If your credit application (including credit cards, loans, or mortgage applications) is rejected by a financial institution that has accessed your credit data through TransUnion, you will receive a rejection letter. You can follow the instructions in the letter to request a free credit report.
Your credit report will include the following information:
Category | Example |
---|---|
Personal Information | Name, ID number, date of birth, address |
Credit Account Details | Credit usage and repayment records |
Public Records | Debt collection, bankruptcy, and liquidation cases |
Inquiry Records | Records of TransUnion member inquiries over the past 2 years |
Credit Score | A summary score reflecting your credit status, graded from A to J across 10 levels |
The credit score provides a quick overview of your creditworthiness, with grades ranging from A to J, where A is the highest. Banks and financial institutions update your credit account records with TransUnion every month, which can cause changes to your credit score.