#

How Much Do Americans Really Know About Credit?

Credit Karma invited more than 1,000 of our more than 60 million members to take a quiz designed by our own Chief Consumer Advocate, Bethy Hardeman, to see how many understood how credit works. Some financial concepts are better understood than others, we discovered.

Read More
#

Why Haven't Mobile Payments Taken Off (Yet)?

We’re approaching a decade since Apple launched the first iPhone in 2007, a massive leap in the evolution of smartphones that led to handheld, internet-connected computers ending up in the pockets of the vast majority of mobile phone users in America. So what is standing in the way of throwing away our wallets in favor of mobile payments?

Read More
#

Everything You Thought You Knew About Millennials May Be Wrong

A new survey by Credit Karma finds that contrary to trending criticisms, young people really are interested in “adulting” in pretty traditional ways. They are getting married and buying homes and cars in large numbers. Urban, suburban and rural 18-34 year-olds are starting families and using credit cards.

Read More
#

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

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.

Read More
#

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

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.

Read More
#

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.

Read More

Credit 101: Soft & Hard Inquiries

A quick guide to the actions that will negatively impact your credit and those that don't. Spoiler alert: checking your own credit is considered a soft pull and will not affect your credit score.

Read More