TransUnion Credit Report

TransUnion is a market leader in the credit report industry. Also known as a credit bureau, it is considered to be among the “Big Three” credit reporting agencies. The other two are: Equifax and Experian. They serve both consumers and the business world, providing accurate credit and fraud-prevention data as well as information-based solutions.

With a solid history of more than 30 years of proven business and financial intelligence experience, the TransUnion credit reporting agency can send you your personal credit reports in minutes in response to your online request.

TransUnion are well-trusted by the consumers that they serve. They consistently offer timely financial products and services, as well as facilitating options and opportunities. This, in turn, serves to promote the consumer's optimal financial health.

TransUnion's complete suite of products and services equip both the inidividual, personal consumer as well as the business person.

For the business person, TransUnion offers products and services unique to an individual industry. If necessary, TransUnion will customize their products and services to meet a unique business need. They develop technology to fit and offer targeted solutions.

In line with Internet technology, TransUnion offers key business products and services, as follows:

  • TransUnion DeskTop provides a secure Internet site to enable registered customers to request and receive TransUnion products using a browser. TransUnion Net provides a secure, server-based application that supports delivery of TransUnion's fixed format record, both to and from customer systems.

TransUnion empowers businesses to manage financial risk and capitalize on market opportunities. They acheive this through secure maintainence of one of the largest databases of consumer credit information in the world! Businesses are given access to how TransUnion gathers, stores, and interprets credit data to help business increase their profits. Business owners are equiped to find or create the best tools to optimize their business.

For the personal consumer, TransUnion offers the following products and services, for a fee:

  • Comsumer Credit Profile containing data from the three national credit agencies in one easy-to-read online report.
  • Credit Monitoring with Weekly fraud watch emails. These keep the consumer informed as well as protected and includes quarterly credit reports.
  • Personal Credit Report and Score with the version of your credit report that only the consumer can see and enables the consumer to check the accuracy of credit information.
  • Credit Profile and FICO Score with the version of the consumer's credit report that lenders see and the score most lenders use.
  • As above with subscription with full access to check consumer's creditworthiness four times a year allowing the consumer to stay up-to-date on changes in report.

Consumers place their trust in TransUnion credit reporting agency. They have proven that they will work to show their commitment and investment in technology. This results in a suite of products and services that enable the consumer to get their job done efficiently and effectively. TransUnion's success has been achieved largely through being able to supply accurate information when it is requested and working effectively with all consumers to maintain accuracy of that information.

The consumer can request an online TransUnion, free credit report for a credit check (you must meet their online criteria first, which is accessed on their site.) and this will also show any bankruptcy verification from the past that will result in the prohibiting of credit approval until discharged. If you would rather order a copy of your credit report by phone you can easily charge it to your major credit card if you like. You can expect to wait a good week for it to arrive. Of course, ordering your credit report online will net you the results you want within seconds.

A smart consumer will order their credit report from all three major credit reporting agencies. Keep in mind that if an error exists on even one of the reports, this can negatively affect your chances of getting the loan you want.

What Will Your TransUnion Credit Report Look Like

TransUnion maintains a credit report that lists all of the consumer credit that has been extended to you over the past seven years. It will show what your highest balance has been and what your current balance was on the date last reported by the creditor. Your report will also show how many payments you have made on time and how many late payments were made. Late payments are grouped into categories showing how late you were. For example, if your credit card payment was over 30 days late one time, it might not be considered too serious. But if payments were over 60 days late four times, over 120 days late two times and over 180 days late one time, you have had a serious problem. That problem is going to impact your ability to borrow money.

It just makes sense to find out about your credit and correct any errors now. TransUnion stands by to make any necessary corrections to your credit report. Regardless of how many credit problems you have had in the past, there are two good points to remember.

  • First, negative credit information can be reported in your credit file for only seven years. After that, it drops out and cannot even be considered. The one exception is bankruptcy, which can be reported for 10 years. But after that you start with, essentially, a clean slate.
  • Second, lenders are much more concerned about how you have handled your credit recently than with what happened several years ago. Even if you have had a bankruptcy, if you have kept your nose clean and paid your bills on time since then, it is possible you could qualify for a loan after as little as two or three years.

Whatever your financial needs, TransUnion is an established and very reputable credit reporting agency and will work hard to earn your loyalty.