How To Get Free Credit Report From Transunion?
TransUnion credit report obtained in once a year means that one gets an opportunity to analyze his or her credit history and possibly detect errors or fraudulent activities. Here is a guide on the process of accessing your free annual credit report from TransUnion:
What is TransUnion?
TransUnion is one of the three largest credit reporting agency in United States which provides consumer credit reports. The other two are Equifax and Experian The two major credit reporting agencies in the United States are Experian, Equifax, and TransUnion. TransUnion also acquire data of credit history from creditor, lenders, collection agency, and public records data. This includes your:
- Spending and borrowing habits in terms of credit card and loan.
- Current debt amounts
- Credit inquiries
- CCJs and other information that one can obtain from the public records such as bankruptcies, judgments, etc.
The credit reporting agency known as TransUnion then takes this information and generates your credit report. The information in your credit report and the conclusions made by TransUnion on your creditworthiness are used by different lenders to decide whether to extend credit to you and at what rate.
Under federal law, you are allowed to get one free credit report every year from the website AnnualCreditReport.com as a consumer of TransUnion. Credit reports should be checked periodically so that one can notice any incidence of fraud or mistakes made.
How Can You Get Your Free TransUnion Credit Report
Here are the simple steps for requesting your annual credit report from TransUnion via AnnualCreditReport.com:Here are the simple steps for requesting your annual credit report from TransUnion via AnnualCreditReport.com:
1. Visit the official website for requesting annual credit reports at AnnualCreditReport.com. This is the only website that offers the credit reports that federal law states that the credit bureaus must offer for free every year. Most other Web sites that proclaim ‘Free credit reports’ actually make you fork out your credit card details to get a look at your credit score, or are a part of an operation that is essentially a thinly-disguised attempt at making you sign up for paid subscription services.
2. When you’re ready, go to the designated link labeled “Request your free credit reports.”
3. After this, you will be required to answer some questions relating to your identity, such as your name, your date of birth, your Social Security Number, your telephone number, and your address. This enables TransUnion to verify your identity and retrieve your credit reports accurately. Ensure that you give them the best of information that will allow you match their records.
4. On the Request Form page, there is a checkbox where you can indicate whether you would like to receive your credit report and scores from Equifax, Experian, or TransUnion. If you want the TransUnion report only, then make sure to check the box that says TransUnion. If you want all three reports, then you have to check all the three boxes that are provided for the above three reports.
5. Choose if you would like the report sent to your email or via the post. As for the delivery method, you will receive your report through email, which means that you can get a copy of it earliest – in 15 minutes at most. Mail delivery ranges in the 7 to 14 days depending on the destination.
6. Once filled, on can click on the “Continue” button to go to the verification stage. Now it is your turn to respond to the identity questions regarding your past addresses, loans, credit card etc It will take some time and try to answer correctly based on the records. If one answers the questions inaccurately, this can lead to failure to verify identity.
7. If you want to proceed further, then you will be directed towards a confirmation page if the details that you entered are correct. If you selected electronic delivery, it will be mailed to your email address that you used when requesting your credit report. Your report will be located on this site in a PDF format, and the link will be given to the recipient. If waiting for the delivery of mails, then look out for a report in the post within two weeks.
TransUnion Credit Report: What Next
If it is a PDF or if you are physically logging into the TransUnion credit report, begin by checking all the sections of the document to confirm they contain the necessary details – full name, address history, Social Security Number, etc.
Next, scan each section thoroughly:Next, scan each section thoroughly:
- Accounts Summary: Check all accounts – both open and closed ones. Ensure you know all those accounts belong to you, and are actual accounts that you have created. I recommend checking for any incorrect status, delayed payments, wrong loan amounts, credit limits, and other factors that could be bringing down your scores.
- Inquiries Summary: Review information on hard credit inquiries to ensure it matches with credit applications that you have made. If you receive too many inquiries from companies that you have never applied for credit with them, then it means you are involved with fraudsters.
- Public Records: In general, beware of any bankruptcies, tax liens, unpaid child support, or civil judgments you never knew existed because mistakes are also recorded here.
If you notice any forms of fraudulent activity, accounts/inquiries that are unfamiliar to you, or reporting mistakes that are hurting your credit report, don’t hesitate to reach out to TransUnion’s dispute division to investigate the errors. It could help to enhance your credit reports and scores over a period of time. You have the following rights: You can challenge the information that you think is wrong or incomplete without any charges.
The Closing Takeaway
It is important to maintain a transparent credit report, correct mistakes and prevent credit frauds, and to achieve this, the best practice is to check the TransUnion credit report once a year. For compliance and data privacy, you can get your free report using AnnualCreditReport.com in as short as 5 minutes. It helps to also check the other credit reporting agencies for more complete information on the status of your credit. So, there is no reason you can’t have good credit health as long as you follow good credit habits and use credit wisely.
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