July 9th, 2014
Recently, we introduced you to Tommy, who paid off his student debt years ahead of schedule. We’re back this week to share the story of another Credit Karma community member, Leah, who managed to take her credit score from tragedy to triumph.
Leah’s credit awakening happened at a critical time – while she and her husband were obtaining the mortgage for their first home, a cozy bungalow in Atlanta. Although Leah thought she had a great relationship with credit, she was alarmed to find that she actually didn’t have a score that would qualify her and her new husband for the best possible mortgage rates.
While she checked her credit reports yearly and saw no red flags, Leah didn’t know her actual score before applying for the mortgage. While still above average, her score would lead them to pay tens of thousands of extra dollars over the life of the loan – way out of line with the couple’s frugal lifestyle. They made the decision to proceed with the loan in her husband’s name only. Leah was heartbroken: “I’ve got to get on top of this,” she remembers thinking.
September 30th, 2013
Being your own boss has some great benefits, with one of the main ones being the freedom and flexibility to do with your time as you please. However, with that freedom comes a big obstacle -- it’s difficult to build credit. This is something I discovered after I quit my job in May 2013 and had to rely on my own income for stability, paying the bills and of course, building credit. Thankfully, you can still build credit as a self-employed freelancer by using these five unconventional strategies.
September 9th, 2013
Having a poor credit score can sometimes feel like being trapped in quicksand-- the harder you try to escape, the further high interest rates and punitive charges pull you back down. But everyone needs access to credit and if you do need funding, there are always alternatives. The terms may not be pretty or available to everyone, but below are some options that may improve your credit health, or help fund you until you can.
August 17th, 2013
Ready for another infographic? This week we thought we'd share more financial facts-- like we did in our debunking credit myths infographic. Here are some helpful tips to keep college students financially savvy.
August 5th, 2013
Even if credit is a subject discussed in high school, it’s most effectively taught by hands-on experience when there’s no fear of doing permanent damage. A wise parent will take the initiative to teach their children about the value of money and the importance of credit while they’re still young. The goal is to express to children how valuable credit is to their future and to help them start building strong financial skills prior to leaving for college.
July 21st, 2013
We are back with our infographic series! This week, we thought we’d do something a little different, so instead of crunching numbers we are debunking some common credit score myths. Scroll down and see how well you understand what’s impacting your score.
June 7th, 2013
5 Things College Grads Need to Know About Credit "With many students graduating from college, there are thousands of individuals venturing out into the “real” world for the first time. Graduation often marks the first time that young adults begin to make their own money decisions, and begin to understand the consequences of their financial choices. As graduates begin the next phase of their lives, here are 5 things they need to know about credit:"Financial Highway
July 5th, 2012
It’s hard to kick bad habits, whether it’s something simple like biting your nails, or something with larger implications, like impulse shopping. No matter the bad habit, getting rid of it is a task in itself. If you consider the consequences of certain bad habits on your credit and financial life, it may motivate you to never give into their temptation. Here are just three bad habits that are easy to form, but hard to break.
February 21st, 2012
If credit scores were a subject in school, we here at Credit Karma would ace every test. We spend our days reading up on new credit legislation, updating you on the new credit score rules, and obsessing over credit card rewards. When it comes to writing about credit scores on the Credit Karma Blog, we focus on clarifying credit misunderstandings.
December 19th, 2011
Credit Karma’s Facebook community members always come up with great credit questions. Sometimes they’re so good, we share the answers here on the Credit Karma blog. This time, the question is about debt, something many of us can relate to.