TransUnion is one of the three major Credit Reporting Agencies in the United States of America which also operates internationally. It is the third largest consumer reporting agency in the United States and was created in 1968 by the United Tank Car Company. It purchased the credit bureau of Cook County in 1969 and started operating as a credit reporting agency. It now operates in more than twenty five countries and in five continents across the world.
A credit bureau has a pivotal role to play as far as credit reports and credit ratings are concerned. The three biggest credit bureaus in the United States are Equifax, TransUnion, and Experian. These bureaus collect information about a person’s previous financial dealing from landlords, lenders, banks, and other financial institutions. Numerous other smaller agencies are also affiliated with these bureaus and give them monthly reports about your financial dealings with lenders.
Merged credit reports are those that have information from all the three credit bureaus Experian, Equifax, and TransUnion. The need for a merged credit report arises because the information collected by the three credit bureaus may differ slightly. The credit score and the history will differ from one credit bureaus report to another. Therefore even lenders or creditors tend to favor a merged credit report rather than relying on only one report.
