February 3rd, 2016

The 10 Cities Where 18-24 Year Olds Have the Most Accounts in Collection

Credit Fumble data blog

Missing a utilities bill or credit card payment happens more than we’d like to admit. Letters requesting payment can be tossed in the recycling bin, caller ID can make it easy to avoid phone calls, but the debt does not disappear. After a few months it may be sent on, or sold, to a collections agency for payment, leaving a derogatory mark on a credit report that may stay there for seven years or longer.

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January 21st, 2016

The Credit Fumble: More Than Two-Thirds of Young Adults Make Significant Financial Mistakes

Credit Fumble

At Credit Karma, we define a “Credit Fumble” as being the phenomenon where young adults, new to credit and many without any financial education, make largely avoidable financial mistakes. When we finished our recent research into this pattern, even we were surprised to find out that more than two-thirds of young adults we surveyed experienced at least one Credit Fumble before they turned 30.

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December 17th, 2015

The 10 Most Expensive Cities For Millennials To Own a Car


A recent University of Michigan study showed that car ownership was declining in America, but with over 90 percent of households still owning a vehicle, it clearly still plays a major role in most people’s daily lives.

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December 3rd, 2015

The 10 Cities With The Most Responsible Millennial Spenders


There’s a prevailing cliche that exists about Millennials: they’re prone to living beyond their means, credit-illiterate and slightly irresponsible, enjoying the spend-now, consequences-later era of their early youth.

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October 22nd, 2015

The Spirit is Still Willing: Millennial Attitudes to Home Buying in 2015

It’s a well hashed-out narrative in the media today, which deepens with every new home sales report: the average age of first-time homebuyers is rising as Millennials face several obstacles in their path to home ownership.

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October 14th, 2015

Credit Karma’s “My Money Story” series continues!

A lot of people are embarrassed to talk about their finances. At Credit Karma we want to change that. In August, we launched a new video series, “My Money Stories,” featuring real people talking about their journeys with finances, credit and debt. We’ve been posting new stories on YouTube across the last two months and wanted to update you on this new content.

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October 9th, 2015

A Leveraged Education? Student Loans Now and Then

With student loan debt increasing by over $3,000 per second in the USA and the price of a college degree rising over the last 30 years at more than three times the rate of inflation, when they’re thinking about which universities to attend, students today are looking out at a much different economic landscape than their parents.

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September 11th, 2015

15 US Cities With The Least Consumer Debt

Consumer debt levels keep hitting all-time highs. But Credit Karma data looking at average consumer debt for our more than 40 million members shows there are still some cities where borrowing isn’t spiking so high.

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September 4th, 2015

15 US Cities With The Most Consumer Debt

Consumer debt breaks down into a few different areas. People can borrow to study, buy a home, finance a vehicle, or make everyday purchases. An analysis of Credit Karma data from our member base of more than 40 million consumers reveals the 15 cities in the US where our members have the highest average amounts of consumer debt.

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August 7th, 2015

About that Facebook patent…

Much attention was given this week to a recently granted Facebook patent that may open the door for the social network to create an alternative credit score system based on your social graph. Why this may not be the best idea.

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