Innovis
Encyclopedia
Innovis is the 4th credit bureau
(also known as a "Consumer credit reporting agency") in the United States
, the other three being Equifax
, Experian
and TransUnion
. Currently, a much smaller number of companies use Innovis for credit reporting, one being Trade Capital Company. Most sources of information about consumer credit repair do not make mention of Innovis (or the 5th agency, PRBC
) at this time (2008).
Innovis is a subsidiary of CBC Companies, but companies that report debt activity, such as Verizon
, refer to the company by the name "Innovis", or simply state that they report to "all four credit agencies".
As of 2008, CBC Companies claims it has provided consumer credit information through its credit bureau organization for over 55 years.
Credit bureau
A credit bureau , or credit reference agency is a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. It is an organization providing information on individuals' borrowing and bill paying habits...
(also known as a "Consumer credit reporting agency") in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, the other three being Equifax
Equifax
Equifax Inc. is a consumer credit reporting agency in the United States, considered one of the three largest American credit agencies along with Experian and TransUnion. Founded in 1899, Equifax is the oldest of the three agencies and gathers and maintains information on over 400 million credit...
, Experian
Experian
Experian plc, formerly known as CCN Systems, is a global credit information group with operations in 36 countries. The company employs 15,500 people with corporate headquarters in Dublin, Ireland and operational headquarters in Nottingham, England and Costa Mesa, California, US...
and TransUnion
TransUnion
TransUnion is the third largest credit bureau in the United States, which offers credit-related information to potential creditors. Like major competitors Equifax and Experian, TransUnion markets credit reports directly to consumers.- History :...
. Currently, a much smaller number of companies use Innovis for credit reporting, one being Trade Capital Company. Most sources of information about consumer credit repair do not make mention of Innovis (or the 5th agency, PRBC
Prbc
PRBC is a consumer credit reporting agency, more commonly referred to as a credit bureau in the United States. It is similar to the other four U.S. credit bureaus in that it is an FCRA compliant national data repository. However, PRBC differs in a few distinct ways...
) at this time (2008).
Innovis is a subsidiary of CBC Companies, but companies that report debt activity, such as Verizon
Verizon Communications
Verizon Communications Inc. is a global broadband and telecommunications company and a component of the Dow Jones Industrial Average...
, refer to the company by the name "Innovis", or simply state that they report to "all four credit agencies".
Company history
Innovis began as ACB Services - founded by Associated Credit Bureaus (ACB), in 1970. In 1989 ACB Services was purchased and renamed Consumers Credit Associates (CCA). First Data Corporation purchased CCA and renamed it Innovis, Inc. in 1997. Most recently, CBC Companies purchased Innovis, Inc. in 1999.As of 2008, CBC Companies claims it has provided consumer credit information through its credit bureau organization for over 55 years.
Products
- Mortgage Credit Reporting
- Flood Zone Determination
- Appraisal Services
- Title & Settlement Services
- Loan Origination Software
- Default Management
- Fraud Tools
See also
- Credit bureauCredit bureauA credit bureau , or credit reference agency is a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. It is an organization providing information on individuals' borrowing and bill paying habits...
- EquifaxEquifaxEquifax Inc. is a consumer credit reporting agency in the United States, considered one of the three largest American credit agencies along with Experian and TransUnion. Founded in 1899, Equifax is the oldest of the three agencies and gathers and maintains information on over 400 million credit...
- ExperianExperianExperian plc, formerly known as CCN Systems, is a global credit information group with operations in 36 countries. The company employs 15,500 people with corporate headquarters in Dublin, Ireland and operational headquarters in Nottingham, England and Costa Mesa, California, US...
- TransUnionTransUnionTransUnion is the third largest credit bureau in the United States, which offers credit-related information to potential creditors. Like major competitors Equifax and Experian, TransUnion markets credit reports directly to consumers.- History :...
- PRBCPrbcPRBC is a consumer credit reporting agency, more commonly referred to as a credit bureau in the United States. It is similar to the other four U.S. credit bureaus in that it is an FCRA compliant national data repository. However, PRBC differs in a few distinct ways...
- Credit scoreCredit scoreA credit score is a numerical expression based on a statistical analysis of a person's credit files, to represent the creditworthiness of that person...
- Credit report
- Identity theftIdentity theftIdentity theft is a form of stealing another person's identity in which someone pretends to be someone else by assuming that person's identity, typically in order to access resources or obtain credit and other benefits in that person's name...
- Fair Credit Reporting ActFair Credit Reporting ActThe Fair Credit Reporting Act is a United States federal law that regulates the collection, dissemination, and use of consumer information, including consumer credit information. Along with the Fair Debt Collection Practices Act , it forms the base of consumer credit rights in the United States...