Then Available: TransUnion, LLC – Mergers & Acquisitions (M&A), Partnerships

Now Available: TransUnion, LLC – Mergers & Acquisitions (M&A), Partnerships
Boston, MA — (SBWIRE) — 07/10/2014 — The TransUnion, LLC Mergers & Acquisitions (M&A), Partnerships & Alliances plus Investments report involves company description, detailed reports about mergers plus acquisitions (M&A), divestments, capital raisings, …
Read more about DigitalJournal.com

Free credit scores: Assist or hindrance?
employ VantageScore, developed by credit rating bureaus Experian, Equifax plus TransUnion. However others compute scores by using a single credit bureau. FICO plus TransUnion's New Account Score ranges from 300 to 850; Vantage, from 501 to 990; …
Read more about MSN Money

Landlords Can Then Report Rent Payments To Credit Bureaus


Chicago, IL (PRWEB) July 09, 2014

Two of the nation’s leading credit reporting bureaus, Experian plus TransUnion, are today offering possible house customers a modern benefit whenever applying for a mortgage. This really is advantageous information for Federal Savings Bank candidates!

Credit scores, that are a determining element for a cheap mortgage approval, will today include information regarding lease repayments whenever they are ordered within the 2 bureaus. Previously, lease was amidst a lengthy list of repayments which had no impact on credit, including Internet, cable plus electricity bills. Then, renters that want to obtain financing for a house have another avenue to improve their financial rating.

If you’re thinking how much of a powerful lease payment could wear a credit score, TransUnion mentioned at the National Apartment Association’s Education Conference plus Exposition inside Denver which regarding 80 % of subprime borrowers, that have a VantageScore 2.0 credit score of lower than 641 about a scale from 501 to 990, saw an increase for their rating only 1 month into their hot apartment rent. Additionally, virtually 41 % saw a rise of at smallest 10 points throughout which time.

Giving renters a new advantage

The Federal Savings Bank finds it good which the reporting of lease repayments can be done from TransUnion’s ResidentCredit program, that is accessible at no-cost to landlords.

“Despite millions more renters, many rental payment histories are not offered to credit bureaus, plus renters seeking to better their credit standing cannot do thus,” mentioned Tim Martin, executive vice president at TransUnion. “To which end, TransUnion is introducing ResidentCredit, a newly-expanded service which encourages property managers to report the payment performance of their apartment citizens.”

Experian’s program is known as RentBureau. It changes each 24 hours by collecting information from electronic lease payment services plus property administration businesses. This enables on-time payment history to be reflected inside a credit report plus certain credit scores.

Greater access to loans

Many possible first-time house customers are stuck inside the rental marketplace due to a credit history which doesn’t provide the full pic. This is incredibly true for people with student financing whom can be generating on-time lease repayments however, have a big amount of great debt. If they were homeowners, they might have more affordable monthly housing bills plus build credit by continuing to pay their bills by the due date. Yet, the credit barriers for you to get a mortgage create this objective harder to achieve. The brand-new reporting choices provided by TransUnion plus Experian provide possible borrowers another method to reflect their creditworthiness, that is beneficial for any financial product which demands a advantageous credit score for approval.

“We believe reporting rental payment performance is merely the appropriate thing to do for apartment citizens as well as the apartment rental industry,” Martin mentioned. “Renters can build positive credit history, gain access to more financial items, plus many importantly, assist them recover within the housing marketplace crash.”

And the extended reporting doesn’t stop there. According to the Washington Post, Experian mentioned it really is searching into techniques to include utilities plus cable payments into credit reports.

Contact the Federal Savings Bank, a veteran owned bank, for information regarding the way you could qualify for very first time house buyer financing.







Related Experian Press Releases

CreditRepair.com Launches College Scholarship Program


SEATTLE, WA (PRWEB) June 25, 2014

CreditRepair.com, a leading provider of credit report repair services, today launched a “CreditRepair.com Scholarship Fund” to benefit qualifying students. The company has pledged to provide six scholarship awards per year. Awards from the fund are available to U.S. students who write winning essays describing what a good credit score is and what it means for their future success.

“CreditRepair.com has assisted thousands of consumers in finding effective solutions to reclaim their credit scores and reports,” said Scott Smith, president of CreditRepair.com. “We understand that building a solid understanding of credit reports and scores during ones college years is important.”

CreditRepair.com will award its first three scholarships in September in time for the 2014 fall semester. Scholarships will be awarded in the following three categories: Credit Vision Award for $ 3000, Credit Education Award for $ 1500, and the Credit Awareness Award for $ 500.

“CreditRepair.com is proud to support programs such as these,” said Smith. “We saw a chance to provide opportunities to students who are working their way through college and taking a smart approach to using credit. If we can help these students out and get them thinking about their credit scores and credit reports early in the game, then we have done what we set out to do.”

The award is open to any currently enrolled full-time student of an accredited US university or college with a cumulative GPA of at least 2.5. There is no age requirement for the award. The application deadline for the 2014 fall semester is Sunday, August 31, 2014 at midnight. The next award recipient will be announced on Monday, September 8, 2014.

For more information, and submission guidelines for the CreditRepair.com Scholarship Fund, please visit: https://www.creditrepair.com/#scholarship.

###

About CreditRepair.com

For more than a decade, CreditRepair.com has assisted thousands of consumers with effective solutions for reclaiming their credit scores and reports. CreditRepair.com works to ensure that what creditors report to credit bureaus is substantiated, fair and accurate. For details about CreditRepair.com’s simple 3-step process, visit: http://www.creditrepair.com.







More Credit Bureaus Press Releases