TransUnion Credit Report
TransUnion is one of the three major credit bureaus, from which you can get a credit score and credit report. Like other credit reporting agencies, they provide access to a membership service and a host of other features.
TransUnion provides free credit scores to those who sign up on their website. You can also get a credit report for only $1 as part of a 7-day trial of their subscription credit monitoring service. Afterwards, you get billed $17.95 a month to access all their features. TransUnion does not offer any other membership services. This is a bit unusual compared to the myriad of plans offered by other credit report sites.
As part of your membership, you can get alerts from all 3 major credit bureaus in case of identity theft. This basically means you will get emails or text in the case of unauthorized use of your credit or social security number. Although you can get alerts from Experian or Equifax, this does not entail actual credit reports and scores from any of them, besides TransUnion's. This is only available after your trial membership ends. Users don't have access to this feature during the trial period.
A nice little tool that TransUnion provides is the TU Credit Lock. This resource makes it easy for you to lock and unlock your credit. If you feel that your identity may have been stolen, you can just click or swipe a few buttons to stop any unauthorized transactions. This can be a very useful thing to have.
Transunion also will keep you updated on your credit score. You can log in at anytime and see what your current score is. You will also get an updated credit report every 30 days as part of your membership
If you're looking for resources to better educate yourself in regards to credit and managing your finances, TransUnion provides easy-to-read guides to help you learn more. Some of these include:
- Credit Report – This section has a list of frequently asked questions about credit reports. This should help you understand what is a credit report, how it gets updated, what information is on a credit report, how long negative information stays on there and who has access to it.
- Identity Theft – Those who wish to learn more about identity theft will find plenty to read about here. TransUnion offers lots of information on what to do if your identity gets stolen, as well as, how to prevent it.
- Debt and Money Management – TransUnion lists some basic tips to help you improve your finances. This includes information such as making a budget, reducing your debt and monitoring your credit.
- Annual Credit Report – If you want to learn more about getting free credit reports, what strategies to use when requesting them, and what you should look for, you can find it here.
- Credit Cards – Those looking for credit card information and how to better utilize their cards won't find much to work with here. Unfortunately, this section leaves out a lot of useful information.
- Credit Score – The Credit Score education area gives you a good deal of information on the subject. Those wanting to know about credit scores can find the information they seek.
- Credit Monitoring – Looking to find out more about monitoring your credit? TransUnion has some tips to help watch your credit and make sure that you are keeping track of it.
- Credit Bureaus – This is a brief introduction to the three major credit bureaus. There is also a mention of VantageScore but no word about FICO scores or anything in-depth.
- Mortgage – Another brief section devoted to mortgages and credit. Again, there is not much to take with you.
Overall, TransUnion's Credit Education has some good tips to help you learn about credit and finance. They do lack a lot of key information and guides to really help people turn their finances around.
TransUnion provides a variety of different services to cater to needs beyond credit reports and scores. Some of these are very practical tools for those concerned about their credit and their businesses.
- Credit Freezes – TransUnion lets you place a security freeze on your credit, even if you're not a paying member. They let you know about the proper protocol when dealing with such an issue, and provide specifics when it comes to the requirements each state has. This is an especially helpful feature to have for those concerned with security breaches.
- Fraud Alerts – If you think you have been made a victim of identity theft or fraud you can place an alert to let financial institutions know about it. They also specify what requirements you need and how long a fraud alert will be seen on your credit.
- Fraud Victim Resources – If you want to know more about what to do when you become the victim of identity fraud, TransUnion has a wealth of knowledge to offer. They list contact information, assistance numbers, your bill of rights as a fraud victim and even more things you can do in the case that this should happen. You can rest assured knowing that TransUnion will be able to provide you with assistance.
- Business Tools – In addition to helping you with credit reports, scores and fraud issues, TransUnion gives information and resources to business owners. You can find information such as analytics, consulting, customer acquisition, portfolio management, marketing tools and data breach solutions. TransUnion also has informative blog articles, insights, and updated webinars to help you succeed with your business.
TransUnion has a lot of good resources to offer beyond their initial services that can cater to a variety of different needs. There is much to be utilized from their many features.
Verdict - Great
TransUnion has plenty of excellent services that prove useful. They even have some surprising benefits even for users that only utilize their free services. However, without access to scores and reports from the other two bureaus, information about your FICO score, membership options or much in the way of educational resources, TransUnion does not earn the number one spot.