All You Need To Know About Transunion Credit Report

TransUnion is a US company that offers credit information and information management services to nearly 45,000 companies and nearly 500 million consumers worldwide. It is also the third largest credit agency in the United States. Similar to its leading competitors, TransUnion markets credit reports directly to consumers in the USA and globally. The company is headquartered in Chicago, Illinois.

How to Obtain a Transunion Credit Report in the USA

Monitoring your credit history is a healthy habit to keep your finances in order. TransUnion’s credit report allows you to evaluate the financial behavior throughout the last 12 months, that is, how you have handled the payment of your credit cards, loans, cable TV services, internet, residential telephone or cellphones with an invoice, etc.
A thorough review of your finances and your credit history will help you understand more about your financial health. With this thorough review, you can make sound decisions to place yourself in a reasonable state in relation to your income, if you are in debt. However, if the report seems positive, checking your credit history will be smooth.
In addition to these benefits, analyzing your Transunion Credit Report is necessary to detect any irregularity in your history. By identifying a debt that you do not recognize, an amount that you consider to be wrong in balance, pending payment or a personal data that does not correspond to you, you will be able to claim it on time before the bureau so that the incorrect information is corrected. The history check can be done free of charge four times during the year. Review it with TransUnion!

How To Read Your Credit History In The Transunion Version

Understanding your credit history generally means understanding the areas that compromise your or badly effect it. The document provided by TransUnion is made up of four blocks: personal data, active accounts, inactive accounts and inquiries. Let’s take a tour of each one.
Personal Data
In this part of the report, you will find basic information such as name, surname, ID number, current and previous addresses, contact numbers, a photograph, nationality, date of birth, marital status, among others. In this section, it is good to be attentive to your personal information. Always double check each piece of information. From your date of birth to your photograph, you need to make sure each piece of information is correct.
Active and Inactive Accounts
This is the part with the most information about the credit report. This is where all your current financial commitments appear in detail: Credit cards, loans and telecommunications services. In a standard credit report by TransUnion, the aforementioned commitments are called accounts.
The Dates of The Accounts & The Currency
There are three dates mentioned in the TransUnion history: the update, the opening and the expiration dates. The update date refers to the most recent time at which the subscriber made any changes to the credit history. The opening date indicates the day, month, and year in which the company began reporting information about that account of the report owner. The expiration date describes the time for which the payment of a loan is scheduled or when the credit card expires (it is not usually shown).
Credit Limit and Balances
To efficiently evaluate your financial condition, it is wise to pay attention to credit limits and the current balance.
The Behavior Vector
The behavior vector is the last column of the active account block. Here you can see how a person has handled their accounts in the last 12 months.
What Should NOT APPEAR in Your Credit History?
In accordance with article 66 of the Law of Protection of Personal Data (172-13), credit bureaus cannot collect or include the balances and movements in your checking, savings accounts, certificates of deposits or commercial papers that are your property. Hence, this does not reflect on the credit history report.
The rule also prohibits the publication in the reports of those who appear as guarantors or guarantor’s information of the principal responsible for the debt in such a way that the default of the debtor does not harm the credit status of the guarantor. In the case of co-debtors, they will have shared credit products in their history.
Transunion provides information and risk solutions for businesses and consumers. A Transunion Credit Report in USA provides and manages the information that credit institutions use to evaluate the credit history when regular or legal personnel request loans and credits.

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