A consumer statement is when you attach an explanation for lenders to see on your report.
The statement you attach to your credit report can be used to explain why you might have a few late payments on your record, for example.
A statement added to your credit report is visible to providers that receive a complete copy or complete a hard inquiry of your credit report. This gives you a chance to explain something that might affect a lender's consideration of your credit application.
This information can remain on your report for 6 years or until you request for it to be removed. You can request this by contacting TransUnion directly.