Is TransUnion legit?

Asked by: Orpha Cassin II  |  Last update: February 9, 2022
Score: 4.3/5 (9 votes)

Is TransUnion legit? TransUnion is one of the three major credit bureaus, and it has a strong reputation for providing reliable, consistent credit scores. It offers credit monitoring services, fraud alerts, identity theft protection and other useful services to help consumers maximize their credit.

Is TransUnion real?

TransUnion is an American consumer credit reporting agency. ... It is the smallest of the three largest credit agencies, along with Experian and Equifax (known as the "Big Three"). TransUnion also markets credit reports and other credit and fraud-protection products directly to consumers.

Is TransUnion or Experian better?

TransUnion: The Bottom Line. While both TransUnion and Experian have some similarities, Experian offers a more robust suite of consumer services. It also reveals your FICO Score 8—the score most lenders use—which can give you a better idea of what lenders see than the VantageScore that TransUnion provides.

Is TransUnion a good company?

Is TransUnion a good company to work for? TransUnion has an overall rating of 4.1 out of 5, based on over 1,429 reviews left anonymously by employees. 81% of employees would recommend working at TransUnion to a friend and 74% have a positive outlook for the business.

Is my credit score good TransUnion?

A credit score of 721-880 is considered fair. A score of 881-960 is considered good. ... A credit score of 604-627 is good. A score of 628-710 is considered excellent (reference: https://www.finder.com/uk/transunion).

Is Identity Theft or Credit Monitoring a SCAM?

40 related questions found

Is TransUnion Credit Karma?

The score and credit report information you see on Credit Karma comes from TransUnion — one of the three main credit reference agencies in the UK. Credit Karma isn't a credit reference agency. ... Rather, we show you information and a score that's directly provided to us by TransUnion.

Is 680 a good credit score?

A FICO® Score of 680 falls within a span of scores, from 670 to 739, that are categorized as Good. ... 21% of U.S. consumers' FICO® Scores are in the Good range. Approximately 9% of consumers with Good FICO® Scores are likely to become seriously delinquent in the future.

Should I join TransUnion?

Great benefits, good people, stale salaries and hit and miss organization and strategy. Overall this is a good company to work for and I WOULD recommend them with a few caveats...

Who owns TransUnion?

TransUnion is owned by, wait for it, Goldman Sachs. They were purchased for $3 billion in 2012.

Does TransUnion pay well?

Average TransUnion Salaries By Department

Employees in Business Development roles earn the highest wages at TransUnion, with an average salary of $105,930. Employees working in the Marketing department earn a relatively high salary as well, averaging $97,354 per year.

Which credit reporting agency is most accurate?

FICO scores are used in over 90% of lending decisions making the FICO® Basic, Advanced and Premier services the most accurate for credit score updates.

Why is my TransUnion lower than Experian?

This is due to a variety of factors, such as the many different credit score brands, score variations and score generations in commercial use at any given time. These factors are likely to yield different credit scores, even if your credit reports are identical across the three credit bureaus—which is also unusual.

What is more important TransUnion or Equifax?

Is TransUnion more important than Equifax? The short answer is no. Both TransUnion and Equifax are reliable credit reporting agencies that compile reports and calculate your credit scores using different scoring models.

Is TransUnion more accurate than Equifax?

Equifax: Which is most accurate? No credit score from any one of the credit bureaus is more valuable or more accurate than another. It's possible that a lender may gravitate toward one score over another, but that doesn't necessarily mean that score is better.

What is the purpose of TransUnion?

TransUnion is a global information and insights company that makes trust possible between businesses and consumers, by ensuring that each consumer is reliably and safely represented in the marketplace. We do this by having an accurate and comprehensive picture of each person.

Is TransUnion an LLC?

TransUnion LLC (TransUnion) is a risk and information solutions provider to individuals, government, and businesses. ... TransUnion is headquartered at Chicago, Illinois, the US.

What is TransUnion $19.95 charge?

TransUnion is one of the big three credit reporting agencies, along with Experian and Equifax. You may have signed up for a $1 credit check, which TransUnion will silently convert to a $19.95 / month membership if you don't cancel within a week. ... With TransUnion, you have two options for canceling: online or by phone.

Who are TransUnion competitors?

Competitors and Alternatives to TransUnion
  • ThreatMetrix.
  • Kount.
  • LexisNexis.
  • Experian (41st Parameter)
  • Accertify.
  • CyberSource.
  • IBM.
  • Idology.

How do I cancel my TransUnion membership?

The easiest way to terminate your membership is through our online process, just click here. You may also terminate your membership by talking to a Customer Service Team Member at (833) 598-0673. Customer Service is available: 8AM – 6PM Eastern Time Monday-Friday.

What are the benefits of TransUnion?

Which benefits does TransUnion provide?
  • Insurance, Health & Wellness. Health Insurance. 4.4★ 43 Ratings. ...
  • Financial & Retirement. 401K Plan. 4.2★ ...
  • Family & Parenting. Work From Home. 4.1★ ...
  • Vacation & Time Off. Vacation & Paid Time Off. 3.6★ ...
  • Perks & Discounts. Employee Discount. 3.1★ ...
  • Professional Support. Tuition Assistance. 2.8★

When did TransUnion go public?

June 25, 2015. TransUnion rang the NYSE Opening Bell® to commemorate the company's initial public offering and first day of trading on the New York Stock Exchange. TransUnion trades on the NYSE under the ticker symbol “TRU.”

Can I buy a house with a 684 credit score?

As mentioned above, a 680 credit score is high enough to qualify for most major home loan programs. That gives you some flexibility when choosing a home loan. You can decide which program will work best for you based on your down payment, monthly budget, and long–term goals – not just your credit score.

Is 683 a good credit score?

A FICO® Score of 683 falls within a span of scores, from 670 to 739, that are categorized as Good. ... 21% of U.S. consumers' FICO® Scores are in the Good range. Approximately 9% of consumers with Good FICO® Scores are likely to become seriously delinquent in the future.

Is 600 a good credit score?

Your score falls within the range of scores, from 580 to 669, considered Fair. A 600 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.

Which banks use TransUnion?

Which Banks Use Transunion Canada?
  • Royal Bank of Canada (RBC)
  • Bank of Montreal (BMO) *
  • Scotiabank*
  • National Bank*
  • Laurentian Bank.
  • Bridgewater Bank.
  • Tangerine*
  • Vancity.