What is LEXISNEXIS/INS/P&C?
LEXISNEXIS/INS/P&C stands for LexisNexis/Insurance/Property & Casualty, a code that might appear on your credit report as a hard inquiry. This typically happens when you apply for insurance coverage. LexisNexis is a consumer reporting agency that provides data and analytics solutions, helping businesses and government entities manage and mitigate risk.
Why LEXISNEXIS/INS/P&C Appears on Your Credit Report
If you see LEXISNEXIS/INS/P&C on your credit report, it’s likely due to an insurance application. Insurance companies often use LexisNexis to access your credit history, which helps them assess the risk associated with insuring you. The result of this inquiry is recorded on your credit report as a hard inquiry.
The Role of LEXISNEXIS in Credit Reporting
LexisNexis caters to a wide range of clients, including banks, financial institutions, insurance carriers, healthcare providers, government agencies, law enforcement agencies, and non-profit organizations. By offering data solutions, they help these clients make informed decisions and better manage potential risks.
How LEXISNEXIS/INS/P&C Affects Your Credit Score
Hard inquiries, such as those from LEXISNEXIS/INS/P&C, can slightly lower your credit score. While one or two inquiries might only cause a small dip, multiple hard inquiries in a short period can have a more significant impact, potentially affecting your ability to secure favorable loan terms or credit approvals.
How Long LEXISNEXIS/INS/P&C Stays on Your Credit Report
Hard inquiries like LEXISNEXIS/INS/P&C typically remain on your credit report for up to two years. These inquiries are documented by the major credit bureaus—Equifax, Experian, and TransUnion—and are visible to other potential lenders who review your credit history.
Addressing Unauthorized LEXISNEXIS/INS/P&C Inquiries
If you find a LEXISNEXIS/INS/P&C inquiry on your credit report that you don’t recognize, it’s essential to take action. Contact LexisNexis directly to verify the legitimacy of the inquiry. If the inquiry was unauthorized, you can dispute it with the credit bureaus to have it removed.
LexisNexis Contact Information
Address:
LexisNexis
230 Park Ave., 7th Fl.
New York, NY 10169
Phone number: (800) 543-6862
Removing LEXISNEXIS/INS/P&C from Your Credit Report
If you believe that LEXISNEXIS/INS/P&C is an error or was unauthorized, working with a credit repair company like Credit Saint can be beneficial. They specialize in disputing and potentially removing inaccurate or unauthorized inquiries, along with other negative items on your credit report, including late payments, collections, charge-offs, foreclosures, repossessions, and bankruptcies.
Take the First Step Toward Better Credit Today
Improving your credit score is essential for securing better financial opportunities. Whether you choose to dispute inaccuracies on your own or seek help from a credit repair company, taking action now is crucial. Credit Saint offers free consultations to help you understand your options and take control of your credit. Visit their website, fill out the consultation form, and take the first step toward a brighter financial future.
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