TransUnion, founded in 1968 is one of the largest credit scoring and reporting companies today. Customers can use their basic services to keep track of their credit.
Credit numbers are important for getting a car insurance policy, a loan, and sometimes even a job. TransUnion offers you unlimited access to your credit history, credit reports, and alerts when anything changes. For example, if you miss a payment, someone opens an account in your name or your credit card balance goes up.
TransUnion requires you to provide some basic information and answer some security questions. To access your three bureau scores, you must pay $29.95 for each new report.
TransUnion Pros and Cons
Pros:
TransUnion has been accredited by the Better Business Bureau.
Alerts Identity theft is a common crime. Thieves can steal your social security number, and credit card details, and open a bank account using only your name.
TransUnion created an iOS app to help you determine if you are a possible victim.
You’ll be notified if you receive a request from a lender, someone attempts to get a loan or open a card in your name, or if the credit report of all three companies changes in any way.
Access Credit Scores and Reports: Users have unlimited access to TransUnion credit scores, and can receive credit monitoring services from all three bureaus.
Customer Service: TransUnion can help you dispute items in your credit report. From Monday to Thursday, you can reach them between 8 am and 12 am ET. You can contact them from Friday to Sunday between 8 am and 8 pm ET.
Insurance Against Identity Theft: provides insurance against identity theft. Coverage ranges from $25,000 up to $1,000,000, depending on which plan you select. This insurance covers you in case your personal information has been compromised.
Cons
- You will have to pay each time you wish to view your credit score from Equifax or Experian.
- The FICO(r), which is the score that lenders use, may be different from what you provide.
Cost and Pricing
- Credit Score & Report: $19.95
- You will need to pay $29.95 for access to your three bureau scores. You will have to pay the fee again if you wish to receive an updated report in the future.
The conclusion of the article is:
TransUnion, a well-known company in the credit reporting industry, was founded back in 1968. TransUnion offers important services to monitor your credit. The service helps protect users’ financial well-being by providing easy sign-ups, unlimited credit history access, and proactive alerts. This service offers accreditations, comprehensive alerts, and customer support.
You can also get insurance against identity theft. There are some disadvantages to be aware of. You have to pay for other bureau reports. There may also be discrepancies with your credit score. TransUnion’s offerings have both strengths and weaknesses, but they still play a major role in helping people manage their credit.
FAQs
How long is TransUnion’s free trial period?
TransUnion offers a seven-day free trial. If you do not cancel your subscription within the first seven days, then you will be charged.
What services does TransUnion provide?
TransUnion provides services to prevent identity fraud and compensate victims if they occur.
TransUnion can I get my credit report from another credit reporting company?
TransUnion does NOT share credit information. You will need to contact Experian and Equifax directly to get your credit report.
