Top TransUnion Alternatives and Overview

TransUnion is a widely popular Consumer Credit Reporting Agency, collecting the data of over 1 billion personals, spread in 200 countries. Specializing in the Credit Reports, it can even warn consumers against credit frauds and is liable to provide at least one free credit score every year.

Having a toe hold in 1986, as a railroad leasing organization, it now processes many personal’s credit information and offers various credit maintenance services like securing credits, fraud detection, identity theft protection, credit lock, and many more.

The core services of TransUnion

Being the third-largest credit scoring agencies of the USA after Equifax and Experian, it assists both the customers and moneylenders to judge credit scores, allowing the scope for better offers on loans and interest rates.

The core amenities that took TransUnion to its height are CreditVision, IDVision, and DecisionEdge. There is one more product to manage the tenant screening called SmartMove.

This makes it a vast data collection and rating agency, providing their services globally.

CreditVision

From the lowest 300 to highest 850, it has its own unique rating system. These ratings give an insight to businesses on which customers they need to approach for sound and safer profit.

It has a diverse method to determine consumer spending pattern, behavior, and payment data, making it a must-use for every lender.

IDVision

Verification of identity is critical in the financial world as it can lead to a colossal blunder. For that, IDVision has formulated methods to establish customer identity, authenticate it, and then prevent frauds.

DecisionEdge

TransUnion’s automated risk decision management ecosystem, DecisionEdge aids millions of lenders with verified data of consumers, for a trusted loan fulfillment.

SmartMove

Another risk assessment tool, SmartMove, is a tenant screening tool helping landlords go over a thorough background check and tenant ratings.

Conclusion

TransUnion is the one-stop solution for all your consumer ratings and verification needs. Although, it has been susceptible to false information of many consumers in the past, resulting in lawsuits settled as big as $60 million, and yet, the ID-verifications and individuals ratings by TransUnion has safeguarded many financiers.

Company Name: TransUnion LLC

Company Address: 555 West Adams Street, Chicago, Illinois, USA

Founded in: 1968