I did not pay off a traffic ticket in time when I lived in Grand Junction, Colorado. This ticket made it to my TransUnion Credit Report as the following entry: DEROGATORY PUBLIC RECORD OR COLLECTION FILED (This is entry many identity theft victims will see on their credit report)
That is certainly fair enough, but I paid off the ticket over 5 years ago. The Derogatory credit history entry remains and continues to negatively influence only my TransUnion Credit Score. The Derogatory public record never became part of my Experian or Equifax credit record and has not hurt me at all with respect to home mortgages and car purchases. However, it still irks me that, 5 years later, my TransUnion Credit Score is below average for a ticket I paid off half a decade ago!!
The real intent of this post are a couple of other issues with TransUnion:
- I signed up online for the 7 day trial that TransUnion is promoting and was able to view my Credit Score which TransUnion indicated as 734. The agent for the mortgage company we are using told us that our credit score with TransUnion is 691. That is a 43 point difference! The agent stated that it is common for all 3 credit reporting bureaus to overstate your credit score. Are you getting indignant yet?? Another point to be made is that the median/average FICO credit score is 723( actually fluctuates from 718,719,720,721,722,724,725,726,727,728,729,730), so you can see the difference between 691 and 734 is quite crucial!
- If you look at TransUnion Credit Score screen shot below, you will note it is littered with advertisements from Capital One, New Car Price Quotes, Methods for erasing High Debt. Let’s see….New Car Price Quotes, applying for new credit cards, AND Methods for erasing High Debt????? WTF !! Which one of these three in incongruous? If TransUnion really gave a damn about improving your credit score, would they be advertising like this on their WebSite? Also have you ever wondered or been pissed off about how Experian, Equifax, and TransUnion profit from essentially owning your credit score? TransUnion is displaying adds for products that will likely harm your credit score! The world is upside down.