Credit Scores: Can You Get Them Free?
CreditKarma.com, which also relies on TransUnion data, gives you one of the same credit scores that TransUnion sells directly to consumers. In addition, it provides a report card grading consumers from A to F across seven key components affecting their scores and ranks the importance of each factor on a scale of high, medium or low.
Two places where you an get your credit scores for free
Credit Karma.com, which launched its Web site in March 2008, now has close to 1 million users who have checked out their score, according to Ken Lin, founder and CEO of the San Francisco company. "People are so worried about ID theft and their credit these days, it really helped with growth," Lin said. "Credit scores have been a very opaque process. There's been very little visibility on how it works."
Another free way to get your credit score
Now, there are two ways to get a pretty good sense of your credit score for free. First, Creditkarma.com will give you an actual credit score. I have checked my score a couple of times through this site and have found it to be accurate.
Looking over my credit stuff
I love the site. I have been on it since June and using it to track my score is nice.
Credit Score Urban Legends ? Busted!
It's a common misconception that credit scores are united in marriage, says Ken Lin, CEO of Credit Karma, a credit-score management service based in San Francisco. While you may share financial obligations in marriage, your credit scores will remain separate. But you may find that your spouse's credit habits can affect your credit score, Lin says -- with such details as whether you pay bills on time, or how much of the available balance you use on joint credit-card or joint-loan accounts...
Weak scores may limit access to credit cards
The credit card culture is changing for good, as a result of new regulations. And consumers must learn new rules when it comes to paying with plastic. "Consumers may find it's going to be much harder to get credit if they're on the margin," warned Ken Lin, CEO and founder of Credit Karma in San Francisco.
Just about any financial task is made manageable with online help
"There is a small but vocal minority that has never used credit," says Ken Lin, CEO of credit tracking Website CreditKarma.com in San Francisco. Although Lin understands some consumers' decision to totally abstain from credit card debt, he says that when used properly "credit is a fantastic convenience".
Credit card debt dips slightly in Kansas; up in Missouri
Nationwide, the average consumer carried nearly $6,800 in credit card debt in August, the Credit Karma report said. That was down $43 from July.
Unscientific Inquiry on Accuracy of Credit Karma’s Credit Score
In conclusion to my little unscientific experiment, Credit Karma's credit scores are reliable. It gives free tools. There is no need for not signing up for the service since it's free.
Clean Up Your Credit and Save $100,000
<strong>Check your credit score:</strong> I know you're itching to see where you stand, and CreditKarma.com offers instant gratification -- a free credit score without the gotchas that make other "free" score offers a pain (like the product trial you have to remember to cancel).