topic Re: LexisNexis in General Credit Topics

LexisNexis

Anonymous — Sat, 16 Jan 2021 05:44:16 GMT

Is it a good idea to remove my information from LexisNexis? Suppression Request is good or bad?

I want to keep my privacy and make sure my information is not easily accessed by many companies. But I also understand in these days there is really no such thing as privacy. My main concern is many banks and lenders use LexisNexis system for verification. If those future lenders and banks do not have any information about me from LexisNexis, then they will not be able verify me, therefore, they will not approve my future application. Is this idea correct? Does not quit LexisNexis will affect my future application, verification, or approval chance?

Re: LexisNexis

Anonymous — Sat, 16 Jan 2021 11:17:33 GMT

@Anonymous wrote:

Is it a good idea to remove my information from LexisNexis? Suppression Request is good or bad?

I want to keep my privacy and make sure my information is not easily accessed by many companies. But I also understand in these days there is really no such thing as privacy. My main concern is many banks and lenders use LexisNexis system for verification. If those future lenders and banks do not have any information about me from LexisNexis, then they will not be able verify me, therefore, they will not approve my future application. Is this idea correct? Does not quit LexisNexis will affect my future application, verification, or approval chance?

Unless something has changed, the consumer can request corrections to their Lexis Nexis reports but you do not have the ability to eliminate their information gathering. Certainly put a "Freeze" on it to make it difficult for those with out an approved reason to access it.

My report runs fifty-two pages with most of it nonsense repeating addresses with one letter or number different. It was too much bother so I ignore them but did put the reporter on ice. Also, do review the monster every so often. In writings around the Forum others have reported similar findings on addresses and the like.

Re: LexisNexis

coldfusion — Sat, 16 Jan 2021 18:58:33 GMT

I have a divergent view than @Anonymous regarding blanket freezing of one's LexisNexis report, but there is no singular correct answer here.

Keep in mind that LexisNexis is a data aggregator and not a data source - there isn't much data they have that didn't originate from elsewhere and if they have bogus data there's a strong possibility that other aggregators also have it. My own personal experience is that they aren't difficult to work with if there is incorrect information to be disputed.

I'm also of the mindset that problems should be fixed and not swept under the rug and my own personal preference is to have data of known veracity (i.e. known accurate) available via proper access management from a trusted source (e.g. LexisNexis) than from sources I neither know nor have had the opportunity to confirm accuracy.

it's really a personal choice. You could chart a more neutral path and clean up your file and then freeze it. Might save you some time and aggrevation later if for some reason you really need to thaw it and don't have the time to clean it up before it's needed.

(52 pages, lol. Mine was almost an order of magnitude larger than that when I made my 1st pass at cleaning it up)

Re: LexisNexis

cashorcharge — Sun, 17 Jan 2021 00:58:29 GMT

I would agree that addressing and cleaning is important. I recently just went through this and found that they have a second report that is not well-known that is typically used for those "verification questions" with third parties. The report is called Accurint. While there consumer report is aggregated information as mentioned above. The Accurint report is based on public information that is non-verified. It was this data that kept popping up for verification questions that I was failing because it had bad data derived from public resources that I was unfamiliar with.

I thought that by cleaning my consumer report, that would resolve my problem...however as the two reports are treated separately you need to request both and clean both.

Re: LexisNexis

Anonymous — Sun, 17 Jan 2021 07:17:45 GMT

@Anonymous

Good advice, thank you.

Re: LexisNexis

Anonymous — Sun, 17 Jan 2021 07:18:27 GMT

@coldfusion

Good information, thank you.

Re: LexisNexis

Anonymous — Sun, 17 Jan 2021 07:19:57 GMT

@cashorcharge

Accurint report. I learned something new. Thank you.

Re: LexisNexis

Anonymous — Sun, 17 Jan 2021 08:22:51 GMT

@coldfusion wrote:
I have a divergent view than @Anonymous regarding blanket freezing of one's LexisNexis report, but there is no singular correct answer here.

Keep in mind that LexisNexis is a data aggregator and not a data source - there isn't much data they have that didn't originate from elsewhere and if they have bogus data there's a strong possibility that other aggregators also have it. My own personal experience is that they aren't difficult to work with if there is incorrect information to be disputed.

I'm also of the mindset that problems should be fixed and not swept under the rug and my own personal preference is to have data of known veracity (i.e. known accurate) available via proper access management from a trusted source (e.g. LexisNexis) than from sources I neither know nor have had the opportunity to confirm accuracy.

it's really a personal choice. You could chart a more neutral path and clean up your file and then freeze it. Might save you some time and aggrevation later if for some reason you really need to thaw it and don't have the time to clean it up before it's needed.

(52 pages, lol. Mine was almost an order of magnitude larger than that when I made my 1st pass at cleaning it up)

In truth, I was frustrated with the size of the Lexis Nexis Report and the amount of work to correct addresses that were off one number and so on (it seemed so stupid at the time). Did some cleanup but ended up leaving it.

Do agree with others that taking the time to make it right is ultimately worth the effort! All my other reports needed cleanup (too many to list) and they did get cleaned up. Lexis Nexis was just one too many at the time. You received good advice in this thread.

Re: LexisNexis

Anonymous — Sun, 17 Jan 2021 08:51:37 GMT

@cashorcharge wrote:
I would agree that addressing and cleaning is important. I recently just went through this and found that they have a second report that is not well-known that is typically used for those "verification questions" with third parties. The report is called Accurint. While there consumer report is aggregated information as mentioned above. The Accurint report is based on public information that is non-verified. It was this data that kept popping up for verification questions that I was failing because it had bad data derived from public resources that I was unfamiliar with.

I thought that by cleaning my consumer report, that would resolve my problem...however as the two reports are treated separately you need to request both and clean both.

Good information. Ran into similar problems and had all my other reports (more than eight that I could find cleaned up) correct yet strange information was asked on verification that I never heard of. My inquiring mind wonders if freezing our many reports would cause a lack of accurate information to be available for verifications for a reporter such as Accurint? Looked it up and see it is another part of Lexis Nexis!

Accurint may draw from the same data base at Lexis Nexis you were wondering about and supports the further idea of cleaning up the Lexis Nexis Reports! Great thread and glad you asked?

Back to freezing ... as has been discussed, there are differing views on it. For myself it is about the peace of mind knowing that I tried to place some form of control on all the reporting that goes on. You would be surprised at what the Early Warning Systems reporter collects (not a credit bureau) for some banks. Also, there is the Medical Information Bureau, a NCTUE for telephone information and I will stop. A lot is the answer!

Re: LexisNexis

Anonymous — Sun, 17 Jan 2021 08:55:29 GMT

@cashorcharge wrote:
I would agree that addressing and cleaning is important. I recently just went through this and found that they have a second report that is not well-known that is typically used for those "verification questions" with third parties. The report is called Accurint. While there consumer report is aggregated information as mentioned above. The Accurint report is based on public information that is non-verified. It was this data that kept popping up for verification questions that I was failing because it had bad data derived from public resources that I was unfamiliar with.

I thought that by cleaning my consumer report, that would resolve my problem...however as the two reports are treated separately you need to request both and clean both.

Going to cry! Another reporter/collector. When is enough too many???

Re: LexisNexis

cashorcharge — Sun, 17 Jan 2021 16:22:48 GMT

The Accurint report is part of LexisNexis offerings to companies, the difference is...if a FI uses it to verify you versus your Consumer Report, as it consists of public unverified data, it could potentially have bad info. When you go to LN to request your consumer report, ask for this second report.

In my case, it had people with similar names as relatives and claimed I owned homes and had lived at addresses in other states and those questions caused me to fail verifications and led me to learn of this other offering to businesses from LN.

Re: LexisNexis

Anonymous — Wed, 03 Feb 2021 00:48:38 GMT

I’m familiar with a full fact disclosure and the 2 clue reports for insurance. You’re telling me there is a 4th type of report from Lexis??

Re: LexisNexis

cashorcharge — Wed, 03 Feb 2021 03:18:34 GMT

@Anonymous wrote:
I’m familiar with a full fact disclosure and the 2 clue reports for insurance. You’re telling me there is a 4th type of report from Lexis??

Yes! This name..."Accurint" was specifically stated when I worked with them. After cleaning "what I believed was my only report" it turned out that this OTHER report...based on unverified data exists...and some companies, FI's or I guess whomever.....has the option of using this offering from LN to verify you. After KNOWING my Consumer Report was clean...and continued to see erroneous information on verification questions from an FI I was working with.....and then digging to find out that the company "verifying me" was using LN...I called them to state...my report is cleaned, you just did this....how is there still bad info on there??...and THEN, that's when they said this OTHER report is used as a service to verify and it too could contain info. Sure enough, upon review...it had all the bad addresses, relatives and other info that wasn't mine yet was somehow tied to me, causing me to fail verifications.

Not sure how or why it exists. I would venture to "guess" that if I was applying for CREDIT, it would pull my actual consumer report... but if someone is using their service to just verify you...and they use this other report....you'll need to make sure it too is clean and error free.

https://www.lexisnexis.com/en-us/privacy/for-consumers/request-personal-information.page