Want to own a home? You may want to ditch the big city. We consulted our data to find the US cities where the highest percentage of Credit Karma members had mortgages, and small cities dominated. Of the top 15 cities, none had more than 250,000 residents, and all but three had less than 200,000.
It’s been a hugely exciting time at Credit Karma the last couple of months. As you might have read in the news, we closed a $175 million Series D financing round at the end of June, to help us drive major new additions to our product that we think will make Credit Karma an even more efficient and effective tool.
Where the US cities with the highest average mortgages were all out west, the 15 cities where Credit Karma members had the lowest average mortgage according to our data* spread all over the country: the Midwest, South and Northeast.
If you’re thinking about buying property in California, you might need to see how deep your pockets go. While the Golden State is known for its beaches and endless summers, it’s also home to some of the priciest real estate in the country. According to Credit Karma user data,* of the 15 U.S. cities where our members have the highest average mortgages, 14 were located in California.
Americans bought 16.5 million new cars in 2014. And where there are car sales, there are car loans. To find out where people are buying cars in greatest numbers, and taking on debt to do so, we scoured Credit Karma data for the cities with the highest percentage of open auto loans. Is your town on the car-mad cities list?
Google veteran Nikhyl Singhal on his reasons for launching his next adventure at Credit Karma.
Credit Karma won a gold medal in the Financial Services/Banking division at the 2015 Edison Awards, which recognize innovation. It put us on an esteemed list of winners, alongside global giants like Gillette, LG, Pepsi, Yahoo and Hilton.
New Credit Karma tool includes financial education information for the 15 million Americans with a "thin credit file" and no credit score.
Credit Karma welcomed its 35-millionth member. This means that our platform now accounts for about 16 percent of the US population that has an open credit profile with one of the three major bureaus.
For years, Credit Karma has proudly provided credit scores to millions of members. Then, we upped the ante by adding free credit monitoring, account monitoring, and, most recently, weekly TransUnion credit reports.