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It's not stolen identity, but it can wreck a credit score

Feb 04, 2013 Walt Wojciechowski

It's not stolen identity, but it can wreck a credit score

A young man in California with no credit history finds he's reported to have a nearly-perfect credit score. A woman in Ohio is denied jobs and home loans when her information is attributed to another, without any evidence of identity theft. Both have been involved in cases of commingled credit, a phenomenon that affects people who share full names with others whom they may never have met.

Anselmo Moreno, as written in The Bakersfield Californian, was lucky, as credit reporting agencies confused the young man with his father, who had a high credit score. Despite the frightening possibilities which could have arisen had the subject been less responsible with the excellent rating- 800, thanks in part to the three car loans his father had paid off previously - such instances are not uncommon, according to a major financial service provider.

Instances where an individual comes up as having children while being researched by consumer credit data companies should be flagged for further review to prevent potential mix ups. Sharing a name with a parent is a trend prevalent throughout the world and pertaining to men and women alike, but, as the example reported by ABC news in Ohio shows, it doesn't just come up in families, so credit scoring firms should be pay keen attention to detail in identifying subjects.