Credit Karma Review: Credit Karma is one of the most popular and recognizable name in the US credit card market. It is a leading credit monitoring site that allows people to check their credit scores, monitor their credit card balances and track their credit card usage.
Users can also get a loan approval by providing their personal and financial data. It also offers a user-friendly interface and appealing offers that makes it a popular choice among many people. But is it safe, legit or worth using? In this article, we will discuss the pros and cons of using Credit Karma, its pricing plans and other features.
Credit Karma Review
What is Credit Karma?
Credit Karma is a private company that provides credit monitoring and debt settlement services. It was founded in 2013 by an American entrepreneur and venture capital investor, Vinny Lingham.
The company started off as a free service that allowed users to check their credit scores and monitor their credit report. Since then, it has been offering many different services including a free “Credit Health” feature that allows users to track their credit scores, see their payment history and see where they stand against their credit utilization.
How Does Credit Karma Work?
Credit Karma is a central service that allows users to track their credit and monitor their credit report. It displays different aspects of your credit data such as your credit score, current balances, your payment history (history of payments you make) and your current credit utilization.
It is completely free and does not require users to install any software or app. All you have to do is sign up for a free account to get started.
Is Credit Karma Legit?
Yes, Credit Karma is a legitimate service that helps users get a better idea of their credit scores, credit report, payments and credit utilization. It is backed by the Better Business Bureau and Verified by Visa and Mastercard, so you can be sure that it is safe to use.
It also has a Privacy Guarantee that ensures that your data is safe. Furthermore, it offers you free credit scores, monitoring and debt settlement services.
Things to Consider When Using Credit Karma
– Credit scores: Credit scores are a number that gives lenders an idea of your creditworthiness. A high credit score means that you are likely to pay back your loans on time, while a low score means that you will likely have a hard time getting approved for a loan, if you choose to take out one.
– Types of Credit Cards: Credit Karma also tracks your available credit cards and gives you an idea of how much money you have access to. This includes the current balance and your credit utilization.
– Increasing Credit Limits: Adding a new card to your Credit Karma account is easy. You can also increase your credit card limits via the website or app.
– Other Factors That Affect Credit Scores: Factors that can affect your credit scores include your payment history, how long you have been on time with your payments, your credit usage and the credit bureaus that are used.
Credit Karma Review Conclusion:
Credit Karma is a great resource for people who want to keep tabs on their credit and loans. It is free and easy to use. You can also get tailored offers based on your needs.
If you’re looking to improve your credit score and make sure that your loans are being approved on time, then Credit Karma is definitely worth checking out.