In The News

It's Raining Credit-Again

It's Raining Credit-Again

Wall Street Journal, 2012-05-04

You can go for those bonus miles and cash-back cards, but not all at the same time. One inquiry for new credit can knock as much as 25 points off a very high score, says Kenneth Lin, CEO of Credit Karma. Even so, the ding from a single new account isn't likely to change the interest rates you'll pay.

The Dangers of Credit Card-Linked Discount Offers

The Dangers of Credit Card-Linked Discount Offers

Kiplinger, 2012-04-26

When consumers pay with their cards, they'll be offered discounts at the store where they're shopping or at other stores. There's no actual coupon -- consumers just have to pay with their card at the designated store within a certain time frame to automatically get the deal, says Ken Lin, CEO of Credit Karma, which provides credit scores and credit-card reviews.

A better free credit score service

A better free credit score service

CBS Money Watch, 2012-04-26

So imagine my skepticism when I stumbled upon CreditKarma.com. What I learned, however, is that this site provides far more than your credit score and really is "free" to the user.

Using Your Tax Refund

Using Your Tax Refund

CBS News, 2012-04-23

The average household has nearly $6,000 in credit card debt, more than $15,000 in auto loans and $29,500 in student loan debt, according to CreditKarma.com. That refund could make a significant dent in a debt with a high interest rate, giving you a little breathing room on monthly payments going forward.

Four Money Habits You Need To Ditch Now

Four Money Habits You Need To Ditch Now

Huffington Post, 2012-04-19

Credit Karma allows you to view your credit score for free. A healthy credit score is above 650, and an exemplary score is over 700.

What Every Prospective Homeowner Should Know

What Every Prospective Homeowner Should Know

Forbes, 2012-04-03

Once you’ve decided to buy, you’ll want to do what you can to improve your credit. That’s because it’s one of the biggest factors in determining your future mortgage interest rate that you have some control over.

Why we need free credit scores now

Why we need free credit scores now

MSN Money, 2012-03-23

It's no exaggeration to say your credit score can change your life. It can determine whether you get a job or own a home. It affects how much you pay for insurance. It influences how much you pay when you borrow, which determines how long it will take to become debt-free.

What Blue States Can Teach Red States About Good Credit

What Blue States Can Teach Red States About Good Credit

AOL DailyFinance, 2012-03-19

That's what the folks at CreditKarma.com figured out after examining credit data from TransUnion, one of the three major credit bureaus. Comparing credit scores state-by-state, they found that the average score in blue states is 667 -- 16 points higher than the 651 average in red states.

The Best Web Tools to Solve Your Credit Issues

The Best Web Tools to Solve Your Credit Issues

MainStreet, 2012-03-15

Plenty of websites help customers compare one credit card to another, but many of these sites also feature tools that help consumers solve other major credit problems. Here are a few of our favorites.

4 Things We Bet You Didn't Know About How Taxes Affect Your Credit

4 Things We Bet You Didn't Know About How Taxes Affect Your Credit

Business Insider, 2012-03-07

Since credit debt isn't exactly considered an income-booster, it's no wonder so many consumers forget how closely credit and taxes are intertwined. For insight into the little-known ways taxes and credit go hand in hand, we tapped Ken Lin, CEO of CreditKarma.com.

Forty Under 40: Kenneth Lin

Forty Under 40: Kenneth Lin

San Francisco Business Times, 2012-02-24

"I’m passionate about managing by results and data. As such, I spend half my day reviewing metrics. I analyze trends and look for areas of success and failure. I strongly believe that data is a driving force in the success of most companies."

5 Credit Facts Every Couple Should Know

5 Credit Facts Every Couple Should Know

TIME Moneyland, 2012-02-13

According to website CreditKarma.com, “Your bank and credit card accounts won’t merge once you’re married. But keep in mind that if you open a joint credit card, the account activity will be shared on both of your credit reports.”

Middle-Aged Workers Flock Back to School ... and Student Loans

Middle-Aged Workers Flock Back to School ... and Student Loans

AOL DailyFinance, 2012-01-27

These fresh-faced grads are being joined by an ever-growing cadre of returning students. According to credit score tracking site CreditKarma, the number of 35- to 49-year-olds who are borrowing money for college increased by 47% in the last three years.

4 reasons to use credit cards versus debit cards

4 reasons to use credit cards versus debit cards

CBS Money Watch, 2012-01-26

Responsible use of credit cards is one of the most effective ways to build a good credit record. Consumers who don't own a credit card have average credit scores that are lower as compared to folks with at least one card, according to Credit Karma, a consumer website that provides free credit scores.

Credit card debt falls alongside credit scores

Credit card debt falls alongside credit scores

Fox Business, 2012-01-25

According to a recent report issued by CreditKarma.com, credit card debt declined 11 percent nationwide last year. However, it wasn't all good news. Credit scores saw a decline during that time as well.

Credit card splurge in December

Credit card splurge in December

Bankrate, 2012-01-17

Consumer credit advocate CreditKarma.com said residents in only nine states paid down their credit card debt in December from the previous month. Of those, six -- Arizona, Idaho, Indiana, Michigan, Oklahoma and Utah -- paid down less than 1 percent of their debt.

Credit Score Zealots Pursue Fool’s Errand

Credit Score Zealots Pursue Fool’s Errand

Bloomberg, 2012-01-13

FICO credit scores rank borrowers according to the likelihood of default and there’s almost no difference in the probability of default when a consumer has a 780 or an 820, said Ken Lin, chief executive officer and founder of San Francisco- based Credit Karma.

Credit Karma Launches Free Credit Monitoring, Enrolls 100,000 Users In A Day

Credit Karma Launches Free Credit Monitoring, Enrolls 100,000 Users In A Day

TechCrunch, 2012-01-04

Credit Karma, the online service for keeping track of your credit score, has launched a new feature: free credit monitoring. Within the first day of its existence (the option became available just yesterday), the company has managed to enroll an impressive 100,000 users for the opt-in credit monitoring service.

Credit Karma Now Offering Free Monitoring Service

Credit Karma Now Offering Free Monitoring Service

MainStreet, 2012-01-03

Those intent on improving their credit score in 2012 can get some help by visiting the website Credit Karma, which is offering free credit monitoring to all Americans starting today.

The end of paid credit report monitoring?

The end of paid credit report monitoring?

CNNMoney, 2012-01-03

Credit Karma originally launched as another free credit report company, albeit one that made money from advertising rather than upsells. Now the San Francisco-based company has launched a free credit monitoring platform – a service that Experian currently values at $15 per month.

Finally: Good news on credit scores

Finally: Good news on credit scores

MSN Money, 2011-12-30

You can get credit scores for free from sites such as Credit Karma or Quizzle, or by signing up for credit monitoring.

Money 911

Money 911

Today Show, 2011-12-21

Look at CardRatings.com or CreditKarma.com or Bankrate.com. All of those are great websites to get good information about credit cards.

Stern Advice: Financial predictions for 2012

Stern Advice: Financial predictions for 2012

Reuters, 2011-12-16

Issuers will up their credit card rewards to pull users away from less profitable debit cards, says Ken Lin of CreditKarma, a credit scoring and comparison site. As consumers move out of full-recession mentality and shop more, they'll find themselves reaching for credit cards more, he says.

Credit-Watching Consumers Tap Phones to Check Scores for Free

Credit-Watching Consumers Tap Phones to Check Scores for Free

Bloomberg Businessweek, 2011-12-14

U.S. consumers’ average credit score was 661 in November, down from 667 in January and 676 in February 2009, according to scores in the user base of Credit Karma Inc., which also offers free scores through its website. Credit scores generally range from 300 to 850, though that may vary depending on the provider.

11 Expert Tips To Help Your Credit Score SKYROCKET

11 Expert Tips To Help Your Credit Score SKYROCKET

Business Insider, 2011-11-24

Trying to improve your credit can seem impossible when lenders are fearful and you're strapped for excess cash. But don't give up hope. "Focus on where you are right now and do what you can with what you have," said Justine Rivero, a credit advisor with Creditkarma.com.

Credit card cutting curtails sales

Credit card cutting curtails sales

New York Post, 2011-11-20

New Yorkers are losing their appetite for credit card debt faster than the rest of the country. That’s according to the latest report from CreditKarma.com, which says declining card debt is part of a nationwide trend.

What Credit Score Should You Have?

What Credit Score Should You Have?

Yahoo! Finance, 2011-11-14

Based on data compiled by Credit Karma, there is a correlation between age and average credit scores, with scores rising along with age.

Zero Is Back: Why Now's the Time to Transfer Your Credit Card Balance

Zero Is Back: Why Now's the Time to Transfer Your Credit Card Balance

AOL DailyFinance, 2011-10-13

Consumers who are struggling to manage debt and have impaired credit histories likely won't be able to tap these offers. In fact, applying for one without the right credit profile could even hurt your credit score -- you get dinged when you're declined for a new card. (One tool for finding a good match between your credit score and available card offers is with the card statistics search engine at CreditKarma.com.)

What Banks and Lenders Know About You From Social Media

What Banks and Lenders Know About You From Social Media

Mashable, 2011-10-07

Many Americans may be unaware that their social media conversations and posts are providing banks and lenders with a treasure trove of information. In fact, a growing number of banks and lenders are currently building a data repository – collecting, storing and analyzing data – in the hopes that one day it could help them determine your potential credit risk and also tailor marketing directly to you.

The Best Credit Cards With No Annual Fee

The Best Credit Cards With No Annual Fee

MainStreet.com, 2011-10-04

“There’s a tipping point where annual fees make sense,” Ken Lin, CEO of CreditKarma.com, says. He explains that credit card issuers typically profit through interchange fees charged to merchants or through the annual percentage rates (APRs) of interest applied to balances.

New credit score tool offers insight into getting the best credit card

New credit score tool offers insight into getting the best credit card

Reuters, 2011-09-21

There’s a certain mystery about applying for a credit card: Is your credit score good enough for the best card and rate? Just how much credit might you get if you are approved? With a new tool from CreditKarma.com, you can use information from a long list of credit card companies to find the best card for you, and figure out the one that you’re most likely to get approved for.

Scoring the Right Credit Card for You: New Tool Makes It Easier

Scoring the Right Credit Card for You: New Tool Makes It Easier

AOL DailyFinance, 2011-09-21

Credit card companies know where you shop, how much you spend on average and your credit history. But what do you really know about them? CreditKarma.com's new Credit Card Statistics tool, which launched Wednesday, is the latest online widget to pull back the curtain on those lenders.

Here's Some Identity Theft Protection You Don't Have To Pay For

Here's Some Identity Theft Protection You Don't Have To Pay For

Business Insider, 2011-09-16

Identity theft is a crime that offers a big payout with little risk of being caught.

Inherent with the Internet Age, identity theft can be perpetrated virtually anywhere on Earth, and those that are victimized can be living on the opposite side of the globe from the perpetrator.

Jerseyans' credit card debt drops 13.5%

Jerseyans' credit card debt drops 13.5%

Asbury Park Press, 2011-09-15

A report released Wednesday by CreditKarma.com, a free credit management website, shows that credit card debt nationally fell by a whopping 18 percent from August 2010 to last month.

“The relative uncertainty of the current job market has forced consumers to live within their means and focus on being financially responsible,” said Kenneth Lin, CEO of CreditKarma.com.

The New Credit Score Rules

The New Credit Score Rules

Yahoo! Finance, 2011-08-29

The average credit score nationwide is 666, according to CreditKarma.com. That's not only an ominous number, but can be a costly one.

Based on CreditKarma.com's data, the trend amongst lenders shows that a 660 credit score is the threshold to be approved for a mortgage, auto loan and unsecured credit card. Digging deeper into consumers' credit health, nearly 40% of consumers have a credit score below 660.

Credit Q&A: Can You Inherit Bad Debt?

Credit Q&A: Can You Inherit Bad Debt?

MainStreet.com, 2011-08-19

“Your credit score would remain intact,” Ken Lin, CEO of CreditKarma.com, says, because the bad debt is attributed to the lien holder who was responsible for the delinquency whether they’re still around or not.

3 Things You Should Know About Credit Scores

3 Things You Should Know About Credit Scores

LearnVest, 2011-08-19

If your personal finance knowledge were a pie, credit scores would be one of the most difficult pieces to swallow. That three-digit number can be confusing, so gaining a good understanding of the credit basics is important. It will give you a context for your credit score, and you’ll know what you need to do to improve your credit health.

To live and borrow in L.A.: Student debts, weighty mortgages

To live and borrow in L.A.: Student debts, weighty mortgages

Los Angeles Times, 2011-08-18

Student debt has jumped 6% over the last year as tuitions and fees rise and financial aid is harder to come by, according to data tracker Credit Karma in San Francisco.

In the Los Angeles metropolitan statistical area, students who had borrowed money for their college education typically owed $31,233, compared with a national average of $29,932, Credit Karma said this week.

Skipping the Mortgage to Pay Your Credit Card

Skipping the Mortgage to Pay Your Credit Card

SmartMoney, 2011-08-17

The average consumer has an average of $6,355 in credit card debt, according to a CreditKarma.com report released today — 18% less than this time last year.

The New Freshman 15: Financial Tips for College Students

The New Freshman 15: Financial Tips for College Students

AOL DailyFinance, 2011-08-01

Set up text and email alerts for your bank accounts and credit cards to help you keep tabs on your spending and avoid missing payment dates. "It's an easy way to stay in-the-know about your own finances," says Justine Rivero, credit adviser at CreditKarma.com. "Plus you can make sure you don't ruin your credit by missing a payment or maxing out your credit card."

Debt in America: What We Owe

Debt in America: What We Owe

CBS Moneywatch, 2011-07-26

Credit Karma, compiled data from the credit files of its 211,000 users, to create a picture of how much individuals owe, broken down by loan type and the state in which they live. MoneyWatch analyzed this data to determine which state’s residents are the most and least indebted — and where people are making the most progress in paying down their loans.

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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.