Don’t let someone else’s credit problems slow you down – Cross-referencing of others on your credit report – credit information that erroneously shows on your report because another person shares identical or similar name – can cause great financial hardships and has become an epidemic. I get one to two cases of cross referencing, and if the person you’re being cross referenced with has negative credit history, this will completely shut down your ability to get A+ credit.
In most cases, cross referencing will only report to one reporting agency, and rarely two of the reporting agencies, but if an account shows up on your report that it is not yours and is reporting all three reporting agencies, this is usually identification theft and not cross referencing.
Recently I had the most severe case of cross referencing I have ever seen – 29 accounts showed up on a client’s credit report, which is just devastating to a credit score. At this time in our history, consumers have enough problems without adopting someone else’s
This obvious question is, how do you fix this if it happens? If you are being cross referencing because of confusion about “Junior” or “Senior” versions of the same name, get a letter notarized from the person you’re being crossed referenced with, starting the account or accounts listed below are yours and do not belong to Junior or Senior. Include a letter of your own that verifies your social security number and date of birth and requests that the other accounts be removed from your report, as they do not belong to you. (Note: Just make sure you attach it to your letter).
If you are cross referenced with someone with similar or identical names, you can come to one of our free credit classes and get a free manual that goes into detail for dealing with this. Remember, we have our free on the second Saturday of every month. Call our office at 505.899.1448 to sign up.
Until next time, good credit to you.