A reader sent me a message regarding HSBC not reporting their credit card information to TransUnion, originally I thought this was some sort of mistake but the message from HSBC clearly stated that they do not report information to TransUnion and only report to Equifax, Experian & Innovis. After some additional research I found that HSBC stopped reporting data to TransUnion in August, 2016.
The implications for this are fairly minor, most people don’t have a HSBC credit card and it not reporting to TransUnion isn’t a huge deal anyway but I did think it was interesting. I have no idea why HSBC made this decision, do any readers have any insight about why this might be the case?
Hat tip to reader Andrew D