Intuit Credit Karma
More than 10 million people were victims of identity theft last year. As a result, privacy experts suggest checking your credit report every few months. A new web site called Credit Karma is a good place to start to help keep your identity safe.
Well, now that the economical crisis is taking effect, many people have started to give their financial status more attention; starting from regulating purchases, to investment decisions and scholar funds, and maybe that is why financial websites such as Mint and Credit Karma are expected to flourish during this period.
Credit scores used to be a tightly controlled secret. But the new democratization of credit scores means shame on you if you don't know what's going on with your credit and your credit score.
The latest that I've just started using is Credit Karma, which allows people to check their credit score for free -- and as often as they like. I have to think that this is going to really irritate some of the other organizations out there that make you pay to see your credit score.
Unlike other credit score sites that charge users or limit the number of times a year they can check their credit score, Credit Karma lets people check their scores as much as they want, free. Users can track their scores over time and talk with others about how to improve them.
Paying attention to your credit rating can save big bucks on loans and determine whether you receive a loan at all. The most fundamental task is to go to the free site AnnualCreditReport.com and check your credit reports for errors.
It's also a good time to improve your credit score. As lenders tighten their criteria in the credit crunch, you'll need at least a 760 on the 300 to 850 point FICO scale to secure most loans or lines of credit. Track your score for free on CreditKarma.com. Pay bills on time, keep old credit cards open, and pay down those balances.
Credit Karma lets people check their credit scores free as often as they want, and track and discuss their progress in improving them.
CreditKarma.com also provides you with a free credit score. The score comes from one of the three major credit-reporting bureaus. The site will also help you monitor your score over time.
That's where a little known start-up, Credit Karma steps in. Unlike the big players, Creditkarma.com provides free credit scores based on advertising rather than a subscription model.