Innovis is an American consumer credit reporting agency that operates in the United States. It is generally regarded as one of the principal nationwide consumer reporting agencies, alongside Equifax, Experian and TransUnion, and is sometimes referred to as the "fourth" credit bureau in the United States market.
| Type | Consumer credit reporting agency |
|---|---|
| Industry | Credit reporting and information services |
| Country of operation | United States |
| Sector role | Compilation and sale of consumer credit data to lenders and businesses |
Innovis collects, maintains and supplies consumer credit information to clients such as banks, finance companies, retailers and other lenders. Its services typically include credit file data, identity verification, fraud detection tools and pre-screening solutions used in marketing decisions. Like other nationwide consumer reporting agencies in the United States, Innovis is subject to the federal Fair Credit Reporting Act (FCRA), which governs the collection, use and disclosure of consumer credit information.
Under United States federal law, consumers are entitled to obtain a copy of the personal credit file held about them by Innovis and to dispute information they believe to be inaccurate. Innovis also processes requests from consumers who wish to opt out of pre-approved credit and insurance offers, and it accepts requests from consumers seeking to place fraud alerts or security freezes on their credit files.
Although Innovis has a smaller public profile than the three largest United States credit bureaus, its credit data is used by lenders for risk assessment, account review, fraud screening and identity verification. Its presence in the credit reporting ecosystem provides an additional source of consumer information that supplements data held by the better-known agencies.