What Credit Score Should You Have?
Based on data compiled by Credit Karma, there is a correlation between age and average credit scores, with scores rising along with age.
Zero Is Back: Why Now’s the Time to Transfer Your Credit Card Balance
Consumers who are struggling to manage debt and have impaired credit histories likely won't be able to tap these offers. In fact, applying for one without the right credit profile could even hurt your credit score -- you get dinged when you're declined for a new card. (One tool for finding a good match between your credit score and available card offers is with the card statistics search engine at CreditKarma.com.)
What Banks and Lenders Know About You From Social Media
Many Americans may be unaware that their social media conversations and posts are providing banks and lenders with a treasure trove of information. In fact, a growing number of banks and lenders are currently building a data repository – collecting, storing and analyzing data – in the hopes that one day it could help them determine your potential credit risk and also tailor marketing directly to you.
The Best Credit Cards With No Annual Fee
“There’s a tipping point where annual fees make sense,” Ken Lin, CEO of CreditKarma.com, says. He explains that credit card issuers typically profit through interchange fees charged to merchants or through the annual percentage rates (APRs) of interest applied to balances.
Want to Up Your Chances of Getting A Credit Card? Try This Tool
You fill out a credit card application, but how certain are you that you’ll be approved for a new card? A new online tool from CreditKarma.com aims to take the guesswork out of that process.
New credit score tool offers insight into getting the best credit card
There’s a certain mystery about applying for a credit card: Is your credit score good enough for the best card and rate? Just how much credit might you get if you are approved? With a new tool from CreditKarma.com, you can use information from a long list of credit card companies to find the best card for you, and figure out the one that you’re most likely to get approved for.
Scoring the Right Credit Card for You: New Tool Makes It Easier
Credit card companies know where you shop, how much you spend on average and your credit history. But what do you really know about them? CreditKarma.com's new Credit Card Statistics tool, which launched Wednesday, is the latest online widget to pull back the curtain on those lenders.
Here’s Some Identity Theft Protection You Don’t Have To Pay For
Identity theft is a crime that offers a big payout with little risk of being caught. Inherent with the Internet Age, identity theft can be perpetrated virtually anywhere on Earth, and those that are victimized can be living on the opposite side of the globe from the perpetrator.
Jerseyans’ credit card debt drops 13.5%
A report released Wednesday by CreditKarma.com, a free credit management website, shows that credit card debt nationally fell by a whopping 18 percent from August 2010 to last month. “The relative uncertainty of the current job market has forced consumers to live within their means and focus on being financially responsible,” said Kenneth Lin, CEO of CreditKarma.com.
The New Credit Score Rules
The average credit score nationwide is 666, according to CreditKarma.com. That's not only an ominous number, but can be a costly one. Based on CreditKarma.com's data, the trend amongst lenders shows that a 660 credit score is the threshold to be approved for a mortgage, auto loan and unsecured credit card. Digging deeper into consumers' credit health, nearly 40% of consumers have a credit score below 660.