Tagged: transunion

TransUnion: Debt Consolidation Usually Results in Improved Credit Scores and Better Overall Credit Performance

Chicago, Illinois-based TransUnion (NYSE: TRU), a company that provides credit reports and credit scores, released a study on October 30 in which it looked at what happens when consumers take out a personal loan to pay off their credit card debt. The study revealed that… Read More

SunTrust Bank Goes Fintech with Online Lending from LightStream

Online lending is the future. Everybody knows that. It is easier, faster, and more convenient for both lender and borrower. Over the past decade or so, a good number of direct lenders, be they balance sheet, marketplace or other, have cropped up to service the… Read More

Banks Continue to Dive, While Fintechs Rise When it Comes to Consumer Lending

TransUnion (NYSE: TRU), a US consumer credit reporting agency that profiles just about every single consumer, has just published its Q4 2018 Industry Insights Report and their data holds good news for Fintechs. According to TransUnion, Fintechs continue to increase their market share of personal loans… Read More

Report: Fintech Companies Originated 36% of Total Personal Loans in 2017

This is interesting. According to a report in Bloomberg, online lending has grown impressively in the past seven years. Quoting data from TransUnion, the write states that Fintech firms originated 36% of all personal loans in 2017. This is in contrast to just under 1% in… Read More

TransUnion Agrees to Acquire Consumer Credit Bureau Callcredit For £1 Billion

TransUnion (NYSE: TRU) announced on Friday it has agreed to acquire UK-based consumer credit bureau Callcredit. The credit bureau giant reported it acquired Callcredit for the price of £1 billion. While sharing more details about the acquisition, Jim Peck, TransUnion’s President and CEO, stated: “TransUnion and Callcredit have… Read More

Nova Credit Teams Up with TransUnion to Serve Canada’s Creditworthy Newcomers: Applies Foreign Credit Score to New Home

Nova Credit, based in San Francisco and backed by Index Ventures, First Round Capital, NYCA and Core Innovation Capital, has partnered with Transunion to serve creditworthy newcomers to Canada who may otherwise miss out on credit opportunities due to a lack of Canadian credit history…. Read More

PeerIQ Launches Consumer Credit Suite

PeerIQ, a leading data and analytics platform operating in the online lending sector, recently announced it was launching a consumer credit suite, which is a fully integrated data and analytics enhancement available through the PeerIQ Analytics platform. The new suite is notably the result of… Read More

PeerIQ Closes $12 Million Series A with Backing from TransUnion, Hearst

PeerIQ Expands Into Traditional Lending Sector PeerIQ, a provider of data and analytics for the lending sector, has closed a $12 million Series A funding round, co-led by TransUnion, Hearst’s Financial Venture Fund and Macquarie Group. Existing investors Uprising and former Morgan Stanley CEO John… Read More

Loan Validation & Credit Data: Global Debt Registry Links with TransUnion

Global Debt Registry (GDR), the asset certainty company known specializing in loan validation, will be utilizing data from credit information provider TransUnion in order to extend the range of GDR’s eValidationSM services for investors and issuing creditors in the online lending industry. By combining GDR’s expertise in real validation of… Read More

TransUnion Announces: As Personal Loan Delinquency Rates Rises, Online Fraud Continues to Make Significant Contributions to the Increases

TransUnion (NYSE: TRU) announced on Tuesday its latest data found that as personal loan delinquency rates rise, online fraud, which includes loan stacking, continues to make significant contributions to these increases. The credit information and information management service company noted that serious delinquency rates (90+… Read More

Faircent Reportedly Raises Undisclosed Amount From Aarin Capital, Fund Led By Infosys’ Former CFO T.V. Mohandas Pai

Peer-to-peer lending platform Faircent has raised an undisclosed amount of funding from Aarin Capital, a fund led by Infosys’ former CFO and chairman of Manipal Global Education T.V. Mohandas Pai, according to the Economic Times’ ET Tech, citing people aware of the development. Pai will also join the… Read More

P2P Lending Marketplace Update: India’s Faircent Signs with TransUnion

Indian P2P lending marketplace Faircent.com signed data and solutions initiatives with global risk and information solutions provider TransUnion, for real-time credit appraisal of borrowers, reported the Economic Times. According to the post, Faircent is the first P2P lending marketplace to leverage TransUnion’s capability in data, analytics… Read More

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