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TransUnion (Trans Union, LLC) is the third largest consumer credit reporting
agency in the United States, which offers credit-related information to
potential creditors. Like major competitors Equifax and Experian; TransUnion
markets credit reports directly to consumers.
TransUnion was created in 1968 by Union Tank Car Company as their holding
company. Its credit business began with the purchase of Credit Bureau of Cook
County (CBCC) in 1969. Trans Union was built from acquisitions of major city
credit bureaus, with service agreements with local owners of bureaus which were
not for sale. Today it operates 250 offices in the U.S. and in 24 other
countries. It is based in Chicago, Illinois.
TransUnion was a subsidiary of The Marmon Group until January 2005 and is now an
independent, privately held company.
In 2003, Judy Thomas of Klamath Falls, Oregon, was awarded $5.3 million in a
suit against TransUnion. The award was made on the grounds that it took her six
years to get TransUnion to remove report.1
In 2006, after spending two years trying to correct erroneous credit information
due to identity theft, a fraud victim named Sloan filed suit against all three
of the largest credit agencies. TransUnion and Experian settled out of court for
an undisclosed amount. In Sloan v. Equifax, a jury awarded Sloan $351,000. "She
wrote letters. She called them. They saw the problem. They just didn't fix it,"
said attorney A. Hugo Blankingship III of Blankingship & Associates in
Alexandria, Virginia.2
1. Block, Sandra. "Fixing errors in credit report is no small task", USA Today,
2005-08-27
2. Baldas, Tresa. "Consumer Lawsuits Against Credit Bureaus Are Multiplying",
The National Law Journal, 2006-08-16.
TransUnion
PO box 2000
Chester PA 19022-2000
http://www.transunion.com
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