TransUnion Update

If you think credit reporting is fair in this country, here is some information that I hope will make you rethink your opinion.

Goldman Sachs, the bank,  owns TransUnion, the credit reporting agency. This transaction is still in process and will likely be done by the end of the year. This transaction is reportedly for about 3 billion dollars.

Goldman Sachs is the fifth largest bank in the the US.  TransUnion is one of the top three credit reporting agencies in the US.

When you dispute a record on your credit report, do you get a fair shake? Wouldn’t a company that is owned by a bank tend to favor the banks? What do you think the chances of having a Goldman Sachs related error on your credit report removed?

Of course, we all know the answers to these questions. The consumer almost always gets the shaft. That is why it is so important to dispute issues with your credit reports. If the disputes dont give you the results you seek, as a last resort sue them. As I talk about in my other posts, there is almost always a FDCPA violation in a collection letter; This is true of a disputed credit report item. There is almost always a FCRA violation in every disputed credit report item.

The key is you have to stand up for your rights. If you don’t stand up for your rights, no one will and no one can.

We are fighting a pretty big beast when you are up against the fifth largest bank in the US. The consumer can win because the laws are on your side if you just take the time to learn them and use them. Learning and using the FCRA is not a monumental task. Let me know what I can do to assist you.

Fight the essential fight,



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