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. In other words, the creditworthiness of your Facebook friends, could dictate your own creditworthiness. This system would leverage the old idiom that “birds of a feather flock together,” suggesting that people are friends with people that behave similarly to them.

There certainly might be some truth to this in some circumstances, but it is still a terrible idea with small chance of passing regulatory muster.

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July 23rd, 2015

15 US Cities With the Highest Amount of Auto Loans

We scoured Credit Karma’s own data for the cities with the highest percentage of Credit Karma members that have open auto loans. As it turns out, America’s southern states are the nation’s auto loan power center, providing 80 percent of the cities on the list.

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June 26th, 2015

Addressing the Snowballing Problem of Student Debt

Addressing the Snowballing Problem of Student Debt

Whether it’s a New York Times op-ed going viral, or scathing comments from Massachusetts Senator Elizabeth Warren, there’s hardly a day that goes by without some new voice adding itself to the growing debate over what to do about student loan debt in America.

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February 18th, 2015

2/17 Student Loans 101 Tweetchat Recap

Tweetchat Student Loans 101 (Recap!)

We teamed up with SALT, a free educational program helping students get their college degree in a financialy responsible way, to talk about the ins and outs of student loans.

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November 24th, 2014

Facebook Question: Taking a Loan You Didn’t Need

Facebook Question: Taking a Loan You Didn't Need

We recently asked our Facebook followers to help answer a member's question about what to do when taking out a loan he didn't need.

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October 3rd, 2014

10/7/14 Tweetchat: Credit and Your New Car

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Join our Tweetchat on Tuesday, October 7th at 2PM PST. This week we'll be discussing how your credit score affects the car-buying process.

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June 13th, 2014

Lenders Are Opening Up Jumbo Loans to Consumers

Jumbo Loans

Lenders aren’t exactly giving jumbo loans away, but they’re certainly making it easier for borrowers to snag one. In an effort to pick up the pace of their loan growth, more banks are offering jumbo loans to borrowers who can make up for poorer credit scores and unproven income with other assets like investment accounts and stock grants.

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September 23rd, 2013

How To Stay On Top Of Your Student Loans

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For most people, student loans represent their first encounter with the world of credit and finance. They can open a world of opportunity to young people who might otherwise not be able to pay to continue their education. More than 60% of American students (that’s almost 12 million in total) will borrow money annually to help pay for college. It’s likely that this is where you’ll begin to build your credit score: a little number with huge consequences. It can be intimidating, but there’s really no reason to stress out. Staying in control of your student debt is easier than it sounds. When dealing with loans, you should:

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July 3rd, 2013

Top 10 States with the Highest Student Loan Debt

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Students heading back to school this fall with new student loans could be shelling out more money. The deadline to raise the federal student loan rate passed without a vote on July 1st. Congress left for the their July 4th recess with no resolution, allowing interest rates on new subsidized Stafford loans to increase to 6.8 percent from 3.4 percent.

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May 30th, 2013

AvantCredit Review: A Better Alternative to Payday Loans?

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Welcome a new member to the online-only personal loan space! Chicago-based AvantCredit aims its unsecured loans at consumers with credit scores between 620 and 720—a nearly-prime community rarely served by other lenders. Like NetCredit, AvantCredit hopes to bridge the gap between payday loans and traditional personal loans. Its loans range from $1,000 and $10,000 and are payable over one to three years, depending on the terms you receive.

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