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. The Mailing Address for TransUnion is TransUnion, PO box 2000, Chester PA 19022-2000
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.
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.