What is Creditworthiness?
Assessed by TransUnion,
Make your Creditworthiness
Recognised Globally*
Being creditworthy helps your life sail with favourable wind. TransUnion’s credit score is an assessment to quantify your creditworthiness, without further ado - let’s learn more about credit score and break down the many myths about it!
*In most developed countries
Do you know Credit Score can help?
Quantifying Your Creditworthiness With Credit Score
What is Credit Score
Long story short, credit score is a reference score to assess a person’s creditworthiness. The higher your score is, the more creditworthy you are. The credit score assessed by TransUnion (TU) ranges from 1000 - 4000 (Hong Kong); while its credit rating ranges between A and J, with A being the highest grade.
How
Is Your Credit Score
Calculated?
Your credit score is calculated based on your financial habits. Here are the 6 KEY FACTORS that affect your credit score:
In fact, credit score calculation is complex and multi-layered, done by intricate formulas and algorithms. At TransUnion, we provide precise and comprehensive service.
Get assessed by TransUnion - your creditworthiness can be quantified and vividly outlined.
TransUnion Collects Personal Credit Data Mainly Via Two Ways:
-
1. TransUnion’s members
TransUnion members (i.e. credit providers, incl. banks and financial institutions) require credit service applicants (e.g. credit card, mortgage, personal loan, etc.) to give written consent on personal data collection and disclosure. -
2. Public records and related data:
TransUnion collects personal credit data from publicly available records such as action relating to recovery of debt, judgment entered for money owed, bankruptcy and discharge of bankruptcy.
Why
TransUnion (TU)?
TU credit scores or ratings are comprehensive and advanced. With 40+ years of experience, local expertise and international insights, read more below about why TransUnion’s service stands out: