Other Credit Reporting Agencies

Innovis innovis is the major compiler of credit data used by credit card companies for pre screening unsolicited credit card offers.

Other credit reporting agencies. To place a fraud alert on your equifax credit report click here. Here are two others worth mentioning. Equifax transunion and experian are the big three credit reporting agencies cras and where most lenders get their information. Other businesses like telephone and utility companies may also report information to the credit reporting agencies.

These smaller credit reporting agencies are also subject to the fair credit reporting act which means you have the right to an accurate credit report and you re allowed to dispute any inaccurate information with the credit reporting agency to have it corrected or removed. But just three of these so called credit bureaus dominate the market. There are nearly 40 credit reporting agencies in the u s. The big three credit bureaus collect information about how we manage our financial obligations.

You can contact any of the three nationwide credit bureaus to request a fraud alert. The bureaus then sell this info to lenders and credit scoring companies which use it to help determine eligibility for loans and lines of. The three major credit bureaus are the ones you are most likely to deal with but there are some other smaller credit bureaus that may track consumer and business credit information. Roughly 90 o f consumers with credit files aren t taking advantage of the free benefit to request their credit reports.

Innovis is not often in the public read more. In addition to the three big credit reporting agencies experian equifax and transunion the fcra also classifies dozens of other information gathering companies as nationwide specialty consumer reporting agencies which help produce individual consumer reports. Credit bureaus often have business relationships with the same banks credit card issuers and even other businesses that you might have accounts with but they re separate entities. These other agencies can specialize in medical records or payments residential history check writing history employment.

Worthy of note as mentioned experian equifax and transunion dominate the credit reporting industry but they are not the only credit bureaus. Innovus chexsystems and certegy are just three of the other 40 alternative credit reporting agencies. But the other 40 smaller specialized cras out there collecting information about consumers. Your account history will appear on one or all of your credit reports from these agencies because of their connections but credit agencies don t share your account information with each other.

2 there isn t just one credit risk score so it s important to focus on the reporting information itself from which ri sk scores are derived. Transunion equifax and experian.