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Keep in mind that nothing in the world of consumer credit happens at a "lightning rate," but I have personally seen the following strategies implemented -- and have seen ficos pop up 40+ points i

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

n under 2 weeks. So, let's get to it:

1. Get a tri-merge of your credit report. This is one report that consists of your credit information from the 3 major credit repositories: Equifax, Experia

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

Examples of combination products may in

, and TransUnion. If you must, spend the extra couple of dollars to see your actual scores -- if you don't know what your beginning scores are, how can you tell if they've improved?

2. Get a "qu

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

ck sense" of your credit. If it's bad, why? This is not as hard as it seems, and you don't need to be an expert to figure it out. Some examples are collections, judgements, tax liens, bankruptcie

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

, slow/late payments, mortgage lates, repossessions...that's the sort of thing. Figure out what's taking the biggest toll on your scores. We'll come back to this in a moment.

3. Count up your ac

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

Combination pro

ive accounts...you need at least 3. The credit agencies like a blend of accounts: revolving credit, installment, and long-term installments like a mortgage. But for now, you need at least 3 activ

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

accounts. If you don't have any open accounts, do not start applying for credit cards! New lines of credit like this will actually drop-kick your scores. Instead, here's the lightning fas

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

t solution: Piggyback off of someone's good credit card. Here's how you do it: identify someone in your life -- family and/or friend -- who you trust, and most importantly, who trusts you. Tell t

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

em that you're working on improving your credit scores. Ask them if they have a credit card that meets the following criteria: at least 2 years of unblemished, never-been-late payment history; a

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

alance that is no more than 40% of the credit limit (ie, $400 balance on a $1000 limit card). If they have a card -- or ideally, a couple of them -- that fits this bill, then you're in luck! Now,

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

here's where the trust comes in: You're going to have them add you to this credit card. They will call their card company and ask that you be added as an authorized user of the account. Again, th

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

Following aspects would a

trust factor is paramount! You will not be receiving a copy of the card in the mail; you will not be using the card...it's not your card. You are merely being added to the account,

dd to the challenges in developing combination products:

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

and in turn, this nice, credit friendly account is being added to your credit history. It will appear as a Joint Account...and the credit history -- as long as it is -- will appear on your credit

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

report, just as if the account had been yours all along!

4. Pay down your debt! When I speak to people about their credit scores, they always want me to magically fix their scores without any ef

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

fort on their part. Well, you ran up the debts, it's your responsibility to pay them down. Here's the formula: your first goal is to pay down the balance to 50% of the limit (so a $1000 limit car

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

needs to be paid down to $500). Do this for all of your accounts before you take aim on a single account and decide to pay it off entirely. At a 50% balance, you should no longer be penalized fo

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

Professional from academic institutions, pharmaceutical industries, health care indust

out of control balances. Second step: knock those balances down to 30% of the limit. If you do this, your scores will really soar! It's a fact that the credit agencies reward you with positive p

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

ints when you balances are at 30% or less.

5. Finally, DO NOT CLOSE YOUR CREDIT CARD ACCOUNTS ONCE YOU'VE PAID THEM. This is a huge mistake that I see committed again and again. If you ca

.

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

get your balance down to zero, throw yourself a party (pay with cash, not credit), but don't close the accounts. Closing accounts hurts your credit because it's bridge you're burning: you'll nev

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

Companies that provide selfless information through particip

r receive any more good credit points from a closed account.

As someone who helps people through credit repair situations daily, take it from me...these things work. There is hope! Don't give up

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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