So many people today worry and worry about Identity Theft. No one, it seems is safe. As a public service, I would humbly share my own experience in how to safely avoid Identity Theft. This is a foolproof method and I highly recommend it to anyone who wants to ensure that no one steals their credit and ruins their good name. A surprising by-product of all this is a fantastic savings in good hard cash that no longer will go to pay those high interest fees that a good credit rating costs everyone year by year.
How did I secure my identity from theft by felons and credit thieves?
I personally spent all my time over the past few years never paying bills on time, but only at the very last minute. I especially did not pay any credit debts I had, but kept the merchandise and settled for a small payment with the credit company who loaned me the money for buying the items in the first place. These things ensured that the credit reporting agencies gave me a great negative credit rating, thus ensuring that no one would ever consider me for stealing my credit identity!
In fact my credit rating is so good that now no one will loan me money. I cannot even buy a house or a car on credit. Therefore, I never worry about Identity theft like many of my friends do. A great side effect of all of this is that I no longer need to spend all my extra cash paying those high monthly revolving credit fees.
I do have a “credit card” though, but it is really just a Visa bank card and cannot be used unless there are funds in my checking account to cover any purchases. This gives my wife and me some semblance of normalcy in our credit dependent society, so that when we go out to eat with our friends they think we are just as in debt as they are.
You cannot imagine the peace of mind my credit gives me as no one will ever steal my credit identity for any reason. On top of all this, my present credit situation has saved me hundreds of thousands of dollars in credit interest over the past few years that I would have been paying had I still had good credit. It has allowed me to buy everything with cash, saving up for those things I really need. A small side effect of this is that impulse purchases, like that new sports car I really want, but which I do not need is effectively impossible with my current credit standing. What a blessing!
A house? No problem. I am buying an acre of land where I want to be. It requires no credit or credit check. All that is required is a 10-20% down payment and small monthly payments on a note carried by the owner of the property. If I miss a payment, he keeps my money and I am out.
I will have the land paid off early and I am already saving up for a
concrete pad and utility hookups. Once that is bought and paid for,
I will begin saving up for the house frame and hire the right people to
put it all together, along with the plumbing, electrical and the required
permits and inspections. Once that is complete, I will save up for the
material to finish the house and the roof and then move my family in.
The way I figure it, we will own our own home free and clear in about
five years or so, with no interest payments at all. In the meantime, our
property is a great place for our family to camp out at on weekends.
Sure it is a gamble, but what isn’t in life. At least I will be a real home
owner, and not someone who only thinks he owns his own home,
when in reality it is the bank who owns both him and his house, and
will continue to do so for many decades. (Seems like slavery to me.)
I did not start out to do all this with my credit, but having gotten cancer
and being unable to work for a few years has helped me tremendously
to achieve my current unique and outstanding credit status.
I expect it will take a few more years to pay off all those medical bills,
but when they are covered, we are not going back to using credit like
everyone else. I have learned that being without credit has fantastic
savings potential, and our standard of living is essentially already
debt free, and free of credit interest payments. It is like getting a
large raise when twenty per cent of your income no longer goes to
pay those monthly credit interest payments on everything you own.