credit_score_trans_union by MaggieMills1


									Honesty, Experience, and Relationship—That is What Trans Union is in
Credit Score Management and Information

Are you having trouble getting your loan application approved?

Probably you are one of the millions of individuals who are having
trouble getting their loan application approved. They have complied with
the requirements and submitted necessary documents, yet they always got a
negative response from the application division of the lending company.

What have gone wrong?

Yes, you have complied with the necessary requirements and submitted
necessary documents, yet you forgot something which is very vital in
getting your loan application approved—your credit score.

Many individuals find themselves getting rejected every time they apply
for a loan (such as a home equity loan or an auto loan) because they are
not aware of their credit score, or worse, do not know what credit score
is at all. They tend to deal with something which they do not understand
what they are really dealing with, thus they get caught in the pitfalls
of rejection. It is important that you know what credit score is and how
vital it is in your loan application. As many say, start with the basics
to get rid of the complexities.

A credit score is used to determine whether you are a credit risk or not.
It is one of the major factors that will initially determine whether your
loan applications would be accepted or rejected. It possesses every inch
of details with regards to your credit experiences, such as the loans
that you have previously availed, any late payments that you have made,
and existing debts that you failed to pay prior to your present loan
application. In other words, this will serve as your “grade” whether you
passed or failed in a certain subject.

Your credit score is recorded in your credit report, which is one of the
requirements when applying for a loan. It is divided into 4 main
sections, which is as follows:

•     General information, such as your present address, date of birth,
contact numbers, driver’s license number, and your employer’s name.
•     Personal history, which contains information about your personal
•     Public records, which contains financial data such as any judgments
from county courts, defaults, or bankruptcy.
•     Inquiries, which includes list of individuals or groups who have
requested for your credit report.

You can obtain copies of your credit score from 3 major credit reporting
agencies. One of which is the Trans Union, which is one of the global
leaders in terms of credit information and management. Since Trans Union
was founded in 1968, they have worked with various businesses and
individuals to gather, evaluate, and deliver the critical information
needed to create strong economies around the world. As a result,
businesses are now managed effectively, resulting to better client
relationship. Individuals now understand and manage their credit
effectively, thus achieving their financial goals.

Serving more than 30 countries in 6 continents around the world, Trans
Union developed local relationship among different nationalities, using
the expertise of its manpower in terms of credit management and offering
services to individuals who are having a hard time managing their credit

Managing your credit means managing your life as a whole. For Trans
Union, credit score is not a subject that should be taken for granted. In
fact, it should be one of the top priorities of every individual who
prefer credit solutions to their financial needs. Thus, if you want to
have that great financial potential and have an access to loans with
affordable interest payments and incredible terms of conditions, trust
Trans Union.

Honesty, experience, and relationship. Those are the 3 values that made
Trans Union a leader in credit management and information.

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