Report: #245537

Complaint Review: Experian -TransUnion - Equifax

  • Submitted: Tue, April 24, 2007
  • Updated: Mon, June 18, 2007
  • Reported By: Wheaton Illinois
  • Experian -TransUnion - Equifax
    , Internet, Nationwide

Experian TransUnion Equifax Add fake accounts to your credit reports, jump credit scores 200 points in 60 days Nationwide Nationwide

*Author of original report: Lenders loosing small amounts of money, self-absorbed liberals crying over spilled milk.

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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.

Wheaton, Illinois

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#1 Author of original report

Lenders loosing small amounts of money, self-absorbed liberals crying over spilled milk.

AUTHOR: Jason - (U.S.A.)

There are some self absorbed liberals out there who have accosted me for doing stuff like this. These are the same groups of people who follow all laws to a T. They won't gamble in their own house, even if they are 20 feet underground in a basement that is sound proof and has air-lock sealing doors. Gotta make precautions so local authorities don't bust in on a simple misdemeanor, eh?

Some laws are meant to be broken. Most of us break the law everyday. Whether it's traffic laws, or local ordinances. Some laws are outright BS. Some laws enable us to live day to day (keeping maniacs from gunning down people they dislike).

The concern about this being unethical and unfair is relatively moot. If one entity is breaking the law, the next one will, and so forth. If the credit bureaus break the law, so will the consumer. The credit bureaus have said in court they unknowingly sold false information about certain consumers in court, thus, they can't be held accountable for mistakes. This being in response to suits filed by consumers seeking to have information removed or recover punitive damages.

The same entities who cry foul when sued, are crying foul when someone has fake positive information added on their reports. How does this sound reasonable. Hypocritical if you ask me. They vigorously defend themselves when the info is false and negative, but if it's false positive info, they report it to the feds as fraud and remove the positive info immediately.

They don't remove the false negative info without a HUGE fight. They say it's on the lender who reported it. But they remove false positive info without a fight. They do this because it hurts banks bottom line. Someone who is simply trying to get a break in the credit world is all of a sudden a fraudster and criminal. Sure sounds like saving money in interest constitutes a federal witch hunt to form.

It's not like we have murderers, child abusers, terrorists, counterfeiters, robbers, kidnappers, mass shooters, mis-management of government funds, corrupt politicians, illegal immigrants, disarray of political parties...ect ect ect stretching our federal government to the limit. Now they gotta worry about pansy *ss ideas like trying to save a little money and better your life? No wonder all the above goes on. All the government does is worry about the little things, and lets the big things happen.

Instead of worrying about a few people who only intend to save money in interest and secure loan approvals easier (NO INTENTION of taking a loan and running with the money; in other words, they don't intend to defraud anyone out of money and no theft has occured) they ought to worry about the more important issues at hand. Otherwise the government will fall into complete disarray (like it hasn't already). Remember, these are multibillion dollar corporations who only intend on making money. They could care less about John Q. Borrower who has trouble putting food on the table because of higher interest on loans. To us, thousands of dollars can make or break us. To the corporations, that's CHUMP CHANGE.

So I hardly see how lenders loosing interest payments due to inflated credit scores amounts to spilled milk. They still make money off the other 99% who already pay high interest or other fees. Would you cry if you lost pennies out of your pocket? Probably not. To the lenders, a few thousand dollars VS billions of dollars in revenue each year is equivelent to us. Pennies in our pockets VS several tens of thousands of dollars each year.

Why care about them anyway? They don't care, so why should we? The argument that our savings would be passed on to the average "honest" borrower is inaccurate. The amount would be way too small to notice, AND defaulted loans are far more likely to generate rate hikes for a specific lender. Even so, defaulted loans are write off's come tax filing. So generally speaking, there are no rate hikes.
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