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Credit reports contain errors on a regular basis. So, before applying for new credit or beginning your credit repair journey make sure that all of the information contained in your credit report is yours.

Reasons for such mixes include:

1. Common name. For example,

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

a father and son who live at the same address, or who don’t add “Sr.” or “Jr.” when completing credit applications.

2. Loan officers make clerical mistakes. For example, spelling names wrong, transposing social security numbers when pulling the credit report, or eve

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

entering incorrect addresses.

3. When reporting data to the Credit Reporting Agency (CRA) personal information is entered incorrectly. For example, an address at which you never lived.

4. If married, the social security number of the incorrect spouse is entered.

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

This is not good because each credit report should be individual. What can happen is a merged credit report resulting in incorrect scores.

5. Co-signing for children or other people. Sometimes the lender will match the social security number with the wrong person.

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

. Individuals with the same name mixed at the CRA's side. For example, John L Smith and John M Smith all is the same except the middle initial. This is a very common mistake.

It is not easy finding these mistakes, but if you know you see information that does not bel

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ng to you, then call the CRA specifically to ask, “Is my file mixed?”

Mortgage lenders pull three bureau credit reports through different systems. Sometimes the system has the capability to pull in mixed reports or split files, which will show the conflicting informat

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ion. This is something consumer reports don't always show.

1. Experian: Experian is the best for this because the mix can show two ways.

It will show additional names and addresses and possibly incorrect accounts that are not obvious. If the consumer

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ets the chance to review the credit report and knows something is not right, then the consumer will have to write directly to Experian and provide a copy of a driver’s license (with DL number marked out) and request to un-mix the file.

Sometimes it is obvious

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

howing additional social security number of the other individual mixed on the file. Fix the same way by writing to the CRA with request to un-mix the file.

2. Equifax: On the mortgage side when the files are split, the files are received as Equifax 1

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

and Equifax 2. What is different is that on the credit report are two credit scores, one for each file. But it is all merged on the mortgage reports. These are very complicated.

It may very well be all of the consumer’s information that just got split because

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

two names were used. For example, a married name verses maiden name. If that is the case, Equifax advises to add both scores and divide by two for the end score to be used. But also follow up informing Equifax that the file needs to be re-merged.

Other spli

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

s may be by common name, for example father and son, where there are two people making up the files. These need to be unmixed.

Consumers using and pulling their personal credit report on a daily basis from monitoring services can cause problems, compiling soft

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

hits to the credit report. If the file gets too large, Equifax cannot handle it and will result in a split file. Some accounts will show on one credit report while other accounts show on another credit report.

3. TransUnion: Like Equifax, TransUni

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

n doesn't show additional social security numbers, only additional names, addresses, and possible accounts that don't belong. The consumer must contact TransUnion with a copy of their driver’s license in order to update the file.

So, depending on the vender and softwar

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

used, besides the type of creditor, different things can result when trying to pull credit reports. Sometimes it just looks like you have no credit history, and other times it mixes other people’s credit reports right in with yours. If creditors don't know to look for

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

the warning signs, they will flat out decline credit because they think it was all your credit that was bad.

The CRA’s don't go first and foremost by the social security number. Listed below is how the repositories assign importance to this information (from most imp

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

rtant to least important). Notice the SSN is not the most important (Information provided by California Association of Mortgage Brokers, Orange County Chapter, “Shedding Light on Credit Scoring” by the NAMB Credit Scoring Committee Chair, March 12, 2002):

Equifa

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

1. Last name
2. First initial
3. Address
4. SSN

TransUnion
1. Zip Code
2. Address
3. Last name
4. First name
5. SSN
6. AKA/Alias name

Experian
1. Last n

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ame
2. First name
3. SSN
4. Address

With this in mind, understand that it is quite easy for the creditors to mix consumer files. Even if you catch this and fix it completely, it can happen again.

You must take precautions to just use one deviatio

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

of spelling your name, especially if you have a father and son with similar names living at the same address.

Finally, be sure to obtain a copy of your credit report at least once a year or 60 days prior to applying for credit so you can catch and fix mistakes in time

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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