TransUnion 814

Here’s the deal with TransUnion:

TransUnion was founded in Chicago, Illinois, in 1968 as a holding company for the railcar leasing operation, Union Tank Car Company. They soon acquired the Credit Bureau of Cook County and began to expand into the credit reporting industry, creating a database of more than a billion consumers in over 30 countries.

What Services Does They Offer?

TransUnion provides unlimited access to its credit report and score, and monitors all three bureaus for suspicious activity on your credit reports. It also includes identity theft protection and specialized credit tools for businesses. In addition, they allows users to dispute errors, as well as put security freezes and fraud alerts on their credit report.

TransUnion’s identity theft protection service is called TrueIdentity. The program monitors the internet, court records, and payday lenders for suspicious use of consumers’ personal information. It also includes a $1 million ID theft insurance policy and assistance with canceling and renewing your credit cards, if you lose your wallet.

TransUnion only includes access to its own credit report and score. Although knowing TransUnion’s credit score is useful for educational purposes, it is not a FICO score, the score used by the vast majority of lenders. Consumers will need to use a different service to see their FICO scores and their other two credit reports.

How Does it Work?

TransUnion is a subscription-based service that starts with a 7-day trial. If the account is not cancelled within the 7-day trial period, members are automatically enrolled in an indefinite subscription to their credit reporting and monitoring services.

To ensure identity thieves cannot access consumers financial information, TransUnion requires users to open an account with TransUnion and confirm their identity. This involves providing their full name, address, date of birth and Social Security Number, as well as a credit card or other method of payment.

 

How is TransUnion Better/Worse Than Other Credit Reporting Companies?

TransUnion offers a complete credit monitoring and identity theft protection service that also includes users’ credit report and score. They are world leader in credit analysis and identity theft protection that has over 35 years’ experience and an A+ rating with the BBB.

However, they only provides access to its own credit score and report. Although it does monitor all three credit reports, you will have to look elsewhere to get a copy of the other two reports. The credit score included is not a FICO score. This means you will have to pay extra to another credit report provider to get a full picture of your credit profile and see the scores lenders use to determine creditworthiness.

For more options, check out the Failed Credit 2018 Best Free Credit Report Sites report.

TransUnion

8.8

Credit Score & Reports

8.2/10

Monitoring & Tools

9.1/10

Plans and Pricing

9.1/10

Reputation & Support

8.8/10

Pros

  • Unlimited TransUnion score and report updates
  • Email updates of critical credit information changes
  • Personalized credit and debt analysis
  • Interactive graph of your score history
  • Up to $1,000,000 in ID Theft Insurance
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