I constantly hear about people panicing because an evil fourth credit bureau is about to cast a pall of darkness over the land and innocent consumers everywhere will soon be taking to the caves to escape the wrath of this new satanic CRA empire. So what's the real story???
I talked to them last week and from what I understand is all mastercard and visa applications are cleared through them.They said that they do not have information on American express, discover or diners club. So if you don't have mastercard or visa I don't think they would have any information.
Originally posted by myfirst If a mortgage company pulls Fanny Mae they must used all 4 credit bureaus. Here is a few companies that are reporting and pulling Innovis reports. GMAC FMC B&A BANK ONE WELLS FARGO DILLARDS J.C. PENNY SEARS FIRESTONE GOODYEAR MACYS TEXAS STATE BANK ALLSTATE FARMERS LEXUS MERCEDES BMW
It sounds like you're making fun of consumers and their consitutional rights. Give some examples of where you "heard" that and from whom. A Google search of "fourth credit bureau" doesn't turn up much, so "constantly" is hard to believe. It must just be the crowd of nitwits you run with. http://www.creditaccuracy.com/correspondence.htm#innovis20010920
From talking to Lakeside, what I understand it was a place mastercard and visa had to check to make sure credit applications were not fruadulent. If the application had different information than what was on all applications they are alerted that it may be fraudulent.
