08-15-2012 07:02 AM
Some information. Looks like a credit bureau.
08-15-2012 07:04 AM
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.
08-15-2012 09:03 AM
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 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
08-15-2012 09:46 AM
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.
08-15-2012 01:13 PM
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
12-16-2013 09:26 PM
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
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