Find fast answers to questions you may have about TransUnion solutions for businesses.
What is a credit history?
Your credit history is an objective statement about your credit activity used by lenders to determine if you’re a good credit risk. It contains information reported by companies who do business with you or have granted you credit.
What information is included in my credit history?
A credit history includes several sections:
Your TransUnion Credit Report does not contain information about your medical history, race, religion or national origin.
How do lenders use a credit history?
Here’s an example of how a credit history may be used:
Does TransUnion create or change any credit data?
As an impartial third party, we do not create or change any of the information in our reports. We simply collect data from established creditors such as banks, credit unions, utility companies and telephone companies who report your payment history to TransUnion.
Our clients work hard to ensure that accurate and current information is reported and maintained in our database.
Who has access to my credit history?
You give permission to credit grantors to view your credit report when you apply for credit and you submit a credit application and consent form. Your credit report, along with other decisioning tools that they use to process credit applications, helps them decide whether or not to grant credit to you.
Who grants or denies my application for credit?
Each lender has its own criteria and procedures for granting credit. TransUnion does not make the decision to grant or deny credit.