Posts Tagged Ssn
How do I get credit reports on my customers?
Tom V asked:
To get my own credit report, I had to provide all kinds of personal info, plus I had to answer “verification” questions. But when I applied for a sears card, all they needed was my name, ssn, and date of birth.
To get my own credit report, I had to provide all kinds of personal info, plus I had to answer “verification” questions. But when I applied for a sears card, all they needed was my name, ssn, and date of birth.
So how does that work? How do I get sears access to credit reports?
Edward
Using an Individual Taxpayer Number (ITIN) To Build Credit
Andrea Stiles Pullas asked:
What is an ITIN?
An ITIN is assigned by the Internal Revenue Service (IRS) to individuals who are not eligible for a Social Security Number (SSN) but have earned taxable income. You can apply for an ITIN when filing taxes or when opening a savings account in the United States. ITINs are nine digit numbers, similar to the SSN, that begin with the number 9 and are generated to be used as identification for tax purposes.
Aside from tax payments, an ITIN can also be used to access financial services. Some banks may take the ITIN as part of your identification when you apply for a bank loan or credit card. However, there are limitations to the use of an ITIN from a legal standpoint. The ITIN cannot replace a Social Security Number (SSN), especially when it comes to working rights. The placement of on ITIN on work documents constitutes fraud.
Using an ITIN to Build Credit
Many financial institutions will accept an ITIN as a form of identification to apply for loans and credit cards. By using your ITIN number to apply for loans or credit cards you can begin to establish a credit history in the United States.To make sure that your records get reported correctly with credit reporting agencies, it is important to understand how the agencies operate. The three largest credit bureaus, TransUnion, Experian, and Equifax, compile a person’s credit history by obtaining information from their creditors such as credit card companies and financial institutions.
They use personal information, such as an SSN, birth date, address, and full name to compile a credit report for each individual. An SSN is a unique number and helps the agencies recognize and verify identity when receiving personal credit report information from
creditors.
When the bureaus receive credit information about an individual with an ITIN number it is possible that they will utilize a combination of their name and address to verify their identity. Therefore, if you are building a credit history with an ITIN number, be sure to always use the same spelling and your full name each time you apply for credit. For example, if Carlos Diaz opens a credit card with Chase and then opens a credit card with Citibank as Carlos Ramon Dias, there may be confusion. The credit agencies might create two different
credit reports – one for Carlos Diaz and one for Carlos Ramon Dias. In addition, each time you change your address it is best to update it with each creditor to ensure that information from your creditors is reported correctly.
Tip: Tax season is a great time to apply for your ITIN. Many free tax preparation sites for lower income individuals will help you apply for free.
Sources:
www.irs.gov
www.nedap.org
Gina
What is an ITIN?
An ITIN is assigned by the Internal Revenue Service (IRS) to individuals who are not eligible for a Social Security Number (SSN) but have earned taxable income. You can apply for an ITIN when filing taxes or when opening a savings account in the United States. ITINs are nine digit numbers, similar to the SSN, that begin with the number 9 and are generated to be used as identification for tax purposes.
Aside from tax payments, an ITIN can also be used to access financial services. Some banks may take the ITIN as part of your identification when you apply for a bank loan or credit card. However, there are limitations to the use of an ITIN from a legal standpoint. The ITIN cannot replace a Social Security Number (SSN), especially when it comes to working rights. The placement of on ITIN on work documents constitutes fraud.
Using an ITIN to Build Credit
Many financial institutions will accept an ITIN as a form of identification to apply for loans and credit cards. By using your ITIN number to apply for loans or credit cards you can begin to establish a credit history in the United States.To make sure that your records get reported correctly with credit reporting agencies, it is important to understand how the agencies operate. The three largest credit bureaus, TransUnion, Experian, and Equifax, compile a person’s credit history by obtaining information from their creditors such as credit card companies and financial institutions.
They use personal information, such as an SSN, birth date, address, and full name to compile a credit report for each individual. An SSN is a unique number and helps the agencies recognize and verify identity when receiving personal credit report information from
creditors.
When the bureaus receive credit information about an individual with an ITIN number it is possible that they will utilize a combination of their name and address to verify their identity. Therefore, if you are building a credit history with an ITIN number, be sure to always use the same spelling and your full name each time you apply for credit. For example, if Carlos Diaz opens a credit card with Chase and then opens a credit card with Citibank as Carlos Ramon Dias, there may be confusion. The credit agencies might create two different
credit reports – one for Carlos Diaz and one for Carlos Ramon Dias. In addition, each time you change your address it is best to update it with each creditor to ensure that information from your creditors is reported correctly.
Tip: Tax season is a great time to apply for your ITIN. Many free tax preparation sites for lower income individuals will help you apply for free.
Sources:
www.irs.gov
www.nedap.org
Gina
Why isn’t the mortgage showing up on my credit report?
Posted by admin in Renting & Real Estate on March 26, 2010
chocolate asked:
Several years ago we made a decision to purchase a house in my spouses name only, to get the lowest possible interest rate. Five years later, we refinanced and added my name to the deed only. Two years later, we contacted the mortgage company and asked if I could placed on the loan. We paid a small fee, forwarded a copy of our marriage license and the notarized document (with all of my personal information (ssn, dob, etc.) stating we were tenants by entirety to the assumption department. My name has been added to the mortgage statement, but it has been a year and half and it is still not showing up on my credit report. I noticed that they have pulled my credit report several times and when i call they say it’s done. Not sure what else to do.
SCOTT
Several years ago we made a decision to purchase a house in my spouses name only, to get the lowest possible interest rate. Five years later, we refinanced and added my name to the deed only. Two years later, we contacted the mortgage company and asked if I could placed on the loan. We paid a small fee, forwarded a copy of our marriage license and the notarized document (with all of my personal information (ssn, dob, etc.) stating we were tenants by entirety to the assumption department. My name has been added to the mortgage statement, but it has been a year and half and it is still not showing up on my credit report. I noticed that they have pulled my credit report several times and when i call they say it’s done. Not sure what else to do.
SCOTT
What can you do if you filled out your personal info to a fraudulent email?
syk asked:
My sis got an email, supposedly from her bank, asking for personal info. She filled it out, including her ssn. She later called the bank back and found out it was a fraud email. The bank then changed the account number. But now someone has her ssn. What could they do with the info? Is there anything she could do about it? Should she contact the credit reporting agencies?
REUBEN
My sis got an email, supposedly from her bank, asking for personal info. She filled it out, including her ssn. She later called the bank back and found out it was a fraud email. The bank then changed the account number. But now someone has her ssn. What could they do with the info? Is there anything she could do about it? Should she contact the credit reporting agencies?
REUBEN
My ssn was phished but could the culprit obtain my spouse’s ssn by looking at my credit report?
Rachel M asked:
I know that they show spouses name on credit reports and joint accounts, but can someone who phished my ssn/dob/address obtain my spouse’s personal info somehow by simply using my info? Help!
Create a video blog
I know that they show spouses name on credit reports and joint accounts, but can someone who phished my ssn/dob/address obtain my spouse’s personal info somehow by simply using my info? Help!
Create a video blog
Does not paying your property taxes show up on your credit report? And when does this become a lien?
Please Help asked:
I need some help with a ? and I can not find a confident answer to anywhere. I’m referring to when you don’t pay ur property taxes in California… Does this show up on your credit report? I’m not referring to any other type of tax lien, meaning all income taxes are current, and all mortgage payments are current. By this point, someone must have not paid their property taxes within the last year or two, and since checked their credit reports. Are property taxes even connected to your SSN?
I need some help with a ? and I can not find a confident answer to anywhere. I’m referring to when you don’t pay ur property taxes in California… Does this show up on your credit report? I’m not referring to any other type of tax lien, meaning all income taxes are current, and all mortgage payments are current. By this point, someone must have not paid their property taxes within the last year or two, and since checked their credit reports. Are property taxes even connected to your SSN?
I found this in another post here, but I’m not sure if it is true…
“This answer is based on a referenced book below. So it isn’t my opinion that I just randomly typed up.
First, property tax liens are not part of the three credit agencies reporting. Personal tax liens are, but not property tax liens. Second, the mortgage company will pay for it during the foreclosure procedure. Source: Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days
Anyone know for sure?
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