The days are past where using credit reporting software helps you. Manually adding fake accounts is no longer an option. Type in Google or Yahoo search "artificially inflating your credit score," and you will see a multitude of news sites with tangible evidence on websites which can help you. These sites ARE LEGIT. AddAtradeline dot com is one of them featured in national news. Credit Engineering is another one, which I currently use. For a few thousand dollars, I was able to obtain a 15 year installment loan for 250,000 paid off on time for 15 years, and it's paid off. I was also able to obtain a 10 year credit card account with a 25,000 limit and utilization under 5% over the life of the account...currently closed as of 6 months ago.
Doing this has kept my scores well into the high 700's. In addition to having fake accounts added a few years ago, this further solidified my reports.
Read my text, there is NOTHING ILLEGAL about this practice. The feds even admitted there is nothing illegal about this. It is considered unethical by some (probably by lenders who can't bleed us dry, and the credit bureaus who frown on us putting one over on them).
If that's unethical, then the credit bureaus knowingly and willingly selling false information about us is also unethical. A tooth for a tooth. It's not the credit bureau's responsibility to screen info going in. It's our responsibility to catch errors and request an investigation.
So technically the credit bureau's aren't knowingly selling false information about us if we don't bring it to their attention right? (argument brought up in a court case). Then how can they sell false positive information about us if it's not brought to their attention? Technically, you can have stuff added and there's no wrong in that, because they UNKNOWINGLY sell false negative info everyday.
How is it considered normal and ok when they sell false negative account info? Yet, if they sell false positive information and they catch wind of that, they pop some bolts and get the feds involved. It's ok for them to mess up, even if it costs someone money. Yet, if they mess up and it saves someone money in the process (false positive info saved someone interest fees) they go haywire.
Sounds like a double edged sword that only cuts one way, their way. I guess the prospect of the credit bureaus prized clients loosing money is sensitive (the credit bureaus are in cahoots with banks and lenders to maximize profits, only save face to the consumer to appear friendly and unconcerned about money).
Single handedly I have helped almost 50 people (I have a list of family and friends and how much they've paid me for my help) inflate their credit scores. Whether adding fake accounts in the beginning, or turning them to the add fake tradeline sites, several have seen jumps in credit approvals. Many have single digit interest rates for loans, auto loans, and one person who consistently qualifies for 1 year no payments and no interest offers (only available to applicants with substantial credit).
No more "doing it the right way" and waiting days and weeks before receiving correspondence. Some people need results quick without the beaurocratic BS.
Plus the banks and lenders have BILLIONS in assets. How is one person paying half the interest going to affect them? That's like chump change to these lenders. Yet to us, that's food on the table. I think the lenders who routinely have billions in operating revenue can over look a small group of consumers who only want to save money to make their lives easier. Our only concern is saving money for bills, food, housing. We could care less about the lenders who pocket huge tax writeoffs, tax cuts, gross profit, and other kickbacks. They all drive fancy cars and have no problem living easy.
I'm sorry if our small cut in interest payments deprives the top brass at these institutions a penny or less each in bonus payouts. Either way you swing it, a few thousand dollars saved for us is vital. A few thousand dollars less for them and they are still bank rolling 7...8...9...or even 10 figures a year!! A few measly thousand dollars is like lint in their pockets...but gold to us.
I hope many other consumers do this. If we get enough, then the major lenders will have less of a stranglehold on our market. We can all band together, just do the research first. These are viable sources for the websites...artifically inflating your credit score is the search to use in google.
U.S.A. Click here to read other Rip Off Reports on Experian Click here to read other Rip Off Reports on Eqifax