topic Re: Innovis??? in Rebuilding Your Credit

Innovis???

Anonymous — Mon, 25 Jan 2016 13:51:33 GMT

Has anyever ever seen their Innovis report let alone disputed anything on it? I just happened upon their website and saw a link to dispute information on your report. I was told consumer gnerally don't have access to this report. How true is that?

Re: Innovis???

elim — Mon, 25 Jan 2016 13:58:43 GMT

@Anonymous wrote:
Has anyever ever seen their Innovis report let alone disputed anything on it? I just happened upon their website and saw a link to dispute information on your report. I was told consumer gnerally don't have access to this report. How true is that?

not. you can request your report.

Re: Innovis???

odjohnson3 — Mon, 25 Jan 2016 17:09:16 GMT

I think thats BS. I requested mines

Re: Innovis???

Gunnar419 — Mon, 25 Jan 2016 17:43:45 GMT

You can get your Innovis report, but people have also said that disputing anything on it is an exercise in futility, that even if it's loaded with errors you'll have a devil of a time getting them fixed.

I don't know from personal experience, though.

Re: Innovis???

Anonymous — Mon, 25 Jan 2016 18:15:47 GMT

@Gunnar419 wrote:
You can get your Innovis report, but people have also said that disputing anything on it is an exercise in futility, that even if it's loaded with errors you'll have a devil of a time getting them fixed.

I don't know from personal experience, though.

Who generally pulls an Innovis report? Anyone know?

Re: Innovis???

Anonymous — Mon, 25 Jan 2016 18:21:30 GMT

@Anonymous wrote:
@Gunnar419 wrote:
You can get your Innovis report, but people have also said that disputing anything on it is an exercise in futility, that even if it's loaded with errors you'll have a devil of a time getting them fixed.

I don't know from personal experience, though.
Who generally pulls an Innovis report? Anyone know?

I have read some Bank/Mortgage Companies do.

Re: Innovis???

gdale6 — Mon, 25 Jan 2016 19:04:47 GMT

@Anonymous wrote:
@Gunnar419 wrote:
You can get your Innovis report, but people have also said that disputing anything on it is an exercise in futility, that even if it's loaded with errors you'll have a devil of a time getting them fixed.

I don't know from personal experience, though.
Who generally pulls an Innovis report? Anyone know?

Cap-1 is known to pull Innovis but I dont think there has been a report invented that they dont pull.

Re: Innovis???

gdale6 — Mon, 25 Jan 2016 19:06:07 GMT

@Anonymous wrote:
Has anyever ever seen their Innovis report let alone disputed anything on it? I just happened upon their website and saw a link to dispute information on your report. I was told consumer gnerally don't have access to this report. How true is that?

I request my Innovis report annually directly from them, I have disputed things on it that were in error before and they were taken care of just like the big 3.

Re: Innovis???

RobertEG — Mon, 25 Jan 2016 19:13:31 GMT

John Ulzheimer's explanation.....

Who is Innovis? Are They A Fourth Credit Bureau?

Posted on SmartCredit, June 20, 2011May 22, 2015Author John Ulzheimer Credit

I have often referred to the three national credit reporting agencies (CRAs): Equifax, Experian and TransUnion. Are you aware that there is a fourth? It is “Innovis” aka CBCInnovis?

Innovis is headquartered in Columbus, Ohio and owned by CBC Companies. It sells businesses services to “improve customer relationships” such as authentication, preventing ID fraud, and better understanding and managing current customers.

Innovis receives credit information from credit grantors but not from all sources reporting to the big three credit reporting agencies. It does not sell credit reports for credit granting purposes and does not offer a credit score; as much is stated on their website. They also sell pre-approved lists of consumers for offers of credit and insurance.

What is in my Innovis Credit Report?

A co-worker of mine recently requested her Innovis credit report. The report included personal information and account information. The personal information includes: name, also known as (AKA) names such as maiden name, current and former addresses, and current and former phone numbers. The account information included: source of information (company) and contact information (address and phone), account number, account type, date opened, date of last payment, past due amount, credit limit, high credit, balance, terms, scheduled payment, actual payment and account details. The account details section contained information such as: account closed and date, lost or stolen, last date updated, and rating such as “never past due”. This section must be an all inclusive one.

Mortgages were included in the report, even several closed ones from ten years ago. In fact, most of the credit data on MY Innovis report was mortgage related data.

What wasn’t in it?

The report was incomplete and did not contain all of the accounts on her big three credit reports, such as her American Express and retail co-branded Visa and MasterCard accounts. No businesses had reviewed her credit report for anything such as credit extensions, new applications, monitoring present accounts or screening for pre-approved credit offers, insurance, or employment (inquiries). This confirms that businesses are not buying consumer credit information from Innovis. The personal information did not include a section for employment or employer. There was no historical payment history information such as dates past due, how many times past due or highest amount past due. Originally Innovis was going to be the negative bureau and only report negative credit information such as past due accounts. Since she didn’t have any collections or public records, I can’t verify if this information is present or not on other Innovis reports.

Request credit file

Consumers can request a copy of their credit report from Innovis by phone or mail. They aren’t included with the FCRA free credit reports but may be covered by some state laws for a free report. The phone number is 1-800-540-2505. The address to request by mail is:

Innovis

Attn: Consumer Assistance

P.O. Box 1689

Pittsburgh, PA 15230-1689

You are entitled to dispute the information on the Innovis credit report and freeze your credit report by calling 1-800-540-2505. You can opt out from credit offers from Innovis at 1-888-567-8688.

Since Innovis does not sell credit reports, you don’t need to be concerned about businesses making credit decisions about you based on their data. However, you still need to be concerned about the data they house about you and its accuracy. Businesses could be using this information to manage their current relationship with you, such as what’s in your wallet, how you use credit, how you pay bills, how much of your credit you use and for the purposes of pre-approved offers of credit and insurance. They use this for cross-sell and up sell purposes. If you can get this report for free, why not order it?

John Ulzheimer is the President of Consumer Education at SmartCredit.com, the credit blogger for Mint.com, and a Contributor for the National Foundation for Credit Counseling. He is an expert on credit reporting, credit scoring and identity theft. Formerly of FICO, Equifax and Credit.com, John is the only recognized credit expert who actually comes from the credit industry.

Re: Innovis???

mattmyFIC0 — Mon, 25 Jan 2016 22:15:11 GMT

My local bank uses them to access my CRs through the majors (EX, EQ, TU). Each of those CRAs shows an inquiry from my bank on the same date last year. Something like cbcInnovis or cbcBankName. Not sure how it works exactly but it's on there....

Re: Innovis???

XxRaVeNxX1 — Wed, 13 Apr 2016 10:13:19 GMT

Never heard of this...just ordered mine...

Re: Innovis???

Anonymous — Fri, 30 Sep 2016 20:32:24 GMT

I happened to be on my Capital One website and saw this bureau up under their advertised credit bureaus. I decided to call and see what information they had on me. Turns out they had a slew of outdated and false information. We went through the report over the phone and they immediately corrected it. They then told me they would send me out an updated report in the mail. With that report I would be sent a log in password and username to be able to go online and also review my report with them. I had never heard of them before this time and they told me they been around since 1999.

Re: Innovis???

Anonymous — Mon, 03 Oct 2016 03:11:55 GMT

My reports were pulled by CBC/Innovis when we modified our mortgage.

Re: Innovis???

RobertEG — Mon, 03 Oct 2016 06:52:19 GMT

When the FCRA was amended to requrie the CRAs to provide each consumer a free annual report, the Big-3 (TU, EQ, EX) entered into separate negotiations with the FTC to enable them to provide the required annual reports via the internet. Only those three CRAs were involved, and ultimately received FTC approval for internet access via the site established at annualcreditreport.com.

Other CRAs, such as Innovis, did not partcipate in that agreement and approval, and have no government sanctioned process for internet copies.

You must contact those CRAs and obtain reports directly from them. They are requried to have published addresses for that purpose.