TransUnion Credit Report
Besides the free annual report, TransUnion also markets credit reports and scores directly to consumers. A three-bureau credit report, which combines data from TransUnion, Experian, and Equifax, is available online for around $30, with a credit score provided for free. This report is most commonly used by mortgage lenders, as it provides a complete picture of the person’s credit files. It also allows the subject to check for discrepancies in personal and financial information across the three files. The TransUnion credit report contains the following information:
Personal profile: This includes the subject’s name, social security number, date of registration with each bureau, birth date, and contact information. If the person has changed residences recently, previous addresses and length of stay in each address will also be included.
Employment information: This is where all current and former employers are listed. The income, start and end of employment dates, and employer names are listed in a table. Note that not all credit scores—particularly the FICO score—will take the salary into account.
Geo codes: Any significant geographical information will be listed in this section. This includes zip codes, block group status, and future addresses for those planning to relocate.
Report summary: This is where all the key information is compiled in a single, easy-to-read table. It allows lenders to get a quick picture of the subject’s credit profile without going into detail. The data shown includes all trades (including current, negative and unrated), number of accounts paid, due dates, balances, monthly payments, credit limits, and number of inquiries.
Collections and public records: This is where any public records, such as bankruptcies and tax liens, will be listed. Public collections and the balance or amount collected are also stated.
Trade lines: This refers to all credit accounts being handled by the subject. The details of each account are usually placed in this section, including the balance, monthly payments, and account status. The accounts are also classified by type (revolving, open, or installment).
Credit inquiries: Requests and inquiries made into the credit report will be listed in this section, along with the date of inquiry and name of the inquiring party. Recent inquiries may be highlighted, as they have a significant effect on the credit score.
Users can also choose to sign up for TransUnion Credit Monitoring, which provides users with daily updates on their credit files. The program offers users the option to get email alerts whenever significant changes are made to the file, or when identity theft or fraud is suspected. It also includes a $25,000 guarantee for users who become victims of identity theft while using the program.