Simply put, it is an individual's credit history. The database collects your information from members such as banks and other financial companies, then disperse said information to other banks and lending institutions to review your loan or credit application. You will have a credit report if you are a holder of any credit account, whether a credit card or a loan.This contains your personal background, credit information, and financial habits. The data is filtered and calculated to generate a score.Suppose you apply for a loan in the future; your TransUnion credit report will be requested and used as a reference alongside other information to decide whether your application is approved.
Taking Ownership of Possibilities,
“iFi” believes in all “iF...i”
We can all achieve financial freedom under the right circumstances if we plan in advance, find appropriate support at an early stage, and fulfill a series of different conditions and criteria.
But without actual action, all of these "ifs" will remain assumptions and assumptions only. At iFi, we want to ensure they become a reality by providing bespoke products and dedicated assistance to our customers as partners on each person's journey toward financial freedom.iF i...
iFi TransUnion Revival Plan
Financial freedom begins with solidifying your TransUnion credit rating. Leverage the help of dedicated staff to develop a bespoke plan based on your credit report to resolve liquidity issues and clear debt while improving your TransUnion credit rating to optimal levels.
Your TransUnion Revival takes only two steps!
1. Credit Report Analyses by Dedicated Staff - A Deep Dive into Your Current Financial Predicament. Each individual's situation may vary; please discuss with our staff for details. This exercise helps you understand your credit rating and establish a habit of reviewing your financial standing regularly so that adjustments can be made and fraudulent activity can be flagged in a timely manner.
2. Setting up a Repayment Plan - A Completely Bespoke Plan that Suits Your Needs.
Consolidate your debt for flexible and stress-free repayment while improving your credit rating.
Inquire for more details and take the first step to restore your TransUnion Credit Rating.
TU
TU Mechanism
The database tracks your personal data, credit account information that includes current credit usage and repayment history, and public records such as relevant lawsuits, bankruptcy, and liquidations.It also lists the members who reviewed your credit report within the last two years.Your credit report also includes credit score, repayment history, total balance, credit history duration, credit account type, and newly opened credit accounts, all of which contribute to your score. The scores are divided into 10 grades - A to J, with A being the highest.A credit portfolio consists of different types of credit, such as credit cards and mortgages.The number of accounts you hold will also affect your rating, and a minimum of six months of credit activity is required to sufficiently calculate a score. As your credit history extends, your score will adjust based on your repayment habits.
Negative Impact of Sub-Optimal TU Credit Rating
Repayment history is the key influential factor in your credit rating. All negative credit history such as bad financial activities, late repayment records and lawsuits will stay on your credit report for at least five years. Late repayments or accumulated significant debt will be reflected on your credit report. Poor credit history could cause higher interest rates or rejection on loan application from banks and other lending institutions, and thus lower opportunity to apply for any form of credit in the future, including personal loans, mortgages, and credit cards.
To Improve Your TU Credit Rating
Credit reports and credit ratings reflect your overall credit history. Avoid borrowing what you cannot afford to repay, frequent loan applications, delayed or late repayments, bankruptcy declarations, and circumstances where you face debt collection. iFi by Master Finance is not a member of the credit database and can therefore offer flexibility in approvals without being hindered by low credit scores. All loans are strictly confidential and off-the-record, which can quickly help improve your TransUnion credit rating when appropriately utilized, assisting individuals with low credit ratings to turn things around and providing people with bad credit records with an opportunity to secure loans at better interest rates at other financial institutions.
Positive Impact of Optimal TU Credit Rating
Credit ratings can affect many vital decisions in our daily lives. With an optimal rating, approval is easier and more expedient when applying for credit, and interest rates are better.Conversely, if the rating is poor, banks and financial institutions may charge higher interest rates or even reject loan applications. In addition, it is increasingly common for companies and employers to check job applicants' credit reports and ratings during recruitment to evaluate their financial responsibility.Therefore, it is essential to have good standing regarding your credit record for the best possible career opportunities.