TrueCredit is part of TransUnion; however, you still receive credit report information from all three credit bureaus. You can purchase a one-time credit score or monthly credit monitoring service. Regardless of your choice, you also receive a VantageScore credit score that can help you know how much of a risk lenders might consider you to be. TrueCredit displays sample credit reports on its website that you can look at before you purchase a report. That way, you have a good idea of what you are getting before you purchase it. Many of the other credit report services don't offer this feature.
The TrueCredit reports have information from TransUnion, Equifax and Experian. The reports all list the contact information for each of the credit reporting agencies in case you need to dispute anything. The TransUnion TrueCredit report displays your credit information from each bureau side by side so that you can easily compare the loan status, balance, credit limit and 12-month payment history. It also lists your current and previous addresses.
Each report comes with a credit score. TransUnion uses the VantageScore. This credit score model is one that the three credit bureaus developed in 2006 to compete with the FICO score. However, it and the FICO score have different number ranges. While the FICO score lands between 300 and 850, the VantageScore has a range between 501 and 990 points. The VantageScore correlates with a letter grade between A and F. Although the credit bureaus created this scoring model, the FICO score is still more widely used among lenders.
TransUnion Interactive Inc. provides the credit monitoring service. This service provides ID fraud watch, weekly credit alerts, credit report monitoring, and debt or score monitoring. As long as you are an active member, you can view your reports and scores online as often as you desire.
TrueCredit has fraud resolution services, identity theft insurance and TransUnion security freezes. You can obtain up to $25,000 in identity theft insurance. The TransUnion security freeze is an additional service that only locks down your TransUnion credit report. One-on-one dispute services are limited, and the company does not provide lost wallet assistance.
TrueCredit provides detailed information about how to dispute a discrepancy on your TransUnion report through its online dispute service. This credit report service also provides general information online in its Credit Learning Center and via the company's blog and newsletter. You can receive a separate debt analysis report with tips on how to improve your credit scores.
TrueCredit offers one-time reports as well as credit monitoring for all three credit bureaus. This credit report service only has credit freezing services for TransUnion reports. Additionally, TrueCredit uses a VantageScore credit score model, which isn't as popular as some credit score models.
You can see your credit information for all three bureaus side by side, making it easy to compare the data to verify that it is all correct.
This service doesn't come with lost wallet protection. It only offers up to $25,000 of identity theft insurance coverage.
Although its credit score model isn't as widely used and it doesn't have as many features and services as some of the other credit report services, TrueCredit provides you with data from all three credit bureaus. It will also assist you in resolving fraud and disputing errors.