August 1st, 2016

Credit Karma Study Finds Millennials Across the Country Crave Wheels

Myth: Millennials don’t want cars or don’t want to drive.
Fact: More than 90% of millennials surveyed currently own a car or have a desire to own a car.

Continue Reading | Comments Off on Credit Karma Study Finds Millennials Across the Country Crave Wheels | Twitter | |

July 5th, 2016

Everything You Thought You Knew About How Millennials Manage Money May Be Wrong

Smart Millennials

The second installment of the Credit Karma Millennial Report that challenges many of the generalizations about millennial spending and saving habits finds young people are more in tune with the financial values of previous generations than anyone may have thought. Often perceived as irresponsible job hoppers, Millennials are actually loyal to their jobs as long as employers pay them fairly – and while they carry more student debt than any generation before, that’s not stopping them from moving forward with their lives and saving for the future.

Continue Reading | Comments Off on Everything You Thought You Knew About How Millennials Manage Money May Be Wrong | Twitter | |

June 30th, 2016

Credit Karma Takes Pride in Diverse Culture

marching2 A community outreach initiative that started modestly two months ago grew into an outpouring of support for the LGBTQI community the last weekend in June as almost 200 Credit Karma employees, family and friends marched for the first time ever in the San Francisco Pride Parade for Racial and Economic Justice. Employees from all departments along with senior executives marched in the parade, accompanied by DJ Justin James under 75 3-ft-diameter balloons, handing out rainbow slap bracelets and showing their support for the community.

Continue Reading | Comments Off on Credit Karma Takes Pride in Diverse Culture | Twitter | |

June 24th, 2016

Concern for Environment Cuts Across Credit Score Bands

electionpoll_environment-01 It turns out having clean air and water is something almost everyone can agree is important. A Credit Karma survey in late March, 2016 of a cross section of its more than 60 million members to determine what issues they considered priorities in the presidential election found that regardless of age or credit score the majority ranked the environment as very or extremely important and some segments found it even more important than others. Millennials marked the environment as very or extremely important an average of 9% more that those 65 and older and those with credit scores in the Fair range did the same 6% more of the time than those who had credit scores that fell in the Good or Excellent range.

Continue Reading | Comments Off on Concern for Environment Cuts Across Credit Score Bands | Twitter | |

June 21st, 2016

Everything You Thought You Knew About Millennials May Be Wrong

Millennial photo557

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.

Continue Reading | Comments Off on Everything You Thought You Knew About Millennials May Be Wrong | Twitter | |

June 14th, 2016

Survey Shows Concerns with College Debt Fade with Time, Credit Score

With $1.27 trillion in outstanding student debt reported last year by the Federal Reserve, this mounting drag on the economy has become a highly charged issue with as many solutions as there were candidates. A survey of Credit Karma members found that an individual’s credit score can say a lot about what issues matter to them and how that might impact their vote in the presidential election. Education was important to all respondents, but how important seems to correlate with both credit score and age.

Continue Reading | Comments Off on Survey Shows Concerns with College Debt Fade with Time, Credit Score | Twitter | |

June 9th, 2016

What Millennials with the Highest Credit Scores Have in Common

Despite the libraries of articles about how college graduates can improve their credit scores and live happier lives, the real mix of type and amount of credit and credit usage that results in the highest credit scores is still a mystery to many millennials. Credit Karma looked at the average credit card usage, limits, number of cards, inquiries and collections, plus amount of credit card, mortgage, student loan and auto loan debt for millennials in our membership of more than 50 million people to try to determine what mix resulted in higher credit scores.

Continue Reading | Comments Off on What Millennials with the Highest Credit Scores Have in Common | Twitter | |

June 3rd, 2016

Credit Karma Named Tech and Innovation Award Winner by the San Francisco Business Times

TIA

San Francisco-based personal finance company Credit Karma was recognized in the Best Financial Technology Company category by The San Francisco Business Times in its annual Tech and Innovation Awards.

Continue Reading | Comments Off on Credit Karma Named Tech and Innovation Award Winner by the San Francisco Business Times | Twitter | |

June 1st, 2016

Credit Karma CEO Shares Groundbreaking Path to a Consumer-Friendly Finance Industry in Inc.

Grayinc

Now that free credit scores have become the rule rather than the bait for a switch, the company that pioneered this change in consumer access to their own financial information is advocating for bringing more transparency to credit markets to empower people in meaningful ways. At a live talk at Collision 2016 and in this article featured in Inc., Credit Karma CEO Kenneth Lin outlined the things that still frustrate people about applying for and managing credit … and the steps he thinks are necessary to turn this essential part of a healthy financial life into an easy task that can be accomplished on any smartphone.

Continue Reading | Comments Off on Credit Karma CEO Shares Groundbreaking Path to a Consumer-Friendly Finance Industry in Inc. | Twitter | |

May 17th, 2016

Economic Issues? Priority May Depend on Credit Score

chart of economic and foreign policy issues based on respondent credit scores

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.

Continue Reading | Comments Off on Economic Issues? Priority May Depend on Credit Score | Twitter | |

Advertiser Disclosure: The offers that appear on this site are from third party advertisers from which Credit Karma receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). It is this compensation that enables Credit Karma to provide you with services like free access to your credit scores and free monitoring of your credit and financial accounts at no charge. Credit Karma strives to provide a wide array of offers for our members, but our offers do not represent all financial services companies or products.

Editorial Disclaimer: Content on the Credit Karma Blog is for entertainment and information purposes only. The opinions expressed on the blog are those of the authors themselves, and not necessarily Credit Karma or its affiliates. However, Credit Karma may be compensated by companies mentioned in the Credit Karma Blog through advertising, affiliate programs or otherwise. It is this compensation that enables Credit Karma to provide its members with services like free access to your credit scores and free monitoring of credit and financial accounts at no charge.

Archives

Categories