Creditkarma.com: Hawaii consumers shedding debt
Hawaii consumers decreased credit card debt by 8 percent in August, according to the credit advocate Creditkarma.com.
How does your credit score, debt compare?
Arkansas has the lowest credit score at 640, according to Ken Lin, president of Credit Karma. The San Francisco-based company tracks financial data and offers advice.
CreditKarma: Kansas City consumers cut debt, improve credit scores in August
[Kansas City] Metro-area credit scores improved to 683 last month, up three points from January, according to San Francisco-based CreditKarma.com's U.S. Credit Score Climate Report.
Debt down, but so are credit scores
San Francisco-based Credit Karma, which tracks such things, blamed this quixotic circumstance on "a strange mix of economic conditions."
Report: Kansas City credit scores improve
"This month's data succinctly illustrates the correlation between debt and credit score," CreditKarma CEO Ken Lin said in a release. "Consumers have charged more on their credit cards and as a result, credit scores are lower. We suspect as consumers begin to pay down their debts, credit scores will start to increase again."
Credit card use plunges as hard times drag on, debit use rises
Many banks are responding to the trend [payment volume for debit cards exceeded credit cards] by adding rewards programs and other features to their debit cards, says Ken Lin, chief executive of Credit Karma, a website that provides free credit scores.
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Perfect credit: Being too perfect can cost you
"There's obviously a benefit from [reaching] the 750 range," says Ken Lin, CEO of Credit Karma, a credit-score disclosure company based in San Francisco. But "once you hit that pricing tier, there really is no benefit" to a higher score.
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