TransUnion is one of the three major credit bureaus in the United States—the other two being Equifax and Experian. Each credit bureau employs slightly different criteria and data sources to score consumer credit.

TransUnion is perhaps one of the most technologically advanced credit bureaus, employing innovations such as direct-to-consumer reporting tools, tape-to-disc storage, and online commercial customer access. TransUnion’s greatest benefit is that it offers valuable insight regarding one’s lending risk.

Company History

In the 1960s, a railcar leasing operation called the Union Tank Car Company created TransUnion as its parent holding company. By the next year, TransUnion saw the opportunity to grow a new business, and the company acquired the Credit Bureau of Cook County, which, at the time, manually maintained almost 4 million card files in ...

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