Intuit Credit Karma
Recent data from two credit card tracking firms, Synovate Mail Monitor and Credit Karma, shows that with the holiday season approaching, average credit card balances for October increased as consumers who had earlier kept their wallets shut, now used their credit cards to make new purchases.
"The seasonal aspect can be pretty strong," said Ken Lin, founder of Credit Karma. "Consumer spending is so much higher in the fourth quarter than any other quarter of the year."
Credit Karma CEO Ken Lin said the rise shows "consumers are feeling more confident about spending money again ahead of the holidays."
CreditKarma.com gives you a credit score based on data on your TransUnion credit report. It also gives consumers the ability to simulate certain actions, such as applying for a new credit card and paying off debt, and see how those moves would affect their score.
Credit Karma, a San Francisco firm that tracks and provides credit scores, reported that nationwide from June through September, 39% of credit scores increased, 29% decreased and 32% remained the same.
We all like free, so enter Credit Karma, a site that gives you your credit score <strong>free of charge</strong> and it takes a whole two minutes or so to sign up, see your score, and get a letter grade in various categories, including the following...
Kiplinger interviews Ken Lin, chief executive of Credit Karma, on what consumers need to know about credit cards now.
"Bad credit car loan shoppers looking for a good deal need look no further than the Credit Karma web site which provides registered users with a free credit score."
Credit Karma is the only <strong>free service</strong> of the bunch and you can pull every 24 hours plus one minute.
Like some other companies out there, Credit Karma provides you with credit score for free, but the extras help it to stand out a little more.