Free FACT Consumer Reports: Banking, Insurance, and Employment History

Annual reminder for 2014. The best known part of the Fair and Accurate Credit Transactions Act (FACT Act) is that you can get a free copy of your credit reports from all three major credit bureaus once every 12 months. However, there are also several other consumer databases that you should check as well which are also available absolutely free once every 12 months, and they can also have a significant financial impact. If you got one last year, you can now get another one and reset the 12 month clock.

ChexSystems Banking History
ChexSystems is a consumer information database used by an estimated 80-90% of all banks to help determine the risk of opening new accounts. Think of it as the bank’s version of a credit bureau. If a person commits check fraud or overdraws their account, it will be listed here. In addition, the simple act of opening or closing a bank account may be recorded in their database. Getting a negative ChexSystems record can leave you blacklisted from opening bank accounts at most major banks.

Get your free ChexSystems consumer report here.

Medical History Used For Insurance Underwriting
MIB (previously known as Medical Information Bureau) is run by 470 insurance companies and has a “primary mission of detecting and deterring fraud that may occur in the course of obtaining life, health, disability income, critical illness, and long-term care insurance.” They record information of “underwriting significance” for those who have applied for life and health insurance with MIB member companies. If you have not applied for individually underwritten life, health, or disability income insurance during the preceding seven year period, then you probably don’t have a record.

Get your free MIB consumer file here.

Insurance Claims History
CLUE stands for Comprehensive Loss Underwriting Exchange, and they collect information that is used to calculate your potential risk of loss and thus your insurance premiums. You can also find out about previous claims on the house you are currently renting or recently bought, even if they weren’t made by you.

The C.L.U.E. ®Personal Property report provides a seven year history of losses associated with an individual and his/her personal property. The following data will be identified for each loss: date of loss, loss type, and amount paid along with general information such as policy number, claim number and insurance company name.

The C.L.U.E. ®Auto report provides a seven year history of automobile insurance losses associated with an individual. The following data will be identified for each loss: date of loss, loss type, and amount paid along with general information such as policy number, claim number and insurance company name.

Get your free CLUE Auto and Personal Property Reports here.

In addition, you should also request your free A-PLUS report (Automated Property Loss Underwriting System), which is a smaller database that also contains information about property loss claims.

LexisNexis Personal Reports Full Disclosure File
As one of the largest personal information databases in the US and a for-profit company (part of Reed Elsevier), LexisNexis should just rename themselves Big Brother, Inc. You can request a “Full File Disclosure” that supposedly includes all of the information that they have on you – including public records, real estate transaction and ownership data, lien, judgment, and bankruptcy records, professional license information, and historical addresses on file.

Request your LexisNexis Full File Disclosure here. You’ll need to fill out a PDF form and snail mail it in.

This is part of my annual checklist at the beginning of each new year.

Comments

  1. Awesome list Jon. I’ve bookmarked a few of these pages before but they’re scattered and I always forget. I just requested pretty much everything on the list. I hope you post it up again next year. I need the reminders!

  2. Christopher says:

    Great list sir.

  3. @Eric – As requested ;)

  4. This is great. I haven’t heard about most of them

  5. Vijaianand says:

    Yeah, good list of reports to check out periodically. May be you should have added annualcreditreports.com as well so many are reminded to check it out.

    Thanks. I order few reports already.

    Vijai

  6. I went through the entire online process for the CLUE reports – signing in, entering SS# etc, answering verification questoins – and it got to the part where I hit the button and expect to get my report on the next screen. However, the next screen was the same screen I started on, linked from this blog. No confirmation, no statement about mailing it to me, no indication that they can’t provide a report, just the opening screen.

    Was this supposed to happen? Did this happen for anybody else? Should I be expecting it in the mail after a while, or did something technical go wrong?

    • @Dan, Same thing happened to me. I was confused for a moment, and then I just selected the radio button for Both Reports, hit submit again, and this time, since I had an account AND had filled out all the personal info, I came to a screen saying I successfully requested the reports and a timestamp:

      Product: C.L.U.E.® Auto Claims Report
      Confirmation Number: XXXXXXXXXXXXXXXXXXX
      Order Date: 01/07/2014 01:13:00 PM

      Product: C.L.U.E. Property Claims Report
      Confirmation Number: XXXXXXXXXXXXXXXXXXX
      Order Date: 01/07/2014 01:13:00 PM

      Then I was able to immediately view the created reports once I left that page and came back again. Kind of a sloppy process, but I assume it’s intentional…

  7. Thanks for this, I am going to order these reports.

  8. Wow Jon…you remembered! Ha. Thanks a lot! ;)

  9. It looks like you can order a “Full File Disclosure” from LexisNexis by mail, and this will include the above-mentioned CLUE and Screening Solutions reports PLUS several other reports they keep on file at LexisNexis (pre-employment background check, a public records search, and a criminal records search). I just filled out the paper form to get this stuff in the mail. We’ll see how it goes.

    https://personalreports.lexisnexis.com/access_your_personal_information.jsp

  10. @Dan – I don’t have an answer for you I’m afraid… I did order these in 2011 and they came as promised. I haven’t tried it yet for 2012.

    @Jesse – Good find, thanks!

  11. Dan, that happen to me too. I assumed it worked.

  12. @Dan/Mike – After you enter your information, you have to request the reports again. Once you complete all the required registration information, and request the reports again, they will be displayed for immediate viewing.

  13. Pedro, Thank you! That worked.

  14. I remembered to do it again this year too. 3 years in a row…I’m on a hot streak! ;)

  15. Awesome list. I read a similar list in Clark Howard’s book as well, but don’t remember much anymore.

    Just a question, I am sure you would need SSN for majority of this. If my assumption is true, how would you get the details for someone who does not have SSN (but ITIN)?

  16. Am I reading correctly that one needs proof of identity and address for LexisNexis? What works for this?

  17. I have the Discover IT card and they have started sending my FICO score free every month as a value added service. Their rationale thet say is they want to be my card of choice.

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