March 31st, 2016

The 10 Cities Where Young Adults Have the Highest Credit Card Utilization Rate

Credit Fumble - Highest Credit Utilization Cities
 

Your credit card utilization rate – your collective credit card balance divided by your collective credit card limit – is an important factor used by most credit scoring models to calculate your score. Generally, lenders see that if you’re using a greater amount of available limit, there is an indicator of a greater risk of not being able to pay your debts. In general, a credit card utilization rate of less than 30 percent is recommended.

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March 10th, 2016

The 10 Cities Where Young Adults Have the Lowest On-Time Payment Percentage

Credit Fumble - Ontime Payments LOWEST

In Credit Karma’s recent Credit Fumble research, almost half of all people surveyed (47 percent) said that they had missed one or more payments on a credit card or loan before they entered their 30s. Missing payments have a myriad of potentially negative run on effects: you can incur a missed payment fee, your interest rates might rise, and it could end up on your credit report and potentially cause your credit score to fall. Banks and issuers consider how reliable you were in the past in paying your debts as an indicator in how reliable you will be repaying future debts.

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February 26th, 2016

Top 10 Cities Where Young Adults Have the Most Amount of Student Debt

02-2016 Credit Fumble - Student Debt MOST

Student debt is fast becoming a fact of life for Americans: research has estimated that by 2020 as many as two-thirds of jobs require post-high school education or training, tuition continues to rise in all sectors of the education market, and students are taking on debt at an alarming rate. Student debt has more than doubled in the last 10 years and, according to MarketWatch, it grows by $2,726 each second in America.

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October 5th, 2015

5 Realities About Student Debt Presidential Candidates Are Ignoring

As the election campaign heats up on each side of the aisle, student loans have become a central issue. In 2003, Americans held over $250 billion in student debt. Today, it's almost $1.3 trillion. According to MarketWatch, student loan debt in America is increasing by over $3,000 every second.

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August 28th, 2015

15 US Cities With The Highest Amount of Student Loans

It’s hard to afford college without student loans. According to the Institute for College Access & Success, 69 percent of graduates from public and nonprofit colleges had student loan debt.

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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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August 25th, 2014

Student Loan Debt Negatively Affects Quality of Life

Student Loans Quality of Life

According to a recent Gallup poll, students with $50,000 or more in student debt fall short of those with no debt in three key areas of well-being: financial security, physical health and sense of purpose. The study surveyed more than 11,000 people who graduated from college between 1990 and 2014 to ask whether they felt they had purpose to their lives, supportive relationships, financial security, a sense of community and physical health.

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August 22nd, 2014

U.S. Department of Education Proposes Changes to PLUS Loan Program

PLUS Loans

The U.S. Department of Education recently proposed changes to the PLUS loan program that would relax credit standards for potential borrowers.

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June 26th, 2014

Spotlight on Success: How Tommy Paid off $34,000 of Student Loan Debt Years Ahead of Schedule

Spotlight on Success: Tommy

Here at Credit Karma, we love success stories. We’re inspired when we hear from members who took control of their finances and made major improvements to their credit health. Tommy, an intensive care nurse from Canton, Texas, is a Credit Karma community member who paid off his student loans several years ahead of schedule. Read more to find out how!

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