Credit Karma is a absolutely free credit score review with no strings attached. The company itself was founded with the belief that all of the users own data should be free. Credit Karma has evolved over the years from a company that simply offered a free credit score to one that also offers tools on how to improve your score as well.
Credit Karma also offers an online savings account and tax preparation. Continue reading below for a complete review over Credit Karma.
(Click the link to learn more at Credit Karma)
Credit Karma Features
Credit Karma allows you to access your credit score for free whenever you want. You’ll get your VantageScore 3.0, and your score from Equifax and TransUnion will update every time you log into your account.
(Click the link to learn more at Credit Karma)
Other features include:
- Free credit report & credit monitoring with alerts for unusual activity
- Insights on how you can improve your credit score
- Recommendations for credit cards & loans
- Free federal and state income tax preparation
If you ever find an error on your report, you can dispute it with the Direct Dispute feature on Credit Karma’s site. If there is a case of a data breach, they’ll send you alerts and steps to handle it. You can also download the Credit Karma app so you can check your credit and monitor for data breaches whenever.
Credit Karma Pricing
Credit Karma services is free, but they gather information about your spending habits and charge companies to target you with ads.
Credit Karma Limitations
Before signing for a Credit Karma account, note that:
- Credit Karma scores are based on the VantageScore 3.0 model, while most lenders use FICO.
- Credit Karma does not offer Experian monitoring.
- Credit Karma does not monitor bank accounts, credit cards or investment accounts.
- Credit Karma does not offer identity protection insurance.
- Credit Karma uses targeted ads for revenue, which encourages borrowing and may tempt you to take on new debt.
- Credit Karma lacks customer support option with no phone number or live chat.
Bottom Line
Credit Karma is a online site that provides you with TransUnion and Equifax credit scores, reports and monitoring completely free of charge. Fortunately, it doesn’t just stop there, they also provide you weekly updates on your score along with tools that will help you improve it.
Check out TransUnion, another credit monitoring service, if you are interested. For more ways to save more, check out our post on how save money online and bank guides here on HMB!
(Click the link to learn more at Credit Karma)
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