In case you’ve just lately opened your mail and located a discover from LexisNexis, you could be asking: What is that this, and why did I get it? Don’t fret — you are not the one one. Many are shocked by the quantity of data LexisNexis collects and the way it can affect their insurance coverage charges and monetary life.
What’s LexisNexis?
LexisNexis capabilities as a nationwide client reporting company, akin to credit score bureaus like Experian, TransUnion, and Equifax. Nevertheless, as a substitute of solely specializing in credit score info, LexisNexis compiles a broader array of non-public and public information, corresponding to:
- Insurance coverage claims historical past (CLUE experiences)
- Driving data and violations
- Property possession and mortgage particulars
- Court docket filings, liens, and public data
- Identification and speak to info
Insurance coverage firms, lenders, and a few employers use LexisNexis to guage your danger profile. Subsequently, the accuracy of this report can considerably have an effect on your insurance coverage premiums, protection eligibility, and mortgage approvals.
Why Did I Obtain a Discover from LexisNexis?
Usually, you’ll obtain a discover from LexisNexis when an insurance coverage firm, financial institution, or different enterprise has accessed your LexisNexis info to decide about you.
As an example, when making use of for auto or householders insurance coverage, the corporate might have reviewed your LexisNexis report back to verify your claims historical past. Legally, if this info influenced your pricing or eligibility, you have to be notified.
Receiving such a discover would not essentially imply there’s a difficulty; it merely signifies that LexisNexis information was used throughout the decision-making course of.
Why Accuracy Issues
Insurers depend on LexisNexis experiences to find out your charges, so even minor inaccuracies can value you cash. An incorrect declare, a misreported accident, or outdated private info might lead to larger premiums. That is why it is essential to know what’s in your file and proper any inaccuracies.
Find out how to Verify Your LexisNexis Report
Beneath the Truthful Credit score Reporting Act (FCRA), you might have the proper to request a free copy of your LexisNexis Shopper Disclosure Report as soon as each 12 months. Right here’s how:
- Request on-line: Go to LexisNexis Shopper Heart
- Name by telephone: Communicate with a consultant at LexisNexis Threat Options Shopper Heart at 1-888-497-0011
- Evaluate rigorously: Look at your claims historical past, driving report, and private info for accuracy.
- Dispute errors: In case you spot any errors, file a dispute with LexisNexis for investigation and correction.
Subsequent Step
Earlier than acquiring quotes from a number of insurance coverage firms, make sure the accuracy of your LexisNexis file. Contact LexisNexis right now to evaluate your report. You probably have questions, attain out to us. We’ll information you thru the method and assist make sure that your insurance coverage premium displays your true danger profile, not a reporting error.
👉 Request your report right here
⭐ Remaining Takeaway
Checking your LexisNexis file might prevent frustration, time, and cash. Guarantee your report is right earlier than searching for insurance coverage to safe the fairest charge attainable.