How does TransUnion collect my credit data?
TransUnion collects personal credit data mainly via the two ways below:
- TransUnion’s members (i.e. credit providers, including banks and financial institutions):
When there is an application to a TransUnion member for credit services (e.g. credit card, mortgage, personal loans, etc.), the TransUnion member will require the applicant to give written consent on its providing the applicant’s credit information to TransUnion (as a credit reference agency), including data of credit card, personal loan, hire purchase, mortgage, etc.
- Public records and related data:
TransUnion collects personal credit data from publicly available records, for instance, public information relating to action for recovery of debt, judgments for monies owed, bankruptcy and bankruptcy discharge.
For more information about data collected and retained by TransUnion, please visit FAQs.