


Can I use my married name as my New Name, but don't my SS No. stay the same?
GraveDigga
10-14-2005, 12:10 PM
my brotha has already done this...his credit wasn't all that hot and once he recieved his tax id he don't even use his ssn anymore. str8 up 800 club
que90nek
10-14-2005, 02:06 PM
your maiden name is attached to your original TAX ID called a social security number.

A dba cost about $15....the hardest part is figuring out the name of your new identity.
Admin
10-19-2005, 09:45 PM
Que, I read about this a few years ago. In the book I was reading, the author called it a second credit file?

You can also alter/change one digit of your SSN and this will create a new credit file.

Holla
misha
10-20-2005, 07:53 AM
a lawyer to file the paperwork? Or could I do this myself??? And where do I file it? You have piqued my interest and I wanna know!!! I am going to try this.
que90nek
10-20-2005, 08:55 AM
misha...

you do not need a lawyer to get a DBA.....but you will probably have to go to your county courthouse.......

also....the TAX ID can be done at irs.gov

they will call it an EIN....but it's the same thing.

you set it up as a sole proprietor...

for any of you that operate some OTHER business....this is a DEFINITE must do.
misha
10-20-2005, 11:11 AM
Does it cost alot? Because if it doesn't, I just may try doing this before I start my holiday spending...wanna have enough money to do this.
que90nek
10-20-2005, 11:37 AM
in texas a dba costs about $15. (or was it $20)

the tax id is FREE.