Data Summary Suppression™

What is data summary suppression?

Data summary suppression refers to the practice of concealing or omitting certain details or statistics in a summary, report or dossier to protect sensitive or confidential information. It’s often employed when presenting aggregated data to ensure that individuals, entities, accounts and detail within accounts, cannot be identified from the summarized information. This method helps maintain privacy and confidentiality while still allowing the dissemination of useful data for analysis or decision-making.

What is a data dossier?

(dossier \DOSS-yay\ noun: a file containing detailed records on a particular person or subject).

A data dossier typically refers to a collection of information or documents about a particular subject, entity, or individual, organized in a systematic manner. In the context of a business owner seeking access to credit, capital, or lending and the everyday consumer seeking employment, housing or insurance, the “data dossier” may contain multiple data points about that specific individual applicant. These data points are not found in their credit report and is separate from their FICO score, but it provides prospective creditors greater insight into the applicant’s credibility and character when underwriting their application. Such insights are very specific and often contain potentially damaging information about the applicant that would not have been known otherwise, nor should be made available and used for underwriting purposes. However, the problem is that one’s personal and private information is being accessed and used for that very reason.

What is the benefit of the suppression process?

By suppressing your data summary, the banks, lenders, and potential creditors will no longer have access to the data dossier that is being unfairly used against you and that is placing you at a disadvantage when applying for credit, capital, lending, employment, housing or insurance. Through the suppression of such information, the applicant’s chances to gain access to more credit approvals and higher credit limit offers significantly increase, because these entities will no longer have access to that information and will have to solely rely upon your FICO score and the information found only on your credit report as before.