TransUnion Credit Bureau is one of the big three credit agencies. They will keep a file from all your lenders about your accounts.
They can record any late payments, missed payments, balance, and all other pertinent information. The lenders send this data to the bureaus.
This information is what they report on your credit report. Future lender and employers can see at this.
They were founded in 1968. But, back then they were called Union Tank Car Company, a rail car leasing company.
That company created TransUnion as its parent holding company. Over the next 30 years they grew into one of the world's leading business intelligence providers maintaining one of the largest collections of consumer information.
In 1969, they acquired the Credit Bureau of Cook County, and started the company we know today. Throughout the 1970s and 1980s, they continued to expand.
In 1988, they achieved full coverage in the United States, holding information on every active consumer in the country. Today, their reach extends to 25 countries on five continents.
It is privately held, meaning that it is not publicly traded. Their annual sales are in the billions.
It is a good idea to watch your credit report. To get yours free you can visit Annual Credit Report.
It is not uncommon for there to be a mistake on your report. It is estimated that 1 in every 4 Americans has an error.
If you have an error you should dispute it with the bureau. You must create a dispute letter and provide the reason why the item is in error.
When the bureau receives your letter and deems it valid they will investigate. Often items are removed regardless of their accuracy.
The bothersome part is getting the bureau to investigate. Because they might have to spend current profits to investigate a dispute.
They have found it more cost effective to erroneously respond to dispute letters and try to frustrate the individual, instead of investigating. The Fair Credit Reporting Act says the bureaus must investigate a dispute.
This is why most people who want to remove an error on their report will employ a service to dispute it on their behalf.
If you have a mistake on your report you should file a dispute with the bureau. You can do this yourself with a dispute letter or by hiring a service.
They can record any late payments, missed payments, balance, and all other pertinent information. The lenders send this data to the bureaus.
This information is what they report on your credit report. Future lender and employers can see at this.
They were founded in 1968. But, back then they were called Union Tank Car Company, a rail car leasing company.
That company created TransUnion as its parent holding company. Over the next 30 years they grew into one of the world's leading business intelligence providers maintaining one of the largest collections of consumer information.
In 1969, they acquired the Credit Bureau of Cook County, and started the company we know today. Throughout the 1970s and 1980s, they continued to expand.
In 1988, they achieved full coverage in the United States, holding information on every active consumer in the country. Today, their reach extends to 25 countries on five continents.
It is privately held, meaning that it is not publicly traded. Their annual sales are in the billions.
It is a good idea to watch your credit report. To get yours free you can visit Annual Credit Report.
It is not uncommon for there to be a mistake on your report. It is estimated that 1 in every 4 Americans has an error.
If you have an error you should dispute it with the bureau. You must create a dispute letter and provide the reason why the item is in error.
When the bureau receives your letter and deems it valid they will investigate. Often items are removed regardless of their accuracy.
The bothersome part is getting the bureau to investigate. Because they might have to spend current profits to investigate a dispute.
They have found it more cost effective to erroneously respond to dispute letters and try to frustrate the individual, instead of investigating. The Fair Credit Reporting Act says the bureaus must investigate a dispute.
This is why most people who want to remove an error on their report will employ a service to dispute it on their behalf.
If you have a mistake on your report you should file a dispute with the bureau. You can do this yourself with a dispute letter or by hiring a service.
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