What Credit Bureau Does Truliant Use?

Legal Expert, Paralegal
Dena Standley, BA

Dena Standley is a seasoned paralegal with more than 20 years of experience in legal research and writing, having received a certification as a Legal Assistant/Paralegal from Southern Technical College.

Edited by Hannah Locklear

Editor at SoloSuit
Hannah Locklear, BA

Hannah Locklear is SoloSuit’s Marketing and Impact Manager. With an educational background in Linguistics, Spanish, and International Development from Brigham Young University, Hannah has also worked as a legal support specialist for several years.

Summary: Truliant uses the three major credit monitoring bureaus, Experian, Equifax, and TransUnion, to check and report client information. It also uses the ChexSystems® agency to access additional banking information about potential members.

Truliant is a credit union, formally known as Truliant Federal Credit Union (TFCU). Credit Unions are member-owned, non-profit organizations that offer varied financial services similar to banks. Truliant provides credit for members and non-members, although membership affords borrowers better terms and interest rates.

Before Truliant can approve your application, it must check your credit report and score to determine whether you will likely have trouble repaying the loan. All three major credit monitoring bureaus give credit unions, and other authorized financial institutions, access to consumers' credit reports. They can also perform soft and hard pulls on your credit to pre-qualify or approve your loan application.

This article discusses why Truliant works with credit reporting bureaus, which agencies they use, and how these checks affect financial health.

Settle debt with SoloSettle

Make an Offer

Why does Truliant use credit bureaus?

As mentioned above, all financial institutions must perform a background search on anyone applying for a line of credit.

Credit reporting agencies have kept your records from the first time you used credit. These records include all accounts you have opened and closed, repayment history, defaulted accounts, and other public records, including tax liens and judgments.

Equifax, Experian, and TransUnion use software Fair Isaac Corporation (FICO) developed to determine your credit score. There are several versions of the FICO software, some basic and others designed for specified loans, such as the Auto Loans FICO Score.

You can access a free credit report annually. But consumers wishing to access their information with the score before applying for credit can do so at FICO for a fee.

Dispute errors on your credit report.

Truliant does more than provide loans and credit lines to consumers. As a credit union, it handles membership requests regularly. And according to their website, applicants must meet credit bureau and ChexSystems requirements.

ChexSystems works differently than traditional credit bureaus. It tracks information related to checking, savings, and other deposit accounts at any bank or credit union. This information lets Truliant know if a potential member can bank with the institution.

Example: Jamie lives and works in North Carolina. So she can apply for Truliant Federal Credit Union membership. Jamie has never defaulted on any loan, so she feels she will not have to go through further checks because of her excellent credit score. But Jamie soon learns Truliant must determine if applicants have a ChexSystems profile. Jamie could be in trouble if she has ever had a bounced or returned check, overdrafts, or unpaid fees.

Truliant also offers credit review services. Consumers may contact the institution to review their credit reports for errors, check their scores, and advise them on improving their creditworthiness.

Additionally, Truliant reports its clients' credit histories to the bureaus.

Does Truliant’s check affect my credit?

The institution will conduct a soft credit pull when you start the loan application process. This less detailed inquiry helps them determine which loans you may qualify for and at what interest rates. Soft inquiries do not affect your credit score.

Truliant will perform a further hard inquiry on your credit if you proceed with the loan application after this step. Such detailed investigations provide them with your entire credit history, allow them to finalize their decision regarding your application, and offer you tailored interest rates. Hard inquiries drop your score by a few points and can stay on your report for up to two years.

Hard pulls affect your credit, whether you go through with the loan or not. Therefore you should only authorize them when necessary. Check out our guide on how to raise your credit score to learn more.

ChexSystems, on the other hand, has no direct effect on your credit score. However, banks and credit unions use the information to check whether you can open an account with them. Consumers can access their ChexSystems report directly on the website or by phone at 800-428-9623. If you have unresolved issues, such as unpaid fees, pay these as soon as possible to keep your profile clean.

Like all other credit unions, Truliant may need to access members' and borrowers' credit information to qualify them for services. Truliant also reports credit histories to the major credit reporting bureaus and uses ChexSystems for anyone wanting to open a membership savings or checking account.

Are you struggling with debt, and are debt collectors on your case? Or are you facing a debt collection lawsuit? SoloSuit has the resources to beat debt collectors without hiring expensive lawyers.

What is SoloSuit?

SoloSuit makes it easy to fight debt collectors.

You can use SoloSuit to respond to a debt lawsuit, to send letters to collectors, and even to settle a debt.

SoloSuit's Answer service is a step-by-step web-app that asks you all the necessary questions to complete your Answer. Upon completion, we'll have an attorney review your document and we'll file it for you.

>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit. (We can help you in all 50 states.)

How to answer a summons for debt collection in your state

Here's a list of guides for other states.

All 50 states.

Guides on how to beat every debt collector

Being sued by a different debt collector? Were making guides on how to beat each one.

We have answers

Join our community of over 40,000 people.

You can ask your questions on the SoloSuit forum and the community will help you out. Whether you need help now are are just look for support, we're here for you.

Get Started

Win against credit card companies

Is your credit card company suing you? Learn how you can beat each one.

Going to Court for Credit Card Debt — Key Tips

How to Negotiate Credit Card Debts

How to Settle a Credit Card Debt Lawsuit — Ultimate Guide

Get answers to these FAQs

Need more info on statutes of limitations? Read our 50-state guide.

Why do debt collectors block their phone numbers?

How long do debt collectors take to respond to debt validation letters?

What are the biggest debt collector companies in the US?

Is Zombie Debt Still a Problem in 2019?

SoloSuit FAQ

If a car is repossessed, do I still owe the debt?

Is Portfolio Recovery Associates Legit?

Is There a Judgment Against Me Without my Knowledge?

Should I File Bankruptcy Before or After a Judgment?

What is a default judgment?— What do I do?

Summoned to Court for Medical Bills — What Do I Do?

What Happens If Someone Sues You and You Have No Money?

What Happens If You Never Answer Debt Collectors?

What Happens When a Debt Is Sold to a Collection Agency

What is a Stipulated Judgment?

What is the Deadline for a Defendants Answer to Avoid a Default Judgment?

Can a Judgement Creditor Take my Car?

Can I Settle a Debt After Being Served?

Can I Stop Wage Garnishment?

Can You Appeal a Default Judgement?

Do I Need a Debt Collection Defense Attorney?

Do I Need a Payday Loans Lawyer?

Do student loans go away after 7 years? — Student Loan Debt Guide

Am I Responsible for My Spouses Medical Debt?

Should I Marry Someone With Debt?

Can a Debt Collector Leave a Voicemail?

How Does Debt Assignment Work?

What Happens If a Defendant Does Not Pay a Judgment?

How Does Debt Assignment Work?

Can You Serve Someone with a Collections Lawsuit at Their Work?

What Is a Warrant in Debt?

How Many Times Can a Judgment be Renewed in Oklahoma?

Can an Eviction Be Reversed?

Does Debt Consolidation Have Risks?

What Happens If You Avoid Getting Served Court Papers?

Does Student Debt Die With You?

Can Debt Collectors Call You at Work in Texas?

How Much Do You Have to Be in Debt to File for Chapter 7?

What Is the Statute of Limitations on Debt in Washington?

How Long Does a Judgment Last?

Can Private Disability Payments Be Garnished?

Can Debt Collectors Call From Local Numbers?

Does the Fair Credit Reporting Act Work in Florida?

The Truth: Should You Never Pay a Debt Collection Agency?

Should You Communicate with a Debt Collector in Writing or by Telephone?

Do I Need a Debt Negotiator?

What Happens After a Motion for Default Is Filed?

Can a Process Server Leave a Summons Taped to My Door?

Learn More With These Additional Resources:

Need help managing your finances? Check out these resources.

How to Make a Debt Validation Letter - The Ultimate Guide

How to Make a Motion to Compel Arbitration Without an Attorney

How to Stop Wage Garnishment — Everything You Need to Know

How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)

Defending Yourself in Court Against a Debt Collector

Tips on you can to file an FDCPA lawsuit against a debt collection agency

Advice on how to answer a summons for debt collection.

Effective strategies for how to get back on track after a debt lawsuit

New Hampshire Statute of Limitations on Debt

Sample Cease and Desist Letter Against Debt Collectors

The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah

West Virginia Statute of Limitations on Debt

What debt collectors cannot do — FDCPA explained

Defending Yourself in Court Against Debt Collector

How to Liquidate Debt

Arkansas Statute of Limitations on Debt

Youre Drowning in Debt — Heres How to Swim

Help! Im Being Sued by My Debt Collector

How to Make a Motion to Vacate Judgment

How to Answer Summons for Debt Collection in Vermont

North Dakota Statute of Limitations on Debt

ClearPoint Debt Management Review

Indiana Statute of Limitations on Debt

Oregon Eviction Laws - What They Say

CuraDebt Debt Settlement Review

How to Write a Re-Aging Debt Letter

How to Appear in Court by Phone

How to Use the Doctrine of Unclean Hands

Debt Consolidation in Eugene, Oregon

Summoned to Court for Medical Bills? What to Do Next

How to Make a Debt Settlement Agreement

Received a 3-Day Eviction Notice? Heres What to Do

How to Answer a Lawsuit for Debt Collection

Tips for Leaving the Country With Unpaid Credit Card Debt

Kansas Statute of Limitations on Debt Collection

How to File in Small Claims Court in Iowa

How to File a Civil Answer in Kings County Supreme Court

Roseland Associates Debt Consolidation Review

How to Stop a Garnishment

Debt Eraser Review

Do Debt Collectors Ever Give Up?

Can They Garnish Your Wages for Credit Card Debt?

How Often Do Credit Card Companies Sue for Non-Payment?

How Long Does a Judgement Last?

How Long Before a Creditor Can Garnish Wages?

How to Beat a Bill Collector in Court

Not sued yet?

Use our Debt Validation Letter.

Out Debt Validation Letter is the best way to respond to a collection letter. Many debt collectors will simply give up after receiving it.

Let's Do It

It only takes 15 minutes.

And 50% of our customers' cases have been dismissed in the past.

"Finding yourself on the wrong side of the law unexpectedly is kinda scary. I started researching on YouTube and found SoloSuit's channel. The videos were so helpful, easy to understand and encouraging. When I reached out to SoloSuit they were on it. Very professional, impeccably prompt. Thanks for the service!" - Heather