What is TransUnion® reporting and why does it matter?

Did you know that there are different credit bureaus and each one has their own credit report? Good news is that Kikoff reports to all three credit bureaus: Equifax, Experian, and TransUnion. This means you’ll have a more comprehensive credit reporting and helps you more easily identify factors that affect your credit ranking.

What is TransUnion?

TransUnion is one of the major credit bureaus that provides credit information in the form of credit reports, to lenders and creditors to help them determine your creditworthiness. The other two credit bureaus are Equifax and Experian

What is on a TransUnion credit report?

Everyone’s TransUnion credit report will look different depending on your credit history. But your credit report should have:

  1. Your personal information such as your name, address, phone number, Social Security number, and date of birth. Make sure that this is up to date. 
  2. Next will be your credit account data. This includes accounts, such as credit cards, loans, and mortgages. Review each account to ensure that the information is accurate, including the account balance, credit limit, and payment history.
  3. Any hard and soft credit inquiries. Hard inquiries might be triggered by new credit or loan applications. Soft inquiries will be triggered by rent and your Kikoff application. Soft inquiries should not negatively affect your credit.    

What’s the difference between Equifax vs Experian vs TransUnion?

Though all 3 agencies provide the same essential service, information reported by each bureau can differ. Some items can show on one report and be omitted on another. Credit reports from all 3 bureaus also might have different scores. Credit scores can be calculated differently.

Why does 3 bureau credit reporting benefit you?

  1. Comprehensive Credit Profile: Lenders and creditors may use data from any of the three credit bureaus when making lending decisions. By having positive payment history reported to all three bureaus, individuals ensure that their credit profile is comprehensive and reflective of their responsible financial behavior across different lenders.
  2. Increased Lending Opportunities: Lenders and creditors may prefer to review credit reports from multiple bureaus to assess an individual’s creditworthiness. Furnishing positive payments to all three major credit bureaus increases the chances of being approved for credit products and may result in better loan terms and interest rates.
  3. Error Identification and Correction: Monitoring credit reports from all three bureaus allows individuals to identify any discrepancies or errors in their credit history more effectively. By ensuring that positive payments are reported accurately to all bureaus, individuals can take timely action to correct any inaccuracies that may negatively affect their credit profiles.

What credit bureaus does Kikoff report to? 

Kikoff reports to all 3 major credit bureaus: Equifax, Experian, and TransUnion. 

  • Credit Account reports to Equifax, Experian, and TransUnion.
  • The Secured Credit Card (optional add-on) reports to Equifax, Experian and TransUnion. We require a minimum deposit of $50 required to be reported.

You’ll be able to access all three credit reports if you sign up for either the Kikoff Premium or Ultimate Plan.

The information provided in this blog post is meant for informational purposes only and does not constitute financial advice. Kikoff Inc. is a financial technology company and not a bank. The Kikoff Secured Credit Card is issued by Coastal Community Bank, Member FDIC. Terms and conditions apply & individual results may vary. Make consistent on-time payments to maximize credit building potential.  Credit factors outside Kikoff, like other account balances or delinquencies, can have an impact on credit building progress.  Subject to approval via identity verifications and subject to terms and conditions. Kikoff Credit Account reported line of credit intended exclusively for credit building purposes & can be used to finance the purchase of monthly Credit Service plans and/or digital educational material via the Kikoff Store. For more information, visit our Terms and Conditions and Privacy Policy. We report to the major credit bureaus: Equifax, Experian, and TransUnion. Features, tradelines, bureau reporting, & pricing may vary depending on plan purchased. This post may contain marketing messages and advertisements in compliance with the CAN-SPAM Act. Please refer to our Secured Card and Credit Account Terms for detailed product disclaimers.

Other articles

Credit utilization, or the amount of credit used, greatly impacts your score—keeping it below 30% is ideal. Avoid myths like carrying balances to build credit faster. Pay in full and focus on strategies like the Snowball or Avalanche methods to manage debt effectively and improve financial health.