May 5th, 2013
Ready for another infographic? Credit Karma‘s weekly infographic series visually informs consumers about their credit and overall financial health. This week, we compare the average number of open accounts and average total debt among the different credit score ranges. Scroll down to check out the results.
May 3rd, 2013
How to Avoid Overusing Your Emergency Fund "Building an emergency fund is one thing; keeping it intact and fully funded is quite another. There are a number of reasons why this is a problem. Overusing your emergency fund is one of the biggest. There are challenges that come with an emergency fund, and you’ll have to be resolute in your decision and efforts to keep it intact." Faith and Finance
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!
April 25th, 2013
Last month we took a look at which U.S. cities have the highest student loan debt. This month we thought it’d be interesting to take a look at the 10 U.S. cities with the lowest mortgage debt. Interested in buying inexpensive property in any of the following cities?
April 23rd, 2013
Everyone remembers their first...credit card, that is. I opened mine last spring and was instantly dazzled by its shininess and silvery cool reflection. My credit limit seemed like a ton of money back then. A few months later, when I learned that you should stay under 30% of your credit utilization rate, I began to feel a little restricted. So I decided if it was time to shop around, I might as well earn something from my spending and open a rewards card.
April 22nd, 2013
For one out of four Americans, “cash only” is a way of life. 17 million Americans lack access to any type of formal bank account and are classified as “unbanked.” In addition, 51 million Americans do access basic bank services such as a savings account, yet they still rely on alternative financial institutions as well. These individuals might frequent check-cashing joints, fall prey to payday lenders, and often incur exorbitant fees associated with such alternative banking methods.
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.
April 19th, 2013
The Unemployment Diet: How We Cut Our Spending by $1,000 a Month "One Tuesday morning last November my husband called from work and told me to sit down—and not get mad. Whenever a phone call starts that way, you just know it’s not going to end well." Five Cent Nickel
April 18th, 2013
These days, everyone is trying to save a little extra money. And while it’s not a bad idea to pursue a few simple money saving ideas, what we sometimes forget is that we can also improve our finances (and our credit) by finding ways to make a little more money. Pinching pennies and giving up our lattes only goes so far. Instead, take a look at the collaborative economy, where it’s easier than ever to earn more with what you already have. A growing number of people are providing services and short-term access to goods directly to each other - and you can take advantage of this new economy as well.
April 18th, 2013
For more than a year, Credit Karma members have used free credit monitoring to help them keep an eye out for credit report errors and fraud. Now, we’re excited to announce the launch of truly free account monitoring at Credit Karma.