TransUnion Credit Bureau

TransUnion credit bureau is one of the three big American consumer information collection bureaus. Founded in 1968 and currently based in Chicago, TransUnion credit bureau maintains a presence on 5 continents, in 30 countries with over 4000 employees.

This page:

    • Describes how TransUnion credit bureau operates
    • Explains how lenders use TransUnion's services
    • Gives advice on using TransUnion to your benefit

How TransUnion credit bureau works
As a credit reporting bureau, TransUnion provides reliable credit-related data to potential lenders allowing them to make informed decisions in their loaning practices. Lending companies check with TransUnion credit bureau when deciding to lend and individual money.

By doing so, they decrease the amount of loss taken by the company due to bankruptcies and other loans that are not paid in full.

In order to offer current information on consumers to their customers, every month TransUnion processes millions of updates to their databases. What's more impressive is that TransUnion maintains current financial and marketing files on every American consumer.

A few more details about TransUnion credit bureau
Among TransUnion’s customers, you find lending companies like banks, mortgage firms, and brokerage services and also other financial services like collection agencies, retailers and marketers, insurance companies, and healthcare organizations.

From TransUnion, these companies purchase financial portfolio management services, credit assessment help, marketing tools, and risk versus profitability models.

How TransUnion credit bureau can help you
TransUnion credit bureau also sells information to individuals in the form of credit reports and scores. This accurate credit information can help secure your next loan or prevent an identity theft. Even though you are a single individual, TransUnion serves you too. Errors in credit reports are investigated by them free of charge and in the case of identity theft, TransUnion is an invaluable resource for stemming the unauthorized use of your personal information.