One on One With Credit Karma’s Kenneth Lin
The prospect of obtaining free credit scores was more than a little bit awesome, so I thought it wise to probe deeper to get an understanding of just how Credit Karma pulled it off.
The prospect of obtaining free credit scores was more than a little bit awesome, so I thought it wise to probe deeper to get an understanding of just how Credit Karma pulled it off.
Thanks to the credit crunch, your credit score carries a lot more weight than it used to, especially when you want to land a loan or open a credit card. Credit Karma offers free daily access to your credit score...
If you've already gotten your free, once-a-year credit report but want to see fresher numbers, CreditKarma, a free credit-tracking site, can give you month-to-month estimates without affecting your score.
Credit Karma is the only place I've seen that allows you to get a free credit score with absolutely no obligation. You don't have to enter a credit card number. You don't have to subscribe to a credit monitoring service. The credit score is absolutely free.
Credit Karma is a new Web site that gives you your credit score for free without forcing you to sign up for a trial offer or give your credit card number. It offsets the cost of the credit report it purchases for you by offering deals and advertising on its site.
Credit scores are key to your financial life, determining whether you can get a loan or a credit card and what interest rate you'll pay if you do, among other things. But not everyone knows their credit score, despite the importance of that three-digit number.
Credit Karma also provides you with a free credit score. The score comes from one of the three major credit bureaus. The site will also help you monitor your score over time. CreditKarma provides you with special offers based on your credit score. For example, you can get a lower interest rate on credit cards. You may also apply for offers from cable companies and other businesses.
Credit Karma Inc., a start-up that offers free credit scores online, plans to add features to let consumers calculate how their scores would change if they consolidate debts on to different credit cards or as they get older and build a longer credit history.
The new website offers scores developed by these major credit bureaus, including TransUnion and Experian Group.
Credit Karma is giving consumers something they've never had before - the ability to access a truly free credit score as often as they need to, and then to use it to gain preferred pricing on products they desire.