TransUnion credit monitoring review 2018 | finder.com

TransUnion credit score and monitoring review September 2018

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Sign up for unlimited access to your VantageScore and get tools to help keep your report safe.

If you’re looking to buy a house or take out a big loan soon, you may not want to wait around for once-a-year access to your free credit report. On top of that, reports leave out one of the most important factors of determining your overall creditworthiness — your credit score.

Among the three largest credit bureaus in the US, TransUnion offers a comprehensive monthly subscription that includes access to your VantageScore, detailed analysis of your credit and more.

What is TransUnion?

Founded in 1969, TransUnion is the youngest of the “big three” credit reporting bureaus in the US. It’s also the smallest, though it holds a database of more than 1 billion consumers across 33 countries.

TransUnion uses the VantageScore 3.0 model, grading consumers from 300 to 850. Generally, the higher your score, the more likely you’ll be offered competitive terms and low rates from creditors and lenders.

How can I check my credit score with TransUnion?

Though it’s not always clear on TransUnion’s site, the bureau appears to offer only one way to see your VantageScore: Through its Credit Monitoring subscription service.

For about $20 a month, you become a TransUnion member with unlimited access to the TransUnion Score & Report, which includes your VantageScore 3.0 — an industry score developed jointly by the three main bureaus.

Like similar bureau packages, you’ll have access to expert guidance and resources to help you analyze your debt, dispute items on your report or learn more about the path to financial freedom.

How much does it cost?

BenefitsCost
TransUnion Credit Monitoring
  • Unlimited access to TransUnion score & report.
  • Ability to freeze reports from TranUnion and Equifax.
  • Automatic alerts for credit requests.
  • ID theft insurance of up to $1 million.
$19.95 a month plus tax

Will checking my credit score negatively affect my overall report?

No. Inquiring about your own credit score or report won’t damage your score because it’s only a soft pull of your credit. A hard pull of your credit is what can cause a minor ding to your score.

What other services does TransUnion offer?

Your membership includes:

  • Credit Lock Plus. Use this tool to freeze your TransUnion and Equifax reports, preventing creditors from taking a look without your permission.
  • Instant alerts. Know whenever anybody attempts to apply for credit in your name.
  • ID theft insurance. Get insured for up to $1 million if you’re a victim of ID theft or fraud.

On the business side, TransUnion uses its extensive database of consumer information to help companies and industries narrow their focus on specific customers and employees and assess consumer data and trends. It also designs products for the government that assess risk, ensure safety and prevent cyber fraud.

Pros and cons

TransUnion can give you an idea of what a potential creditor might see when you apply for credit or a loan. But creditors tend to rely on your FICO Score, not the VantageScore that TransUnion provides.

Here’s what you’ll want to know about benefits and drawbacks before you subscribe with TransUnion.

Pros

  • One of the “big three.” TransUnion is among the three major credit reporting agencies in the US.
  • Comprehensive subscription. For $20 a month, you get unlimited access to your VantageScore and credit report, tools that can prevent access by creditors without your say and expert guidance on disputes and healthy credit habits.
  • Easy-to-use app. A well-designed dashboard makes it easy to access your score and details on the go from your phone.

Cons

  • Site isn’t transparent. So many of its individual product pages simply redirect you to a form that isn’t clearly marked as its subscription service.
  • Info is for one person. Unlike competitors, you can’t add your partner or children to your account for simultaneous monitoring.
  • No one-time option. TransUnion only offers a monthly subscription.

Do you think your credit needs repairing?

How do I sign up?

To sign up for TransUnion’s credit monitoring service, go to its site and click My Credit Score & Report or Get Your Credit Score.

To create a TransUnion account to log in to for future access to your subscription’s benefits, you’ll need to:

  • Submit your personal details including your full name, birthdate, current address and Social Security number.
  • Create a username and password.
  • Enter your credit card details for payment.
  • Verify your identity with a series of security questions that only you should know the answer to.

Compare TransUnion with other credit score services

Details Features
myFICO
myFICO
Get quarterly access to your most widely used FICO® Scores and a 3-bureau credit report
  • Get quarterly access to your most widely used FICO® Scores
  • Credit report change alerts
  • FICO® Score analysis
Go to site More info
Experian Credit Report
Experian Credit Report
Get your credit report and FICO score for just $1 with enrollment in Experian CreditWorks credit monitoring. Cancel anytime.
  • 3 credit reports
  • Track your FICO® score
  • Easy to use dashboard
Go to site More info
TransUnionCredit Report
TransUnionCredit Report
TransUnion credit score, monitoring and identity theft insurance.
  • Unlimited updates to your TransUnion credit score
  • Up to $1,000,000 in identity theft insurance
  • Personalized debt analysis
Go to site More info
Equifax Business Credit Monitor
Equifax Business Credit Monitor
Monitor your key business relationships to protect your company from losses.
  • Bankruptcy Alert
  • Derogatory Alerts
  • New Inquiry Alert
Go to site
GoFreeCredit.com
GoFreeCredit.com
$1 for a seven-day trial to get access to your credit score and credit report from TransUnion.
  • Credit reports from all 3 bureaus
  • Email alerts when your credit report changes
  • Up to $1,000,000 in identity theft insurance
Go to site More info
Details Features
Self Lender — Credit Builder Account
Self Lender — Credit Builder Account
Savings account that helps you build credit.
  • No hard credit inquiry
  • Available in all 50 states
  • It typically takes 60 days for new accounts to appear on credit reports
Go to site More info
The Credit People
The Credit People
Professionals work with you to clean up your credit and raise your credit scores. Cancel anytime.
  • 7-day trial for $19
  • Get access to your credit reports
  • Most customers see results within 2 months
Go to site More info
CreditRepair.com
CreditRepair.com
Online credit repair service.
  • Credit report repair
  • 24/7 credit monitoring and alerts
  • Score tracker and analysis
Go to site More info
CuraDebt: Tax Debt Relief Free Consultation
CuraDebt: Tax Debt Relief Free Consultation
Debt relief professionals helping individuals and small businesses nationwide.
  • Free consultation and 100% confidential
  • 15+ years experience
  • Debt relief help for credit cards, medical bills and taxes
Go to site
The Credit Pros: Legal Credit Repair
The Credit Pros: Legal Credit Repair
Online credit repair service that gives free consultations.
  • Delete inaccurate information on your credit report
  • Practical, honest credit advice from professionals
  • Get help setting realistic, reachable credit goals
Go to site More info
Lexington Law Credit Repair
Lexington Law Credit Repair
Law firm that specializes in credit repair.
  • Remove incorrect listings from your credit file
  • Get free access to your credit report
  • Personalized credit repair services
Go to site More info
CreditFirm.net
CreditFirm.net
Professional credit repair service that can help you create a step by step action plan. Cancel anytime.
  • Free credit consultation
  • Over 15 years of credit repair experience
  • Get help optimizing your credit file
Go to site

Is TransUnion legit?

Yes. TransUnion joins Experian and Equifax in leading credit reporting within the lending industry. It reports your credit score using the VantageScore model, created jointly with the other two bureaus.

But the VantageScore it reports could differ from your FICO Score, which is more widely used among lenders and creditors.

Is there a way to get my credit score for free?

Yes. Many major credit card companies — like Discover and Capital One — have started sharing credit scores with consumers, whether they’re cardholders or not.

Customer service

Customer service from TransUnion has been reported to be frustrating. This seems to be the result of having department specific phone numbers which makes it hard to get in contact with the representative who can serve you best.

The easiest way to get started is to log in to your TransUnion account. In your dashboard, you’ll see options for managing your subscription, disputing an item on your report, freezing access to your credit history and more.

Or call TransUnion to speak with an agent:

  • Subscription questions. Call 1-855-681-3196 Monday through Thursday from 8 a.m. to midnight EST and Friday through Sunday from 8 a.m. to 8 p.m. EST.
  • Report and credit disputes. Call 1-800-916-8800 weekdays from 8 a.m. to 11 p.m. EST.

Bottom line

If you’re looking to get your finances in order over a period of time, but don’t want to spend too much, TransUnion offers a great value for the monthly subscription deal. The Credit Score Simulator can also help you find ways to improve your rating.

However, the TransUnion website wasn’t as competitive when it came to offering different tiers of services. If you were looking for the cheapest way to purchase a one-off credit score, you may want to look elsewhere.

Why is your credit score so important?

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