What exactly is Lexis Nexus?

[Marcos8]

Honestly I haven't a clue. I hear people referring to them all the time but have no idea who/ what they are. Even after going to their site and reading I still don't have a clear picture of what their function is and how it relates to me and my personal credit. Are they a bureau? Do creditors report to them? Do they provide a free yearly report I am entitled to?

also I see on one of my credit reports that on my recent Experian report I pulled, that under the soft inquiry section it lists Lexis Nexis on behalf of a few different car insurance companies when I recently shopped for new car insurance. 

What at do I need to know about Lexis Nexis? Thanks 

[Anonymous]

They maintain an extensive database containing many, many details about people. They are most commonly used by creditors for identity verification purposes. The reason you see inquiries on behalf of insurance companies is that they are probably the biggest users of the database, and the services provided by Lexis Nexus.

[Thomas_Thumb]

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@Marcos8 wrote:

Honestly I haven't a clue. I hear people referring to them all the time but have no idea who/ what they are. Even after going to their site and reading I still don't have a clear picture of what their function is and how it relates to me and my personal credit. Are they a bureau? Do creditors report to them? Do they provide a free yearly report I am entitled to?

also I see on one of my credit reports that on my recent Experian report I pulled, that under the soft inquiry section it lists Lexis Nexis on behalf of a few different car insurance companies when I recently shopped for new car insurance. 

What at do I need to know about Lexis Nexis? Thanks 

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LexisNexis (LN) generates credit based insurance scores (CBIS) using data from your Equifax credit report and other data they collect from various sources. They also offer insurers a type of personal profile report referred to as a  C.L.U.E report.

Auto and Property insurance agencies purchase scores from LN which are used, along with other criteria, to set insurance premiums. The scores they provide are:

LexisNexis® AttractTM Auto Insurance Score

LexisNexis® AttractTM Property Insurance Score

Follow the below link for more discussion on the topic. 

http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Having-Store-Cards-Necessary/m-p/4283106#...

Food for thought links and a link to LexisNexis.

https://www.esurance.com/info/car/myth-your-credit-score-doesnt-affect-your-insurance-rate

http://www.insurancescored.com/

https://personalreports.lexisnexis.com/lexisnexis_attract_auto_score/sample.jsp

[Marcos8]

Is my data on Lexis Nexus something I can access? Is it like a standard credit report in a sense that I can see what is being reported about me? ...dispute or correct inaccuracies? ...and get potentially damaging things removd if warranted? 

Do debt collectors and collections agencies use Lexis Nexis to try and find info about us and attempt to enforce debt repayment?

[Anonymous]

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@Marcos8 wrote:

Is my data on Lexis Nexus something I can access? Is it like a standard credit report in a sense that I can see what is being reported about me? ...dispute or correct inaccuracies? ...and get potentially damaging things removd if warranted? 

Do debt collectors and collections agencies use Lexis Nexis to try and find info about us and attempt to enforce debt repayment?

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Yes you are entitled to view your report from any consumer reporting agency, including LexisNexis (some give them once per year for free, while others may charge a fee). Go here to find out how to get a copy of your LexisNexis report  http://www.lexisnexis.com/privacy/for-consumers/request-personal-information.aspx 

Edit: Don't click on the link above (it returns an error page for me), instead copy and paste that link into your browser

[Anonymous]

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@Marcos8 wrote:

Is my data on Lexis Nexus something I can access? Is it like a standard credit report in a sense that I can see what is being reported about me? ...dispute or correct inaccuracies? ...and get potentially damaging things removd if warranted? 

Do debt collectors and collections agencies use Lexis Nexis to try and find info about us and attempt to enforce debt repayment?

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Yes.

[Anonymous]

I found another link to request our "full file disclosure." I'm not sure what the difference is from the link I posted above, but here's that link too  https://personalreports.lexisnexis.com/ 

[Anonymous]

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@Anonymous wrote:

I found another link to request our "full file disclosure." I'm not sure what the difference is from the link I posted above, but here's that link too  https://personalreports.lexisnexis.com/ 

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Thanks! I just printed out the form, and it'll be on the way to them tomorrow.

[Anonymous]

It cost me $13 bucks. They pull EX or EQ I think. However, they show my recent tax lien as released, which is not possible since I had only paid it 4 days prior to running my LN report. Anyone who has had to pay or a state tax lien knows that 4 days to report a released status is impossible. Especially in Alabama where they inform you that they will not report the release to the CB and actually tell you to disputed as they will also not respond to disputes... So, you know what that means... 

[takeshi74]

It's one of many consumer reporting companies.

http://files.consumerfinance.gov/f/201604_cfpb_list-of-consumer-reporting-companies.pdf

It has been a while since I pulled from Lexis Nexis and others but I recall placing 2 separate requests and I think I went ahead and froze them along with the others.  The inof I got was from prior threads here and on other credit sites so don't overlook existing discussions as a resource.