The Guardian, 2013-11-10
What happens when you have no credit score at all? Without a credit card it turns out being responsible is not enough.
The Guardian, 2013-11-10
What happens when you have no credit score at all? Without a credit card it turns out being responsible is not enough.
The Wall Street Journal, 2013-10-19
America's credit rating may be hostage to politics, but yours is not, so it's possible to improve a bad credit score if you'll obey your inner Tea Party.First, become your own deficit hawk. Get your credit scores, which vary among the three big credit-reporting companies (Experian, TransUnion and Equifax) but are usually similar. Find out for your credit score for free at Credit Karma.
Daily Finance, 2013-09-06
Here are some facts you need to know about pre-approved credit card offers filling up your mailbox. You still might get rejected. "If you look at the low-end cards [for people with poor credit], as low as 80 percent of people who are pre-approved actually get approved," says Greg Lull of CreditKarma.
Yahoo! Finance, 2013-08-13
The Barclaycard Arrival World Mastercard is the top credit card for most people seeking to rack up travel rewards like frequent flier miles and free hotel rooms, according to a new ranking from website Credit Karma.
You want to beat the rising cost of homes and increasing interest rates by buying a home soon -- but are you going to be able to get a mortgage? Ken Lin, CEO of CreditKarma.com says, "Lenders are more willing to work with consumers these days even if someone doesn't have a perfect score."
They say you can never be too rich or too thin. But if you have to choose one or the other, many say it's a tough call. A poll released finds that only 28 percent of Americans would be willing to gain 25 pounds to get out of debt.
CBS Moneywatch, 2013-06-04
Every leader in every company struggles with ways to make work more engaging. It's always hard to find great people and is vital to keep them, since internal hires tend to be more successful than external ones.Check out how we at Credit Karma keep things fun in the workplace.
The Denver Post, 2013-06-03
We're halfway through the year, and it's time for a fiscal checkup. Just as you do with your annual physical, you need to determine if your budget is healthy or if expenses are bleeding enough red ink to cause anemia. Are you shedding pounds of debt or are you over-stressed ? Will you reach your goals for savings in 2013? Will you have enough to spend on splurges or holiday gifts?
The Atlanta Journal-Constitution, 2013-05-21
College loan debt for students in Atlanta ranks among the highest compared to other cities, according to data from Credit Karma, a website that consolidates consumer financial information. For the past two years, student loan debt in Atlanta has hovered just below $40,000 ($39,855 in April, 2013).
Credit scores were long something that lenders got to see and consumers only found out about later. Now, pretty much anyone can take a look at their credit scores whenever they want to, but it's not clear which of those scores matter. And most scores that consumers see for free are not the same ones bankers are using to weigh customer creditworthiness.
Now that May has arrived, it's time to clean up your credit and think about educational expenses. You can simply set calendar reminders for yourself, and start thinking about your "financial calendar" the way you do your social calendar. You'd never neglect to send your mom a birthday card after jotting it down on your calendar--so treat important tasks like saving for retirement, preparing for taxes, and donating to charity in the same way. Get ready for a much more organized month (and year)!
My FOX Memphis, 2013-05-06
It's no secret Memphis is home to some of the worst credit ratings in the country. If you're in debt and want to get out there are options. Emmy Stricklin learned about one of them when she downloaded her free money management application called Credit Karma. "It brought everything into light."
Credit is not only a way for consumers to extend their spending abilities; it's also used to judge financial responsibility -- all from information meticulously listed on credit reports. A February study from the Federal Trade Commission showed that 42 million Americans may have errors on their credit report. These errors cause unnecessary blemishes that result in lower credit scores, which means higher interest rates on mortgages and car loans -- all because of mistakes that are no fault of the consumer. "Look for derogatory marks, which can be missed payments, defaults, liens and garnishments," says Kenneth Lin, founder and CEO of CreditKarma.com. "These are the big uh-ohs and if not corrected, can cause your credit score to drop 100 to 200 points,"
When shopping for a mortgage don't neglect to check your credit before getting started.
Tech Crunch, 2013-04-02
Founder and CEO Ken Lin describes the Insight service as a way to look at all your finances in one place, for free. "Now you'll be able to look at your credit scores, all of your accounts, all of your assets, and the transactional information that comes along with it," he says. "It's an upgraded feature set that we thought was necessary."
Venture Beat, 2013-04-02
By some estimates, nearly half of Americans don't know their credit scores -- and even fewer people would understand them even if they took the time to check. Financial advice service Credit Karma offers a pretty simple fix for the issue: Instead of charging people $10 or so per month to monitor their scores, Credit Karma offers the service for free, supplementing it with tools for tracking other financial information like bank accounts, bills, mortgages and loans. (And paying for all of it with targeted advertisements.)
Personal finance services became all the rage at the peak of the recession. It's one of those things that gives the illusion of being in control of your finances. Like how you eat a salad with dinner and tell yourself it's practically the same thing as doing cardio. One personal finance startup that landed its first round of funding during the recession--Credit Karma--announced Tuesday that it has raised a $30 million Series B round led by Ribbit Capital and Susquehanna Growth Equity, with help from existing investor Felicis Ventures. The new round brings Credit Karma's total raised to $33.5 million.
Silicon Valley Business Journal, 2013-04-02
Consumer financial startup Credit Karma said on Tuesday it has raised $30 million in Series B funds to help it expand. The San Francisco company led by CEO Ken Lin said the round was led by Palo Alto-based Ribbit Capital, a venture firm focused on the financial services industry, and Susquehanna Growth Equity with participation from existing investor Palo Alto-based Felicis Ventures.
Yahoo Voices, 2013-03-25
If you are a stay-at-home mom, or a stay-at-home dad for that matter, you may think your credit score is inseparable from your working spouse's credit. Not so! Everyone has his or her own score. As a Financial Advisor I urge each and every person to work diligently to improve your individual credit score. Your credit score is one of your most important possessions.
The Wall Street Journal, 2013-03-22
In one of the more frustrating headaches in financial disclosure, you generally must pay to see your credit score--the three-digit grade that predicts how risky you are as a borrower. But there are some sites who do give you your score for free.
We've mentioned Credit Karma's free credit monitoring services and free monthly credit scores in the past, but now you can get all of their free financial services on the go, thanks to their new Android app.
Consumers whacked down credit card debt last year, and average debt loads dropped in every state.The decline came as weak consumer confidence kept spending in check and banks continued to tighten their lending and slash credit limits for many existing customers, said Ken Lin, CEO of Credit Karma.
Many consumers are considering financial resolutions in 2013. Most vow to save more, spend less and pay off debt. What's on your list? Better still, what should be on it?
What is your credit score? It's a simple question, but almost half of all Americans don't know their credit score. In addition to not knowing their credit score, most Americans do not know how their credit score is calculated, or what factors affect their scores.
South Florida Sun-Sentinel, 2012-11-26
Florida Governor Rick Scott called on administrators in the Florida College System to help make college affordable by sponsoring degree programs that cost $10,000 or less. But for those already with hefty student loans, South Florida's income drop has made it harder for many with student loans to pay them back, said Amy Leone, the public relations coordinator for Credit Karma, the consumer website that surveyed average college loan balances across the nation
Pittsburgh Post-Gazette, 2012-11-16
Ken Lin, CEO of Credit Karma in San Francisco, Calif., said in an age where about half of all marriages end in divorce, it is important for both spouses to have access to credit. "Even if things are great today, if a couple gets divorced, one of them could very easily be in a situation with no credit and they can't even rent an apartment, because in most cases landlords do credit checks," Mr. Lin said.
We often hear about "the top 1%" in wealth and income, but although many of us may never achieve that status, how about aiming to at least be in the top 25%? Specifically, I'm referring to those with a credit score over 785, placing them in the top 25% of credit scores.
Headline News, 2012-10-25
HLN Money Expert Clark Howard has tips for keeping track of your credit score.
San Francisco Business Times, 2012-10-25
Credit Karma ranked 4th on the San Francisco Business Times list of Fasting Growing Bay Area Companies.
Fiscal Times, 2012-10-25
Good Intentions Gone Bad. Society puts a high value on the two objectives - education and home ownership. "A college education is a path to life success just like home ownership is a path to financial stability. In reality, some people aren't suited for it," says Ken Lin, founder and CEO of educational website, CreditKarma.com.
Business Insider, 2012-10-17
Experts we've talked to including Bethy Hardeman with CreditKarma.com say the age of the prepaid debit card has finally arrived
TIME Monyland, 2012-10-12
As the holiday marketing machine cranks into gear, more of us will start contemplating the upcoming season’s spending and our credit limits. “Most credit card companies will automatically review your credit after about six months or so of card membership,” says Ken Lin, CEO of CreditKarma.com.
ABC 7 San Francisco, 2012-09-26
San Francisco-based Credit Karma believes consumers shouldn't have to pay for their own credit scores, "We're a completely free site that allows consumers to track and monitor their credit all online and all for free," said Credit Karma CEO Kenneth Lin.
Closing a card can help your score if you have too much credit available. To see if this is the case for you, you can see the effect of closing a card and other actions on your score at sites like Credit Karma.
Business Insider, 2012-09-26
According to the Consumer Financial Bureau more than 3.5 million card members, were sold payment protection, credit tracking and identity theft services without its their consent. Credit Karma gives tips to avoid a similar headache and how to safeguard your wallet.
New York Post, 2012-09-15
American consumers rarely have been such a bad bet. With unemployment up and salaries down, credit worthiness has plummeted. Nearly half of American households have credit ratings that are high risk, according to Credit Karma, and the average credit score has dropped more than 20 points in the past three years.
If you’ve got a good or improving credit history now is the time to scout out lower-interest credit cards that could save you hundreds of dollars annually. “It’s a buyer’s market for credit-card consumers now,” said Ken Lin, chief executive of CreditKarma.com, which develops free credit tools for consumers.
Inc. Magazine, 2012-08-28
Credit Karma makes Inc. Magazine's Top 5000 List of fastest growing private companies in America.
Despite the fact that there is a government website, AnnualCreditReport.gov, where you can get your credit report for free once a year and legitimate sites like CreditKarma.com where you can get your credit score for free (with no "trial period"), lots of people still sign up for these credit monitoring services.
Huffington Post, 2012-08-23
These top-scoring cards are also some of the hardest to qualify for, typically requiring a FICO credit score of 700 or greater, according to CreditKarma.com, a consumer credit website.
CBS Moneywatch, 2012-08-06
CreditKarma CEO Kenneth Lin recommends that consumers open new accounts over the Internet, taking and saving screen-shots of exactly what products they are applying for. Unless a call is recorded, applying over the phone leaves consumers without proof of what happened during the transaction.
TIME Monyland, 2012-07-27
The recession and its aftermath, including stubbornly high unemployment, did a number on Americans’ credit scores. The average person’s credit score is 655, according to Credit Karma.
Credit Karma, the online credit monitoring service backed by $3 million from SV Angel, Founders Fund and others, has shot up to become the #1 Financial app in the Apple App Store and #22 overall, only a day after its mobile debut. Like its online counterpart, Credit Karma Mobile brings credit monitoring to your iOS device, and notifies you when certain events are reported on your credit report.
Business Insider, 2012-07-18
Now iPhone users can monitor their credit activity and check their credit score at will with Credit Karma's new app, Credit Karma Mobile.
WUSA 9NEWS NOW, 2012-07-18
A new smartphone app debuted Wednesday from CreditKarma.com. It can be found in the Apple App store for iPhones and iPads. The app is the first and only way to get a free credit score and free credit monitoring on-the-go
Sacramento Bee, 2012-07-01
Weed out the wallet, says Ken Lin, CEO of consumer website CreditKarma.com in San Francisco. You don't need your Macy's card while hiking in the Sierra. Same for your Social Security card, library card, gym membership or anything with personal information that can "encourage identity theft or access to your life."
USA Today, 2012-06-27
Experts say if you're going to take a debit card on vacation, change the red flag alerts to a lower amount to deal with the possibility of fraud. Ken Lin, CEO at CreditKarma.com, said in general it's better to travel with a credit card.
Seeking credit perfection go to CreditKarma.com and use their credit score simulator.
Business Insider, 2012-05-24
We tapped two of our favorite credit experts, Bethy Hardeman of CreditKarma.com and John Ulzheimer of SmartCredit.com, to weigh in on the pros and cons of carrying plastic.
A similar report by credit card tracking site CreditKarma.com that included data from more than 300,000 consumers of all income levels found that the average credit card balance for 2011 was $6,576, down from $7,404 a year earlier.
Content in Credit Karma articles is for entertainment and information purposes only. The opinions expressed in the articles are those of the authors themselves, and not necessarily Credit Karma or its affiliates. However, Credit Karma may be compensated by companies mentioned in Credit Karma articles through advertising, affiliate programs or otherwise. It is this compensation that enables Credit Karma to provide its members with services like free access to your credit scores and free monitoring of credit and financial accounts at no charge.