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Posted: Fri May 19, 2006 6:34 am Subject: Why is Innovis exempt

While do a little research for some on the forum this morning, I stumbled across the website of Innovis the forth , less well known CRA. You can order your Credit report from them,but they apparently feel they are exempt from the FACT act and charge a $10 for it. Anyone have any idea why they would be any different from any other Consumer reporting agency?

Something tells me this is going to one people will need to watch out for, as they apparently think they are above the law.

Guest · Posted: Thu May 25, 2006 7:13 am Subject:

I don't know, but I found this after a quick google search. Found it interesting.

Link deleted as per forum rules - Mike

Posted: Thu May 25, 2006 7:48 am Subject:

I know of people who have just written a letter and requested a copy under FACTA...I think they just get away with it because they are not one of the big 3.

~Mary

Posted: Tue May 30, 2006 12:06 pm Subject:

Well, we'll see what happens I sent my request off today,and said if I cannot have one free then I want an explanation as to why they feel they are exempt( which of course will be turned over to the FTC).

Posted: Tue May 30, 2006 1:47 pm Subject:

Tear it up, Clay!! Let us know how it goes

~Mary

Posted: Tue May 30, 2006 10:55 pm Subject:

I was checking their website. It is stated there that the first report is free for the residents of Colorado, Connecticut, Maine, Maryland, Massachusetts, New Jersey and Vermont. And residents of Georgia are eligible to receive first and second report for free. They have not mentioned anything about annual free report.

Now let me quote one paragraph from FCRA:

Posted: Wed May 31, 2006 7:04 am Subject:

Wow.....that is really interesting. I don't have a clue what they mean by that.

~Mary

Posted: Sun Jun 04, 2006 12:33 pm Subject:

SOunds to me like they havent updated their webste in over a year. I hope they are a little more on the ball when it comes to their reports.

Posted: Sun Jun 04, 2006 3:53 pm Subject:

Well, I think Innovis does fall under the FACT act, as Sallie Mae reports to them if you are late paying (along with the other three) and I occasionally hear references to the FOUR national credit reporting bureaus, with vague references to Innovis. If your call the Opt Out line, they say you are Opting out from the FOUR national Agencies, and Innovis is included in that list.

I believe a "specialty" consumer reporting agency would be something like TeleCheck, or SCAN network, both which have instructions on their website to request your report under the FACT act.

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Why is Innovis exempt

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