Reply
Senior Contributor
john398
Posts: 3,239
Registered: ‎01-19-2009

BofA and IDA inc

Anyone know about IDA Incorporated? on my denial letter it says there decession was based on iinformation from Experian and IDA Inc in San Diego, I never heard of IDA

Frequent Contributor
atarvuzdar
Posts: 375
Registered: ‎01-20-2012

Re: BofA and IDA inc

Some information. Looks like a credit bureau.

 

http://www.idanalytics.com/solutions/consumer/consumer-information/get-personal-information/

 

Good luck.

Current: EQ 673 September2013 / TU 696 September2013 (Walmart)
Start: EQ 584 Feb2012 / TU 629 July2012

Wallet: BofA Cash Rewards Visa Sig $5000 / Lowe's $6000 / JCP $3900 / eBay MC $3200 / Barclaycard Rewards $2000 / Walmart $3300 / CapOne NHRC $2000 / CapOne Platinum #1 $2000 / Amazon $1700 / Discover It $1000 / CapOne Platinum #2 (former Orchard) $750 / Amex Zync $500 Autopay
Super Contributor
CS800
Posts: 6,542
Registered: ‎04-07-2008

Re: BofA and IDA inc

From thier website:

 

'IDA, Inc. is ID Analytics' wholly-owned subsidiary that issues consumer reports regulated by the Fair Credit Reporting Act (FCRA). We provide information to many different types of companies including credit card issuers, retailers, and wireless telephone service providers.

 

The information we provide generates insights into creditworthiness and enhances traditional credit decisioning. It also helps protect individuals from becoming victims of identity theft, and helps companies protect themselves and their customers from identity fraud.

 

While IDA Inc. is a source of information for credit issuers, it does not make any adverse decisions and is not able to explain why a decision was made.'

 

So apparently, BoA uses them also , a bit like the Chex system.

 






Senior Contributor
john398
Posts: 3,239
Registered: ‎01-19-2009

Re: BofA and IDA inc

Thanks LOL another report to review

Regular Contributor
aloush11
Posts: 134
Registered: ‎02-18-2012

Re: BofA and IDA inc

I just checked out the site it says my score is 753 of 0 to 999... The higher the score the higher risk you are :smileyfrustrated: it also does not show you why you are at the high of a risk...

Senior Contributor
john398
Posts: 3,239
Registered: ‎01-19-2009

Re: BofA and IDA inc


aloush11 wrote:

I just checked out the site it says my score is 753 of 0 to 999... The higher the score the higher risk you are :smileyfrustrated: it also does not show you why you are at the high of a risk...


I wonder if they use that score for the product I applied for, maybe certain cards they run different checks on

Frequent Contributor
wreith
Posts: 441
Registered: ‎06-13-2012

Re: BofA and IDA inc

It looks like the score they give you, mine was 509, is your level of risk of being a victim to identity fraud.  I'm a moderate risk.  Then they try to sell you their monitoring service.

03/10/2014 Walmart TU 724
09/07/2013 MyFico EQ 684
03/10/2014 USAA FAKO EX 728, EQ 728, TU 728
Discover It $1700, USAA Cash Rewards AMEX $11K, USAA Rewards Platinum MC $11K, CareCredit $3K, Chase Freedom $1900, Walmart $4500, Lowes $9800, QVC $1200, HSN $2050, Macys Red Star Store $2900, Paypal smart connect $4022, VS Angelcard $1200, Amazon Store $2500, BCE $1K, Sam's Club Discover $8500, Home Depot $7200, FNBO AMEX $2800.
Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012

Re: BofA and IDA inc

Ida now providing enhanced credit score by looking at non credit factors that growing number of lenders using.  Not just used for identity solution.

               LIMITS IN CARD DESCRIPTIONS
Senior Contributor
john398
Posts: 3,239
Registered: ‎01-19-2009

Re: BofA and IDA inc


Crashem wrote:

Ida now providing enhanced credit score by looking at non credit factors that growing number of lenders using.  Not just used for identity solution.



intreasting that they can use non credit factors

Mega Contributor
Creditaddict
Posts: 16,879
Registered: ‎10-23-2007

Re: BofA and IDA inc

My partner just got a letter from BofA that they pulled them during his Fidelity approval!

ill figure out how to get the report and update tomorrow... Looks like you may have to fax request

Fico Scores: EQ 620, TU 675 & EX 703 (4-1-14)
Joint Cards: Navy NavCheck $15000, Discover iT $9000, Macy Amex $4000, Macy Store $3000, Macy Furniture $5800
AU: Virgin America $8500, CSP $27,000, Fidelity Amex $25,000, AA Biz $25,000, Barclay USAir Biz $6640
Mine: Navy NavCheck $3000, Kay Jewelry $2700, Pottery Barn $2800, FleetCard MC Biz $1800, HSN $1500, Vitacost MC $1500, Navy Cash $1500 and nRewards $1500, Bill Me Later $772, Cap1 Sony $750, Cap1 Spark $750, Best Buy MC $750, GE 76 Gas $650, Von Maur $600, Cap1 QuickSilver $500, Burbank CU $500, Kohls $300, Target1 $300, Target2 $300, Buckle $250, Express $250, Target3 $200

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+