Innovis Credit Report

 

 

Innovis Data Solutions is the new consumer credit reporting agency (CRA) in the US. It became a key CRA in early 2001 and is now the fourth largest national credit bureau in the country. Unlike the other three key CRAs, Innovis does not sell credit histories of consumers to lenders, insurers and potential employers.[br]

 

Innovis Credit Report: What it Contains?

The Innovis credit report of a consumer consists primarily of negative information, such as:

• Late payments

• Judgments

• Bankruptcies

• Collection accounts

• Repossessions

 

This report is sold to banks and other financial institutions.

 

Innovis Credit Report: What is the Purpose and Effect

The Innovis credit report is used by companies to screen:

• People with bad credits

• Consumers who have a bad credit history

 

If, on the basis of the Innovis credit report, you are filtered by companies as an individual with bad credit, you:

• Would lose your place in the list of top-tier consumers. Top-tier consumers are those who receive low-interest credit offers.

• Start receiving a host of unwanted credit offers from banks or credit card companies. These offers could either be associated with high interest rates (above 20%) or be solicitations for secured credit cards.

 

It is, thus, critical to verify the information the company has about you.

 

Innovis Credit Report: How to Get it?

Unlike the other credit bureaus, from which you can obtain your credit file either via the Internet or over the telephone, Innovis credit reports can be obtained only by sending a request in writing to the company at the following address:

Innovis Consumer Assistance

P.O. Box 1358

Columbus, OH 43216-1358[br]

 

The letter must contain the following information:

• Your name

• Current address

• Social Security Number (SSN)

• Your date of birth

• A copy of your driver’s license or a utility bill (this is to verify your address)

• Your telephone number

• Your current employer

• Your signature

 

Innovis also requires you to specify your previous address for the last couple of years if you have shifted residence during that period. Moreover, you need to attach a check or money order of the amount indicated for your state and payable to Innovis Consumer Assistance.

• California: $8.00

• Connecticut: $5.00

• Maine: $2.00

• Minnesota: $3.00

• Montana: $8.50

• All other States: $9.00

 

Consumers in the following states are entitled to a minimum of one free credit report:

• Colorado

• Georgia

• Maryland

• Massachusetts

• New Jersey

• Vermont