May 6th, 2013
**Today’s guest post is contributed by Carrie and Shannon.**
A big part of financial responsibility is maintaining adequate insurance coverage. Premiums act as a safeguard for your assets, and a little money spent now might pay off big time in the future. How much you pay now, though, will vary. You probably don’t have the same premiums as your brother-in-law or neighbor. How can you predict rates then? Credit Karma already provides your auto insurance score and now provides your home insurance score as well.
What’s a home insurance score?
Insurance scores are similar to credit scores in that both are generated by an algorithm that weighs information in your credit report. Your credit score evaluates your payment history, the amount you owe, how long you’ve had credit, and the type of credit you use to predict the likelihood that you’ll become delinquent on your credit obligations over the next two years.
Insurers use the same information, though it is weighted differently, to help predict your risk of filing a claim. Your home insurance score is used, along with other factors such as the size and value of your home, where you live, your claims history, and other factors to set your homeowners insurance rate.
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May 5th, 2013
Last week,
Credit Karma kicked off its weekly
infographic series to help educate consumers about the factors influencing their credit score in a fun, visual way. This week, we take a look at the percentage of on-time payments within the different credit score ranges. Scroll down to check it out!
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April 28th, 2013
Last week,
Credit Karma kicked off its weekly
infographic series to help educate consumers about the factors influencing their credit score in a fun, visual way. This week, we take a look at the percentage of on-time payments within the different credit score ranges. Scroll down to check it out!
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April 20th, 2013
Here at the Credit Karma Blog we've talked before about the average national credit score and
average debt load. We've taken a look at
potential credit score rivalries and
how different credit score ranges compare when it comes to debt, on-time payments and number of accounts. We love data, if you hadn't noticed.
We are nerds, after all.
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April 5th, 2013
Here at the Credit Karma Blog we've talked before about the average national credit score and
average debt load. We've taken a look at
potential credit score rivalries and
how different credit score ranges compare when it comes to debt, on-time payments and number of accounts. We love data, if you hadn't noticed.
We are nerds, after all.
Continue Reading
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April 1st, 2013
It’s no April Fools’ joke! Credit myths and rumors are unfortunately spread around all the time, especially on the World Wide Web. We’ve talked about lots of these myths over the years, and today we’re wrangling 10 of the most common credit myths to help set things straight. No foolin’!
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March 28th, 2013
Unlawful detainer. Chances are you don't know what that means, unless you've been expelled from your home. It's the technical term for the legal action taken to evict someone from a property. Unsurprisingly, evictions most frequently occur when a tenant has broken the terms of his or her lease, like when you fail to pay rent. That kind can do a number on your credit health. But there are other types as well. Today, we'll take a quick look at the different types of evictions and then go over how an eviction can affect your credit.
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March 26th, 2013
We are back with another
Credit Q&A Series post… and one just in time for
tax season! As we have mentioned
before, our CEO and founder Ken Lin continues to make weekly appearances on the
Ed Shultz Radio Talk Show. Ken uses his expertise to help educate Ed’s listeners on the impact credit scores have on consumers’ overall financial health. Today’s question tackles paying the tax man on time.
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March 11th, 2013
Welcome to another installment of the
Credit Q&A Series on the Credit Karma Blog! As we shared with you
last time Ken Lin our founder and CEO has been making weekly appearances on the
Ed Shultz Talk Radio Show. Ken brings credit and finance knowledge to Ed’s listeners. Lately Ken’s been answering questions from the show’s listeners. Today's question is all about credit limit increases.
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March 5th, 2013
So far for
National Consumer Protection Week we've covered
4 Ways to Keep Your Money Safe and
How to Spot and Avoid Credit Repair Scams. Today we’re talking about what you can do to protect your credit from things like fraud and errors. Read on for five of our best tips.
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