Why is Innovis exempt
Date: Fri, 05/19/2006 - 06:34
Something tells me this is going to one people will need to watch out for, as they apparently think they are above the law.
I don't know, but I found this after a quick google search. Fou
I don't know, but I found this after a quick google search. Found it interesting.
Link deleted as per forum rules - Mike
Well, we'll see what happens I sent my request off today,and sai
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).
I was checking their website. It is stated there that the first
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:
Quote:
In addition, by September 2005 all consumers will be entitled to one free disclosure every 12 months upon request from each nationwide credit bureau and from nationwide specialty consumer reporting agencies. |
IMO, Innovis aka Innovis Data Solution does not fall in either of the categories nationwide credit bureau and nationwide specialty consumer reporting agency. I have no idea what is meant by the term specialty consumer reporting agency. Does it mean an agency solely dedicated for credit reporting?
Wow.....that is really interesting. I don't have a clue what th
Wow.....that is really interesting. I don't have a clue what they mean by that.
~Mary
SOunds to me like they havent updated their webste in over a yea
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.
Well, I think Innovis does fall under the FACT act, as Sallie Ma
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.