Why would you want a new credit file, illegally or legally?

On the way to work this morning, I came upon this sign tacked to a fence.

Get a new credit file legally! Only $30! 100% guaranteed!

First of all, I don’t even know if that is possible or legal or even guaranteed. It seems pretty shady to me especially with the low low price of $30.

Second, think about the motivation of people who need to get a new credit file. They’re either so in debt and their credit is so bad that they need this or they’re doing something illegal (or witness protection?). If your credit is so bad that you need a new credit file, then once you get this new credit file, what’s to stop you from repeating your mistakes and screwing up this one too? It’s not the credit that’s the problem. It’s the financial habits that people who need a new credit file have.

It’s missing payments. It’s simply defaulting on payments. It’s taking out too many loans or credit cards. It’s declaring bankruptcy and foreclosure. These are the results of bad habits! Change the habits first and slowly build your credit back up. It can be done! The file basically tracks the last 7 years of your financial habits. Sure, it’s not as easy of a solution and definitely not as quick, but if you work hard on it and change your habits, that at least is 100% guaranteed.

And if you need a new credit file to do something illegal, I have only one word for you: DON’T! Unless you’re in the witness protection program but I suppose the police set up something like that for you already.

Why would you want a new credit file?


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