Who are TransUnion competitors?

Asked by: Bailee Zulauf  |  Last update: February 9, 2022
Score: 4.2/5 (37 votes)

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

What kind of company is TransUnion?

TransUnion is an American consumer credit reporting agency. TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries including "200 million files profiling nearly every credit-active consumer in the United States".

Who competes with Equifax?

Equifax competitors include Experian, TransUnion, Thomson Reuters, Dun & Bradstreet and LendingClub.

Who are Experian competitors?

Competitors and Alternatives to Experian
  • Informatica.
  • IBM.
  • Microsoft.
  • Oracle.
  • Talend.
  • Ataccama.
  • Pitney Bowes.
  • SAP.

Who owns TransUnion Credit Bureau?

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

Why Equifax, Experian, and Transunion Have Different Scores

18 related questions found

Which is the largest credit reporting agency?

Experian is the largest credit bureau in the United States. Still, it's not the only entity that houses consumer financial data. Equifax and TransUnion are the other major credit reporting agencies lenders, and creditors turn to for credit reports and scores used to make lending decisions.

Which credit agency is used the most?

While there's no exact answer to which credit score matters most, lenders have a clear favorite: FICO® Scores are used in over 90% of lending decisions. While that can help you narrow down which credit score to check, you'll still have to consider the reason why you're checking your credit score.

Who is Experian owned by?

Credit reporting giant Experian Corp. has been acquired by a major British retailing and financial services conglomerate in a $1.7-billion deal that creates one of the world's largest consumer credit data companies.

Are Experian and Equifax the same company?

Equifax: An Overview. Experian and Equifax are the two largest credit bureaus in the U.S. Both companies collect and research credit information of individuals and rate the overall ability to pay back a debt.

Is Experian legitimate?

Is Experian safe? Experian is a safe and globally recognized credit reporting agency that offers identity theft protection and business credit assistance. Its services are ideal for consumers who want to raise their credit score by developing healthy credit habits.

Who owns TransUnion South Africa?

TransUnion sells its share in its Receivables Management business to the existing shareholders Safika Investments and Jagfin Trust. TransUnion continues to offer collection solutions and modelling capabilities, but no longer owns and manages operations in the third-party collection space.

Who are TransUnion customers?

Our customers include major high street banks and lenders, leading insurance companies, fintechs, and key and emerging players in retail, gaming, telco, utilities and automotive. We make trust possible by helping consumers be reliably and safely represented in the marketplace.

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.

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 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.

Why is FICO higher than TransUnion?

It's considered to be one of the more balanced bureaus since it assigns weight fairly evenly across the standard risk categories. TransUnion ranges from a low of 300 to a high of 850. ... FICO scoring is more holistic, which allows more Americans to qualify for loans and mortgages than most traditional bureaus' scores.

What credit bureau does Walmart use?

Walmart pulls information from all three major credit bureaus — TransUnion, Equifax, and Experian. Do you have inaccurate items on one of those reports & it's pulling your score down?

Who owns the three credit bureaus?

Many consumers believe that credit bureaus like Equifax, TransUnion, and Experian are somehow owned, managed or otherwise controlled by the federal government, but, in fact, they aren't. At a fundamental level, all credit bureaus operate as private, for-profit companies.

What countries does TransUnion operate in?

Our consumer empowerment solutions continue to expand outside the U.S., currently offering consumer products in India, Hong Kong, South Africa and Canada through direct and indirect channels. It's our mission to help people around the world access the opportunities that lead to a higher quality of life.

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.

Do banks look at TransUnion or Equifax?

While the FICO® 8 model is the most widely used scoring model for general lending decisions, banks use the following FICO scores when you apply for a mortgage: FICO® Score 2 (Experian) FICO® Score 5 (Equifax) FICO® Score 4 (TransUnion)

Which credit report is most accurate?

The most accurate credit scores are the latest versions of the FICO Score and VantageScore credit-scoring models: FICO Score 8 and VantageScore 3.0.

What is the most comprehensive credit report?

Best Overall AnnualCreditReport.com

The Consumer Financial Protection Bureau confirms that AnnualCreditReport.com is the official website that allows you to access each of your credit reports from all three of the major credit bureaus — Equifax, Experian, and TransUnion — at no cost.