Intuit Credit Karma
Most of those scores are not official or necessarily used by many lenders, but some of them are close enough to FICO scores to be useful as approximations for consumers who just want a rough idea of how they are doing. If that’s all you want, get scores from a site that is truly free, such as CreditKarma.
Have you had one or more financial misfortunes over the past several years and now have a less than ideal credit score? If so, you’re certainly not alone. Credit scores have been one of the biggest victims of the financial crisis and the recession.
"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.
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 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.
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.
Interview with Ken Lin, CEO of Credit Karma
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.
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 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.