Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
50% - Moderately


Synonyms:credit bureau, credit report
Acronyms &
Notes:See TransUnion Canada.
Filed Under: companies-associations, financial-banking, mortgages
Tags: credit rating

Definition of TransUnion (TU)

TransUnion (TU)
1. One of the major credit bureau companies in Canada along with Equifax.

Related Terms and Acronyms:

  • bad credit   Someone who carries a higher credit risk.
  • credit rating (CR)   A judgement of a person's ability to repay debts. The rating is often based on a person's current and projected income and past debt payment history. Also called a credit score.
      ➥  A metric to measure the credit worthiness of a debtor.
  • credit report (CR)   A report on a loan applicant's willingness and ability to make payments in a timely manner in the past. This report is provided to the bank by an outside agency.
      ➥  A report that outlines the credit worthiness of an individual or entity.
  • Equifax (EF)   A major credit bureau company in Canada along with Trans Union.
  • Experian (XP)   One of the Big Three credit bureaus, along with Equifax and Trans Union, Experian not normally used in Canada.
  • good credit   Someone who carries little credit risk.
  • merged credit report   A summary of one's credit history from the big two credit bureaus: Equifax and Trans Union.

Search the Glossary

Easy-to-Use Mortgage Calculator
When Canadians buy their homes, they'll renew on average four times before the house is completely paid off. Want to see what your balance is at the end of your mortgage term? Just use our mortgage calculator to find out.
Pen On Calculator
Mortgage Rates
Getting a low mortgage rate can mean the difference between you buying your dream home and... just a house. Look no further, apply today and get a great rate on your mortgage.
Mortgage Rates
Compare Today's Best Rates
We have nothing to hide and that's why we post all of Canada's current mortgage rates for you to compare. We strive to maintain our spot at the top of that list each and every day with the best mortgage rate available.
Compare Rates