Intuit Credit Karma
"Building credit isn't the same as building a large balance," Ken Lin, CEO of Credit Karma.com, says. Don't make the mistake many credit beginners make by opening a store credit card at every retailer visited during Christmastime, for example.
[Includes Video] I recently discovered, and fell in love with, CreditKarma.com. They tell you your credit score free of charge and will email it to you monthly.
Credit Karma helps more than 2 million consumers realize the everyday cost savings of having a good credit score. Here are some of the dangerously reliable cash windfalls, and why you should not count on them.
CreditKarma CEO Ken Lin says that even though the scores are highly correlated with FICO scores, some may still be off by 100 to 150 points.
Credit Karma is free, easy to use and rather than always having to sign up for free trials and cancel them, this is a perfect tool to utilize in following the progress of your credit.
According to Ken Lin, CEO of Credit Karma, "if you are within your means and in the right credit range, a car loan or mortgage is actually a great thing for your credit..."
According to a report from CreditKarma.com, Credit scores throughout the country have fallen two points in the first quarter to 665 and California still has the best credit score in the nation.
Alabama is one of nine states where average residents have fair to poor credit scores, according to a report from CreditKarma.com.
A password is your first defense against hackers, so make sure all your mobile payment applications are protected by one. And steer clear of obvious passwords, such as your birth date or the word "password," says Ken Lin, CEO of Credit Karma.
Less consumer skepticism means we will see more opportunities for direct-to-consumer models like credit-score tracking service CreditKarma that are a win for both consumers and financial institutions.