ATLANTA - Trans Union said Monday that it has agreed to post its credit reports on a forthcoming Web site, WorthKnowing.com.
Visitors to WorthKnow-ing.com, which was slated to launch in March but is being delayed, will be able to find information about their credit history and search for credit products.
Amid controversy over how credit scores are derived and whether consumers should have access to them, Chicago-based Trans Union recently announced plans to develop its own credit scoring system. Also, Fair, Isaac & Co., under much pressure from the lending community, finally said it would let consumers see their scores and the methodology behind them.
WorthKnowing president Krishnakumar Srinivasan said in a press release that his company "will be a trusted source for educating users about the consumer credit process while offering financial institutions an efficient way to market appropriate credit products to qualified consumers."
Trans Union said it would take a board seat and an equity position in WorthKnowing, which recently closed a round of private funding of about $1.5 million.
