The existence of an individual's updated credit file makes it possible for businesses to make nearly instantaneous, objective credit and insurance decisions. Processes that formerly took days or weeks may now be completed in minutes without question of personal prejudice or subjective judgment.
Our database also gives consumers more choices. It makes it possible for credit card issuers and other businesses to target their offers so consumers may shop for the best products and terms. Ready access to current credit information makes the modern consumer economy possible.
TransUnion recognizes there is a balance between the ready availability of credit information, which benefits consumers, and improper access that can infringe on consumer expectations of privacy. Consumers appreciate the benefits they derive from the consumer credit reporting system, as long as those benefits are not outweighed by the potential harm caused if personal information is used improperly.
Read more about the guidelines that help us manage the availability of information.
