TransUnion announced a significant update to its credit scoring system, expanding the range from the current maximum of 710 to 999. The change, set to take effect on credit-monitoring platforms and apps in late September, also introduces new names and ranges for its five credit score categories. Notably, the “very poor” designation will be replaced with “very low.”

The credit bureau said the revised scoring model is designed to provide a more nuanced view of consumers' borrowing and repayment behaviors. By broadening the scale, TransUnion aims to better differentiate between individuals with poor credit histories and those who have limited credit experience.

James Robinson of TransUnion explained that the updated score will consider a wider range of financial behaviors over time, rather than relying on a single snapshot. According to the company, these enhancements will help reduce confusion for consumers trying to understand their credit standing.

TransUnion confirmed that the changes will not impact how credit applications for products such as credit cards, loans, or mortgages are assessed. The adjustment is primarily intended to offer consumers a more detailed and clearer picture of their credit management.