TransUnion Tool for Hong Kong

By Will Wade

Published June 26, 2008, 1:00 a.m. EDT

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Updated June 26, 2008, 12:00 a.m. EDT

1 Min Read

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TransUnion LLC has started offering a consumer credit-scoring tool in Hong Kong.

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The Chicago credit bureau said Wednesday that its Personal Loan Score is the first such tool available in Hong Kong that is designed to help lenders predict performance for unsecured loans. It was developed specifically for Hong Kong, where credit data availability is still evolving, the bureau said.

Lawrence Tsong, a TransUnion managing director, said in a press release that it expects Personal Loan Score "to be the standard for credit risk assessment related to unsecured loans in the Hong Kong market."

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