TransUnion Credit Bureau is one of the big three credit bureaus. They keep a record from all your lenders about your accounts.
They will record any late payments, missed payments, balance, and all other pertinent information. The lenders send this information to the bureaus.
This information is what they report on your credit report. Future lender and employers can see at this.
They were founded in 1968. But, back then they were called Union Tank Car Company, a rail car leasing company.
That company created TransUnion as its parent holding company. Over the next 30 years they grew into one of the world's leading business intelligence providers maintaining one of the largest collections of consumer information.
In 1969, they acquired the Credit Bureau of Cook County, and began to take the shape of the company we know today. Throughout the 1970s and 1980s, they continued to expand.
In 1988, they achieved full coverage in the United States, holding information on every active consumer in the country. Today, their reach extends to 25 countries on five continents.
It is privately held, meaning that it is not publicly traded. Their annual sales are in the billions.
It is a good idea to watch your credit report. To get yours free you can visit Annual Credit Report.
It is normal for there to be a mistake on your report. It is projected that 1 in every 4 Americans has a mistake.
If you have an error you should dispute it with the bureau. You must create a dispute letter and provide the reason why the item is in error.
When the credit bureau receives your letter and decides it is valid they will investigate. Often, errors are removed regardless of their accuracy.
The bothersome part is getting the bureau to investigate. Because they might have to spend current profits to investigate a dispute.
creditors have found it more cost effective to improperly respond to dispute letters and try to frustrate the individual, rather than investigating. The Fair Credit Reporting Act says the bureaus have to investigate disputes.
This is why many consumers who wish to remove questionable items on their report will hire a service to dispute it for them.
If you have a mistake on your report you should file a dispute with the bureau. You can do this yourself with a dispute letter or by hiring a service.
They will record any late payments, missed payments, balance, and all other pertinent information. The lenders send this information to the bureaus.
This information is what they report on your credit report. Future lender and employers can see at this.
They were founded in 1968. But, back then they were called Union Tank Car Company, a rail car leasing company.
That company created TransUnion as its parent holding company. Over the next 30 years they grew into one of the world's leading business intelligence providers maintaining one of the largest collections of consumer information.
In 1969, they acquired the Credit Bureau of Cook County, and began to take the shape of the company we know today. Throughout the 1970s and 1980s, they continued to expand.
In 1988, they achieved full coverage in the United States, holding information on every active consumer in the country. Today, their reach extends to 25 countries on five continents.
It is privately held, meaning that it is not publicly traded. Their annual sales are in the billions.
It is a good idea to watch your credit report. To get yours free you can visit Annual Credit Report.
It is normal for there to be a mistake on your report. It is projected that 1 in every 4 Americans has a mistake.
If you have an error you should dispute it with the bureau. You must create a dispute letter and provide the reason why the item is in error.
When the credit bureau receives your letter and decides it is valid they will investigate. Often, errors are removed regardless of their accuracy.
The bothersome part is getting the bureau to investigate. Because they might have to spend current profits to investigate a dispute.
creditors have found it more cost effective to improperly respond to dispute letters and try to frustrate the individual, rather than investigating. The Fair Credit Reporting Act says the bureaus have to investigate disputes.
This is why many consumers who wish to remove questionable items on their report will hire a service to dispute it for them.
If you have a mistake on your report you should file a dispute with the bureau. You can do this yourself with a dispute letter or by hiring a service.
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