Adding credit cards may lift credit score
"What we found is pretty interesting," said Ken Lin, CEO of CreditKarma.com, a San Francisco-based consumer credit company. "The more credit cards you have, the better your credit score.
Personal Finance: Credit card offers are back
Seem like you're seeing more credit card offers lately? You aren't dreaming. Targeting everyone from teenagers to 80-somethings, credit card companies are cranking out more offers, especially to those with good credit ratings.
Credit Karma Gets Even More Awesome
Credit Karma takes some of the guess work out of your credit score, and for that I will love them forever. “Well why don’t you marry it?” says my inner child. Well, if I could marry a website I might propose to Credit Karma after seeing their new Approval Odds feature. The website will take your credit information and use it to determine how likely it is that you will be approved for specific credit cards.
7 Steps to Buying a Home You Can Actually Afford
Whether they’re fleeing one of those affected neighborhoods or just trying to avoid being one of those foreclosed on, more and more people are deciding that they’d like to buy a new home (and take advantage of real estate prices and mortgage rates that are still near record lows) but do so responsibly.
Ken Lin: CEO, Credit Karma
Interview with Ken Lin, CEO of Credit Karma
Texas credit card debt down, student loans up
Texans have slowly paid down their credit cards in the last year to an average $6,631 owed in May, down from $7,827 in the same month last year, a recent report showed. CreditKarma.com said Lone Star State residents at the same time are carrying more student loan debt.
Mass. mortgage balances among highest in U.S.
Massachusetts residents are among the most credit-worthy in the country, this despite the fact that the state’s average mortgage balance is a lofty $221,671.
Americans lower debt loads, but Tennesseans see some increase
Americans have lowered their debt loads over the last year, according to a new report from CreditKarma.com. Nationally, the average mortgage debt per customer has dropped 2 percent since May 2010, to $172,957.
CreditKarma: Hawaii credit card debt drops in May
Hawaii residents lowered their credit card debt by an average of $337 in May, according to consumer credit advocate CreditKarma.com. Hawaii residents’ average credit card debt was $7,063 last month, down from April’s average debt of $7,400 and May 2010’s average of $9,006.
Credit Scores Drop Three Points; Card Debt Down 15%
U.S. consumers average credit scores dropped three points to 667 since May 2010, while credit card debt plunged by 15% to $6,740 in the same period, according to data Credit Karma released Thursday.