topic Re: Innovis & ChexSystems in General Credit Topics

Innovis & ChexSystems

DigitalArk — Sat, 14 Sep 2013 21:33:58 GMT

Have any one ordered reports from them? Is it a good idea to get their reports? How valuable are their reports?

Re: Innovis & ChexSystems

09Lexie — Sat, 14 Sep 2013 22:25:43 GMT

I ordered reports from Chexsystems annually after my home was robbed. Innovis and LexisNexis just once

Re: Innovis & ChexSystems

DigitalArk — Sat, 14 Sep 2013 22:53:43 GMT

I am sorry to hear that your home was robbed!

How do I know that I am not getting myself in their database by giving them my info to order their reports? I am skeptical because they are less known.

Re: Innovis & ChexSystems

Brusilov — Sat, 14 Sep 2013 23:19:52 GMT

@DigitalArk wrote:
I am sorry to hear that your home was robbed!

How do I know that I am not getting myself in their database by giving them my info to order their reports? I am skeptical because they are less known.

I ordered both Innovis + ChexSystems reports last year. Both of them were more or less empty and didn't even have a current address from the past 5 years.

Re: Innovis & ChexSystems

09Lexie — Sat, 14 Sep 2013 23:25:00 GMT

Yep, a ew years ago. So, I have FA alerts on CR's and a freeze on my Chexsystems - still you can't be too safe.

Edit:typo

Re: Innovis & ChexSystems

RobertEG — Sun, 15 Sep 2013 02:29:29 GMT

For those interested in a little background info....

As we all know, the FCRA was amended to entitle consumers to one free credit report every 12 months from each individual CRA.

When that amendment was enacted, the Big-3 CRAs were concerned with the resources necessary to provide the millions of report that would be required.

They entered into negotiations with the FTC, which resulted in approval of annualcreditreport.com as the means for their compliance

Other CRAs are not included under that agreement, and thus consumers must contact them individually to obtain their free reports. All are required to have publlished contact addresses for that purpose.

As for concerns over contacting them, at least as far as Innovis is concerned, while they are a smaller, specialty CRA, but are still a significant player in the game.

For example, they are included, along with the Big-3, as a member of the Metro-2 task force that developed and maintains the uniform credit reporting manual governing reporting to those CRAs, which is titled the "Credit Reporting Resources Guide."

Re: Innovis & ChexSystems

flapjack — Tue, 17 Sep 2013 05:17:52 GMT

This is a little dated, but the cfpb has a list of many of the CRAs and their contact info at at http://files.consumerfinance.gov/f/201207_cfpb_list_consumer-reporting-agencies.pdf .

Re: Innovis & ChexSystems

HopeThruFaith — Thu, 19 Sep 2013 00:18:57 GMT

Where can I obtain an Innovis credit report?

Re: Innovis & ChexSystems

Shogun — Thu, 19 Sep 2013 00:36:53 GMT

https://www.innovis.com/InnovisWeb/pers_orderCreditReport.html

Re: Innovis & ChexSystems

HopeThruFaith — Thu, 19 Sep 2013 01:27:54 GMT

Thanks

Re: Innovis & ChexSystems

MB2714 — Thu, 19 Sep 2013 03:00:21 GMT

Chex Systems is very well known. Just about every bank and credit union in the country uses them before issuing a checking, savings, ATM/ Debit card or Courtesy pay on a deposit account. They are not talked about as much, but they can destroy you. Credit card companies use them to verify fraud/ drivers license data. Chex systems is online with every State DMV/ Secretary of State. They can verify if a address or DLN you give someone is correct or valid. They have actually their own Internal credit scoring system for approving new bank accounts if the institution chooses to use it.

Re: Innovis & ChexSystems

SunriseEarth — Tue, 10 Dec 2013 03:08:36 GMT

@DigitalArk wrote:
Have any one ordered reports from them? Is it a good idea to get their reports? How valuable are their reports?

I think if someone has info on you, why not see what they have?

I just got copies of my Innovis and ChexSystems today. My SLs, all GE TLs, all Comenity TLs, and Cap One were included on Innovis. So no Merrick and no Credit One.

ChexSystems was empty.

Re: Innovis & ChexSystems

Involver — Tue, 10 Dec 2013 22:03:19 GMT

Ordered my ChexSystems report last week. In going through a major credit overhaul / house cleaning it's best to be as thorough as possible.

Re: Innovis & ChexSystems

StartingOver10 — Tue, 10 Dec 2013 23:12:42 GMT

@SunriseEarth wrote:
@DigitalArk wrote:
Have any one ordered reports from them? Is it a good idea to get their reports? How valuable are their reports?
I think if someone has info on you, why not see what they have?

I just got copies of my Innovis and ChexSystems today. My SLs, all GE TLs, all Comenity TLs, and Cap One were included on Innovis. So no Merrick and no Credit One.

ChexSystems was empty.

^^^Great! You want the ChexSystems report to be empty. It only shows entries if you have NSF's or OD's. They stay on your record for 5 years IIRC. Naturally the items reported are generally 'uncollected'.