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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February 27th, 2013
I’m 34 years old. And I weigh 25 pounds less than I did at age 24. Whattt?! I’m not saying I was fat at age 24, but I always thought I’d gain weight as I got older. I figured nature would start taking its course…that I’d get a saggy butt and grow a fupa (if you don’t know what that is, Google it). So I took a look back and thought about what could have possibly changed to make me thinner now than I was in my 20’s. And, yes, I’ve had some diet and lifestyle changes… but not enough to make that drastic of a difference. I realized a big thing that changed was the stress level about my finances, especially my
credit score.
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November 28th, 2012
It’s been a while since we’ve visited the
Credit 101 classroom. But a topic bears further review. In
this blog post, we discussed a few reasons why your credit score changes or remains the same. In today’s post, we’ll flesh out some of the details and try to tackle two of the most common questions we receive.
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November 13th, 2012
We're back with another football-themed credit score infographic. The
big game between USC and UCLA is this Saturday, Nov. 17. The Trojans and the Bruins will battle it out on the football field. But which school comes out on top in credit scores? That's the kind of question we like to answer here at Credit Karma.
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November 12th, 2012
>Most of what you read in personal finance blogging tells you that you need a perfect credit score. While many of us think about credit scores as a quest for 850, there is really no need to have a perfect credit score.
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