TransUnion Offers Free Access of Credit Data

HONG KONG, April 11, 2017 /PRNewswire/ -- TransUnion (NYSE: TRU) today announced it will offer consumers a seven-day free trial beginning in April 2017 to celebrate the launch of Debt Analysis and Score Trending, new features designed to educate Hong Kongers about credit.

Recognizing a need for better credit comprehension and management, TransUnion, a global leader in information and risk management, has enhanced features included with its subscription product that give consumers context around their credit report, clear direction for improving scores and more.

From now on, consumers can experience unlimited access to their credit data for free as part of a seven-day trial.

"We are pleased to offer this free trial to Hong Kong people," said Lawrence Lo, Director, Consumer Interactive for TransUnion Hong Kong. "Credit scoring plays a critical role in our major life decisions, from securing a job to buying a home. With our mission of 'Information for Good', we believe our service can provide practical information for users to make their life-changing decisions better and smarter."

The features build upon TransUnion credit report service, providing consumers with a credit score and summarizing an individual's credit history and activities. It measures borrower riskiness, which is commonly used by banks and financial institutions in Hong Kong and across the globe when evaluating credit applications and lending conditions, such as interest rates and repayment terms, be it for credit cards, personal loans or even mortgages.

Features of free trial include:

• Credit Score & Score Factors. Credit Score ranges between A and J, where A is the highest score. It is a snapshot of your financial status. Score Factors provides a summary of the rationale behind your credit score. It gives users direction on how to improve their score going forward, providing valuable tips for maintaining credit health around the clock.
• Debt Analysis. Users can enjoy a detailed view of their current debt to better understand where they stand in their credit. By entering the monthly income and expenses, TransUnion will calculate the debt-to-income (DTI) ratio for users to conveniently manage their budget. Debt Analysis captures and synchronizes the debt record listed in the credit report whenever they refresh the credit data.
• Score Trending. As credit score changes over time, Score Trending helps to monitor how users' credit has progressed throughout the year once activated. It is a powerful tool to assess flaws within the history and how to improve upon them.
• Credit Alerts. TransUnion's Credit Alerts feature warns users whenever there are changes to their credit accounts so they can react immediately whenever anything suspicious occurs, thereby mitigating the potential damage done by identity thieves.

"We strongly advise all Hong Kongers to check their credit score frequently and regularly as everyone has the responsibility to understand their own credit status as part of successful financial management," said Mr. Lo. "One should also see this as a financial health check in case the credit score is incorrectly presented which might have consequences for lending capability. We hope this free trial campaign can bring more public attention to the importance of maintaining credit health."

You can learn more about the features and how to enroll in a free trial by visiting transunion.hk.

About TransUnion (NYSE: TRU)

Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.

We call this Information for Good.  transunion.hk

For more information, please contact:

Weber Shandwick Hong Kong
Juliana Li / Winky Chow
jli2@webershandwick.com / wchow@webershandwick.com
2533 9973 / 2533 9923