Sep 27, 2021

Medical debt rises throughout the pandemic in the U.S., is it only going to get worse?

Credit Karma members in the U.S. hold $48.6 billion of medical debt in collections. Since the start of the pandemic, we’ve seen Credit Karma members in the U.S. take on an additional $3.6 billion in medical debt collections. Medical debt makes up about 44% of members’ total collections debt. Medical expenses are a leading cause […]

Sep 9, 2021

Buy now pay later surges throughout pandemic, consumers’ credit takes a hit

44% of respondents have used buy now, pay later services to acquire an item they needed.  Of those who have used BNPL services, 34% have fallen behind on one or more payments. 72% of those who fell behind on at least one payment said they believe their credit score declined as a result of missing […]

Aug 31, 2021

Credit Karma welcomes Team Bitmatica!

Building on the success/momentum of Credit Karma’s first-of-its-kind enterprise platform, Lightbox, we are pleased to announce our hiring of the team at Bitmatica, who have been already helping us with the backend platform powering Lightbox for nearly 4 years. Lightbox allows lenders to leverage thousands of de-identified data points from Credit Karma members to help […]

Aug 12, 2021

Pandemic Spurs ‘Great Resignation’, can Americans afford it?

41% of employed respondents are considering leaving their job within the next six months. More than half of employed respondents who are thinking about leaving their jobs in the next six months are financially prepared to do so — 28% are not. 34% of employed respondents say they’d accept a job that pays less than […]

Jun 15, 2021

Unemployment benefits set to end early in many states, are Americans financially prepared?

Majority of Americans feel financially stable right now, despite COVID Many Americans were able to save during the pandemic, even more plan to save this summer Despite positive savings habits, many Americans look to make up for lost time and “treat themselves” this summer Pandemic-related unemployment benefits will soon end in at least 25 states, […]

Dec 7, 2020

Paving the way for a more equitable financial future for all.

Mission  Credit Karma was founded in 2007 with the mission of championing financial progress for all. To achieve this mission, we must proactively work to deconstruct the inequalities that exist within the financial services industry to pave the way for a better, more equitable financial future for all.   Credit Karma’s Commitment to diversity, equity and […]

Jun 3, 2020

Apathy is Dangerous

The below message was originally sent to Credit Karma employees on May 31, 2020. Fellow Karmanauts, Like many of you, I was horrified over the senseless killing of George Floyd, Ahmaud Arbery, Breonna Taylor and the countless others before them. I understand the rage. From the disgusting abuse of human beings, the fear of reprisal […]

Jun 3, 2020

Unlock your home buying power

Begin the journey to your dream home Homeownership is often considered the key to achieving the American Dream, and is often regarded as a measure of adulthood. Yet many Credit Karma members are either not qualified or don’t think they’ll ever be able to afford a home. In fact, more than 65 million of our […]