TransUnion

TransUnion is a consumer credit reporting agency that collects and maintains credit information about individuals and businesses. It compiles data from various sources to create credit reports, which lenders use to assess creditworthiness when deciding whether to approve loans or credit applications. TransUnion also provides services like identity theft protection and credit score monitoring. By helping consumers understand their credit status, TransUnion plays a crucial role in the financial system, influencing borrowing decisions and promoting responsible credit usage.