There are a variety of excellent credit monitoring tools available today. One service, myTransUnion, however, will no longer be available starting next week. Here’s what you need to know:
myTransUnion App Shutting Down September 7
The myTransUnion app is a valuable resource for consumers looking to freeze or unfreeze their TransUnion credit report. According to an email TransUnion is sending to current app customers, however, the credit bureau is closing the app on September 7, 2020.
While the closure of the myTransUnion app sounds worrying, members can still quickly freeze or unfreeze their credit report by logging in to the TransUnion website – including access to the bureau’s dispute center.
Related Article: How to Freeze Your Credit With TransUnion
How Does the App Work?
The myTransUnion app was an excellent way for consumers to freeze their credit scores quickly. Unlike many other credit apps, however, the myTransUnion app did not provide any additional information, such as credit score, changes to credit reports, or credit repair advice.
While there are still some apps that continue to offer this service, such as the premium version of LifeLock, these apps are fading as credit scoring applications continue to evolve.
American Express is the latest major credit card issuer to get in on the credit score app game. The issuer launched its Score Goals credit monitoring service in August. Score Goals offers many of the same perks as more established credit monitoring services, such as Credit Karma, but with the added benefit of receiving personalized recommendations to help consumers reach their credit score goals.
TransUnion is a global information company that provides credit insights and consumer credit information to businesses worldwide. TransUnion, one of the three major credit reporting bureaus (along with Equifax and Experian), seeks to provide trust between businesses and consumers. Its motto, “Information for Good”, is not only its ethos, but what drives the company every day.
Related Article: Can You Raise Your Credit Score 100 Points In a Month?
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