Alabama not a leader for credit scores
Alabama is one of nine states where average residents have fair to poor credit scores, according to a report from CreditKarma.com.
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.
I've been using Credit Karma for quite a while - almost since they were launched back in March 2008. There are other ways to get your credit score for free, but none as easy as far as I'm concerned.
As baseball season begins, people may be more interested in watching pre-season games and planning trips to the ballpark than focusing on their credit. However, consumers can learn a lot from the strategy on the field to improve their credit this spring.
Did you know that applying for a home loan with weak credit can lead to higher interest fees, and smaller loans? Leverage properties such as Credit Karma or myFICO to know where you credit stands.
This is because, as Ken Lin, CEO of Credit Karma.com points out, the minimum credit score requirement for a conforming loan - one that meets the terms and conditions determined by beleaguered mortgage giants Fannie Mae and Freddie Mac - is 620.
Credit card debt among consumers with at least one account dropped 15% nationally in February to $7,168, with every state lowering its credit card debt, according to CreditKarma.com, a San Francisco-based company that tracks credit scores and household debt.
Hawaii residents reduced their credit card debt by $590 on average in February, according to consumer credit advocate CreditKarma.com.
CreditKarma in San Francisco, which tracks such things, said nationwide average credit scores are down four points from a year ago. A lower credit score is worse.