Craze wrote:When I was 18 my mother used my personal information to open a Verizon wireless account, not identity theft, although I did not consent or know of it, she opened it to help build credit for me...
Well she stopped making payments for whatever reason and "I" owe them ~$2,500. This was 5 years ago, but now I am starting to apply for credit cards and loans, and it has come to haunt me, especially considering the only credit history I have is my current wireless account, which has always been payed on time and in full.
My credit score now is 597, I am 23, employed full time and a full time student. I have been declined for the American Express Delta Gold card.
My questions are..
1. Is there any way to transfer that Verizon account to my mother? The balance and all?
2. How much damage do you estimate it has done to my credit score?
3. My main reason for getting a credit or charge card is to build my credit, are there any that I have a chance of qualifying for with a credit score of 597?
First, using someone else' social security number without consent regardless of relationship is considered theft and fraud.
Regarding to your concerns...
1. If you mean removing that incident from your credit history, then you have to talk with the credit bureaus. If you mean the old Verizon account that is attached to your SSN, then you also need to talk to Verizon; depending on company policies Verizon might or might not transfer it.
2. It has done great damage. I assume that old Verizon account went into collections. It will stay in your credit history for less than ten years.
3. With your credit of 597, taking into account you are still a [full time] student with a full time job, either get a student credit card or a secured credit card. But I highly recommend getting a secured credit card since that type of card is usually used to repair a credit history.
Out of topic question... How do you go around being a full time student and have a full time job? Just curious... and to learn from your habits of studying full time and working full time. Either way... Good job on that study/work full time!