LexisNexis is one of the most comprehensive data brokers in the world — and their reports can affect your insurance rates, loan applications, and more. Here's what you need to know.
Most business owners have heard of credit reports from Equifax, Experian, and TransUnion. Far fewer know about LexisNexis — a data analytics company that compiles one of the most comprehensive personal and business profiles in existence. LexisNexis reports are used by insurance companies, lenders, employers, and government agencies to verify identity and assess risk.
What makes LexisNexis different from traditional credit bureaus is the breadth of data they collect. Their reports can include public records, court filings, property records, address history, professional licenses, business affiliations, and much more — information that goes far beyond your payment history.
Why Your LexisNexis Report Matters
Insurance companies are among the heaviest users of LexisNexis data. Your LexisNexis report can directly affect your business insurance premiums — sometimes significantly. If your report contains inaccurate information about past claims, legal judgments, or business affiliations, you may be paying more than you should for coverage.
Some lenders also use LexisNexis data as part of their underwriting process, particularly for identity verification and fraud prevention. Inaccurate information in your LexisNexis report could trigger additional scrutiny or even a denial.
How to Get Your LexisNexis Report
Under the Fair Credit Reporting Act, you're entitled to a free copy of your LexisNexis consumer report once every 12 months. Request it at lexisnexis.com/privacy or by calling 1-888-497-0011. You'll need to verify your identity, and the report will be mailed to you within 1–2 weeks.
What to Look For
- Incorrect personal information — name, address, date of birth, Social Security Number.
- Inaccurate business affiliations — companies you're not actually associated with.
- Erroneous court records or judgments — especially common if you share a name with someone else.
- Outdated information — records that should have been removed based on age.
- Fraudulent entries — accounts or records created by identity thieves.
How to Dispute Errors
If you find inaccurate information in your LexisNexis report, you have the right to dispute it under the FCRA. Submit your dispute in writing to LexisNexis's consumer center, including copies of any supporting documentation. LexisNexis is required to investigate and respond within 30 days.
For complex disputes — particularly those involving identity theft or significant financial impact — consider working with a consumer rights attorney who specializes in FCRA disputes. They can often achieve results that individuals cannot on their own.
Proactive Monitoring
Given the breadth of data LexisNexis collects, it's worth reviewing your report annually — especially before applying for a major loan, purchasing business insurance, or entering into a significant business relationship. Catching and correcting errors proactively is far easier than disputing them after they've caused a problem.