May 17th, 2016
Do people with higher credit scores tend to see foreign policy and defense spending as more important than economic issues like unemployment and the cost of higher education? A survey of over 1,000 Credit Karma members indicates that might be the case.
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May 12th, 2016
Taxes aren’t important just one day of the year. A recent poll has found that voters want a presidential candidate who will focus the rhetoric on the piece of their paychecks going to Washington every payday. But how important that is as an issue may depend on your credit status.
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May 9th, 2016
Note to presidential candidates. Forget about hand size and wife bashing. The majority of potential voters want to know what you are going to do about Social Security, healthcare and taxes. With the election too close to call in a recent Credit Karma survey, respondents – including more than one in five undecided voters – are actually united on the issues they say are their top priorities. Only after those concerns are addressed do the priorities start to diverge with those currently having lower credit scores tending to focus on economic issues like taxes, unemployment and college debt. Meanwhile, those with higher credit scores tended to say they would be more likely to classify foreign relations, defense spending and immigration as very or extremely important.
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May 4th, 2016
Ever wonder what it’s like to be part of one of our scrum teams here at Credit Karma? We’re taking you behind the scenes to meet the Core Services team (nicknamed Team Rocket) and find out more about what they do, what makes their engineering team unique, and why they love working at Credit Karma!
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March 31st, 2016
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.
March 10th, 2016
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.
March 8th, 2016
The number eight is a symbol of good financial fortune and prosperity in Chinese culture. When you consider Credit Karma’s impact on American consumers over the last eight years, there may be some significance to the number eight.
February 26th, 2016
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.
February 3rd, 2016
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.