A Secret Credit Bureau…
You must be thinking what is so secret about a credit bureau. Well, I really don’t know but this is what I have heard people saying - “Innovis is a secret credit bureau…”. And, believe me, it feels strange to hear that.
As per my knowledge goes, Innovis Data Solutions is the fourth credit bureau that we have. It is currently into helping creditors compile a mailing list so that the latter can contact their customers and send credit card and related offers.
How is it different?
Unlike all other bureaus - the Equifax, Experian and the TransUnion, hardly does the Innovis sell consumer information to other creditors. It gathers consumer data from credit grantors across the nation and simply gives creditors an idea as to who has bad credit and who doesn’t. This makes the creditors aware and they can then only send their offers to those with good or moderate credit. They will restrain from sending offers to those with unfavorable credit scores.
So, what these creditors have is a clean pre-approved mailing list and that helps them, reduce their mailing costs and prevents them from dealing with risky borrowers.
Interested to know more? Just refer to the discussion on Innovis at mortgagefit forums.
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