TransUnion Credit Monitoring Review 2020 (Update)
We ranked the TransUnion credit monitoring service fourth on our list because it’s provided by one of the 3 major credit reporting bureaus and a trusted company when it comes to credit reports & credit related services. When you sign up for TransUnion’s $1.00 / 7 day trial you get immediate access to your TransUnion credit report plus 3 bureau credit monitoring. These are great benefits to be sure, but their services are very TranUnion specific, as you can imagine. If you’re looking for your Equifax & Experian credit report information, you won’t find it with this service. You will be better served going with a comprehensive monitoring package that includes 3 bureau credit monitoring AND allows you access to credit reports from all 3 bureaus. IdentityGuard & Lifelock would be better choices if this is an option you require.
The TransUnion monthly subscription costs $19.95, which is about the average price for most monitoring plans. However, once again, for that price we think there are better options that will include more detailed monitoring, alerting and credit tools.
With the TransUnion subscription you also receive:
- Lost wallet protection
- Credit file change alerting
- Personalized credit analysis tools
- 1 million dollars id theft insurance
You also have the ability to place free credit freezes on your TransUnion credit reports. This is normally a $10 charge for each lock/unlock you place. However it’s included in the TU credit monitoring monthly subscription.
TransUnion customer support is available via phone M-Th 8am-12am ET and Fri-Sun 8am-8pm ET. It’s extremely easy to get a live representative on the phone, and we found them to be extremely courteous and knowledgeable when we placed a test call.
While we like the security that comes with using a monitoring plan from a trusted company such as TransUnion, we believe the TU service is fairly limited and doesn’t offer as much as the services we ranked above it. With no access to Experian or Equifax credit reports as well as no FICO score availability, we would recommend this service only to those are are concerned solely with their TransUnion specific reports & information.
TransUnion Credit Reporting Faq’s
TransUnion is one of the three credit reporting bureaus along with Equifax and Experian. The three credit reporting agencies keep track of your credit history and provide reports to prospective lenders and mortgage brokers. TransUnion not only reports on your credit, but they have processes in place to help make corrections to your report. On their site, TransUnion asks: “Have you applied for a credit card and been denied because of bad credit?” Credit card companies may be closing the door to you because of inaccurate information! TransUnion helps to fix your credit record, but only if you know what your TUnion credit report says and specifically what needs to be fixed.
TransUnion allows you to run a credit check on yourself quickly and easily. You could even pull your credit report online while on a lunch break or in your pajamas at home. The sooner you see the Experian, Equifax or TransUnion credit reports that lenders and credit card companies see, the sooner you can make the changes needed to improve your credit rating and change in your life.
With a menu of reporting format options ranging from a free credit report to a low-cost $29.95 three in one credit report profile including a free credit score, there is almost no reason that you can’t quickly and conveniently obtain your credit report information and immediately report any payment, debt, name, or address mistakes to TransUnion.
Do you need to purchase a personal TransUnion credit report?
Right now you can run a personal credit check for only $9. Do you want to compare your Experian, Equifax and TransUnion credit reports side-by-side to be sure none of them are reporting damaging or flat out wrong information about your credit history? If so, the three in one credit report is the way to go.
Yes, credit reporting agencies sometimes make mistakes. TransUnion may not even know it and their mistakes could cost you. It is up to you to make sure that your debt payment history information is reflected accurately on TransUnion’s report. Does your credit report tell lenders that you made two late payments — but you didn’t? Does the report say that you still have an outstanding auto loan debt — but your car is paid off? Correcting wrong info can possibly increase your credit score. Increasing your credit score could mean the difference between a lender saying YES instead of NO. Transunion also offers id protection services that will keep track of your credit reports for fraud and identity theft.
Here is what a TransUnion credit report will show you:
- Names you have used
- Current and prior addresses
- Names of your creditors
- The amount of secured and unsecured debt taken out in your name
- Whether that debt is in the form of a revolving or installment account
- The current balances versus the limits on those accounts
- How prompt or late payments have been
- Your employment history and employer addresses
- Public records of judgments or liens against you
How do you get your TransUnion credit report right now? Just visit their site at www.transunion.com.