When you see information on your credit report that does not belong to you, it can be terrifying as you may assume you’re the victim of identity theft. However, after further investigation, you may discover that this is not identity fraud, but rather a reporting error on behalf of the credit bureaus. Unfortunately, despite the fact that credit reports are critical for consumers, the discovery of a mixed credit file is not uncommon. If this reflects your circumstances, it’s important to understand how this happens and why working with a mixed credit files lawyer is critical to fighting for the justice you deserve if you’ve experienced damages as a result. The following blog explores what you should know about these important matters.
What Is a Mixed Credit File?
A mixed credit file occurs when the reporting agencies include the information of another person on your report. Often, this happens between individuals who share the same names or similar Social Security numbers. For example, if you are named after your father, you’ll find that his information can end up on your report due to the similarity in your names, even if your social security numbers are very different. In addition, if a credit furnished or data entry employee at one of the reporting agencies accidentally enters the wrong Social Security number of another individual, those details can end up on your account.
As the information of another person is listed on your account, you’ll find that it can negatively impact your credit score. For example, if your father is not on top of his payments, your credit score can plummet if his accounts are listed on your report.
Can the Reporting Agency Be Held Liable?
Under the Fair Credit Reporting Act (FCRA), consumers are entitled to accurate and error-free credit reports. As such, you have the right to dispute the inclusion of incorrect information on your credit report, and the reporting agency must conduct an investigation into the claim. If they discover the mixed file, they must remedy the situation immediately.
However, if you’ve suffered due to the inclusion of another person’s information on your credit report, you can fight for the compensation you deserve. Not only can you seek economic damages, such as compensation for denied loans or high interest rates, but you’ll find you can also fight for non-economic damages, like humiliation, mental anguish, and stress as a result of the agency’s errors.
When you discover you are the victim of a mixed credit file, it’s vital to connect with an experienced credit reporting error attorney to discuss your legal options. At Lyngklip & Associates, our team believes you should not suffer the consequences of the bureau’s mistakes, which is why we are committed to fighting for you. When you need help, contact our firm to learn how we can assist you.
