Repaid.org Addresses the Fragmented Credit Report, an Increasingly Common Issue for US Consumers

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Repaid.org, one of Technorati's Top 100 Finance Blogs, addresses the issue of fragmented credit reports - a problem for many consumers with multiple marriages or name changes.

Duplicate Credit Report Accounts

Duplicate Credit Report Accounts

Since it's not required by law, many consumers don't realize that they need to notify each credit bureau each time they change their name.

Repaid.org, one of Technorati's Top 100 Finance Blogs, has just published a new feature-length article that addresses a growing problem among American consumers, especially those with multiple marriages or divorces: the fragmented credit report. Also known as a duplicate credit report account, the issue often comes about when a consumer has changed their name multiple times, often because of multiple marriages or divorces. During this process, the credit bureaus often create different credit files for each name. These should be connected by the consumer's social security number, but mistakes happen, resulting in a fragmented credit report.

Interested parties can read the article here: "I Have a What? A Fragmented Credit Report?"

Written by contributing author and frugal-living expert J. Coffey, the article identifies the many ways in which this scenario can damage a consumer's credit. If no one file has all of the consumer's information, then creditors and lenders will be gaining only a partial - and often negative - view of the applicant's creditworthiness.

Coffey provides various methods of rectifying the problem, depending on the root cause. This may include notifying the credit bureaus of past name changes and asking them to compile multiple reports into a single file.

"Since it's not required by law, many consumers don't realize that they have to notify each credit bureau each time they change their name," said managing editor Taylor Brown. "We hope this article helps educate consumers so they can avoid problems down the road."

About Repaid.org: Founded in 2012, Repaid.org has quickly become a leading personal finance blog and community, covering such topics as credit, debt, frugal-living, and smart money management.

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