LexisNexis
Data Mining & Consumer Reporting
LexisNexis Definition:
LexisNexis is a consumer reporting agency and data analytics company that compiles extensive background and public records data on individuals and is classified under "Supplementary Reports" by the CFPB. LexisNexis is sometimes referred to as a data miner and functions as a furnisher, selling information to the major credit bureaus.
Unlike major credit bureaus like Experian, LexisNexis specializes in collecting and providing information for insurance companies, landlords, banks, and even law enforcement. Reports may include addresses, property ownership, liens, judgments, driving records, insurance claims (through CLUE), and other public data. This information is typically used for various purposes beyond credit, such as identity verification and background checks.
Because LexisNexis files can influence credit- and insurance-related decisions, inaccurate or outdated entries can harm your financial opportunities. Consumers have the legal right under the Fair Credit Reporting Act (FCRA) to request, review, and dispute information in their LexisNexis report.
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Frequently Asked Questions:
Is LexisNexis the same as a credit bureau?
No. It is a consumer reporting agency, but it does not generate a FICO or VantageScore. Instead, it gathers public record, insurance, and background data that may still influence financial and credit-related decisions.
What is LexisNexis Risk Solutions?
LexisNexis Risk Solutions is the division of LexisNexis that provides data analytics and consumer reports to insurers, banks, employers, and other organizations. It operates under the FCRA and manages consumer disclosures and disputes.
What is the LexisNexis phone number?
You can reach LexisNexis Consumer Center at 1-888-497-0011 (Monday through Friday, 8 a.m. to 10 p.m. Eastern). This line handles consumer disclosure requests, freezes, and disputes.
Can I dispute a LexisNexis consumer report?
Yes. You have the right under the FCRA to dispute any inaccurate or unverifiable information. Disputes can be submitted online at LexisNexis Consumer Portal, by mail, or by phone. Always keep records of your dispute and supporting documentation.
How long does LexisNexis keep records?
Retention depends on the record type. Bankruptcies may remain up to 10 years, while judgments and liens are usually seven years. Insurance claims through CLUE are often retained for seven years.
Can LexisNexis data reinsert negative items onto my credit reports?
Yes. If a major bureau cross-verifies with LexisNexis, deleted items (like liens or judgments) can reappear. Some consumers freeze LexisNexis as a supplemental tactic to reduce this risk.
Should I freeze my LexisNexis report?
Freezing is optional. It prevents lenders, insurers, and others from accessing your file without your consent. Some consumers use freezes as a supplemental tactic in credit repair, but it is not officially required or endorsed by regulators.
LexisNexis Vs ChexSystems
LexisNexis and ChexSystems are both consumer reporting agencies, but they focus on different types of data. LexisNexis handles a broad spectrum of information and is used in legal research, by insurance companies, landlords, employers, financial institutions, and more. ChexSystem, on the other hand, is more specifically oriented towards banks and credit unions, allowing them to screen information like account openings, closures, and unpaid fees.
