TransUnion Introduces Child Support Solutions at a Time When More than Half of Custodial Parents are Not Receiving Full Payme...
August 13 2019 - 6:00AM
Securing child support payments can be a difficult task for
custodial parents. In fact, a U.S. Census Bureau report from 2018
found that less than half of custodial parents received full child
support payments. In an effort to increase these payments without
relying solely on enforcement, TransUnion (NYSE: TRU) today is
launching its Child Support Solutions.
TransUnion Child Support Solutions help state child support
offices detect whether or not a non-custodial parent’s financial
situation is worsening or if that individual may have a new ability
to make payments. Additionally, the solutions provide location,
address and contact information for finding non-custodial
parents.
The solutions are unique to the market because they allow state
offices access to data all in one place. TransUnion is also the
only provider offering automated monitoring, providing
notifications when new contact information, employment data or
tradelines appear.
“Part of our mission at TransUnion is to help children by
encouraging support from non-custodial parents. We know early
interventions can strengthen results – and families,” said Jonathan
McDonald, executive vice president of TransUnion’s public sector
business unit. “A recent U.S. Census Bureau report found that
custodial parents only received 60% of an expected $33.7 billion in
child support payments. We expect this percentage of payments will
increase significantly if more organizations leverage the power of
our solutions.”
The Child Support Solutions leverage information generated from
TransUnion’s CreditVision® trended credit reports and scores as
well as TLOxp® — the proven search and locate tool. “Using the
power of the combined offerings in one automated, easy-to-use
interface, gives child support office administrators the ability to
help families immediately,” added McDonald.
TransUnion will be featuring its Child Support Solutions during
the 2019 NCSEA Leadership Symposium in Minneapolis, a conference
dedicated to developing leadership in the child support community.
For more information about TransUnion Child Support Solutions
please click here. Access a video about the power of the solutions
here.
About TransUnion (NYSE: TRU)
Information is a powerful thing. At TransUnion, we realize that.
We are dedicated to finding innovative ways information can be used
to help individuals make better and smarter decisions. We help
uncover unique stories, trends and insights behind each data point,
using historical information as well as alternative data sources.
This allows a variety of markets and businesses to better manage
risk and consumers to better manage their credit, personal
information and identity. Today, TransUnion has a global presence
in more than 30 countries and a leading presence in several
international markets across North America, Africa, Europe, Latin
America and Asia. Through the power of information, TransUnion is
working to build stronger economies and families and safer
communities worldwide.
We call this Information for Good.®
https://www.transunion.com/publicsector
Contact |
Dave Blumberg |
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TransUnion |
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E-mail |
david.blumberg@transunion.com |
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Telephone |
312-972-6646 |
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