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 3rd, 2016

The 10 Cities Where 18-24 Year Olds Have the Most Accounts in Collection

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.

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November 3rd, 2015

Keep Credit Reports Out Of Employment Decisions

Is it right for an employer to check a potential employee’s credit report, as an assessment of their character? Two weeks ago, Elizabeth Warren, Democratic Senator from Massachusetts, hit the headlines with an op-ed in support of the Equal Employment for All bill she helped introduce at the end of 2013, which would outlaw such an action.

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August 27th, 2015

Weddings, Marriage and Money: Credit Karma Survey Findings

Couple getting married

In July 2015, along with research company Qualtrics, Credit Karma surveyed 500 Millennials (ages 18-34) and 500 Baby Boomers (ages 50-65) in America to compare their beliefs and behaviors toward getting married and building a future.

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August 26th, 2015

4 Myths About Credit Cards That Should Be Retired

Man holding a credit card and talking on the phone

Until recently, it could be expensive and confusing for the average consumer to access their credit scores and reports. A side effect of this was a proliferation of rumors about the best way to manage credit. Like any good urban legend, it’s hard to know exactly where these got started. Since Credit Karma launched in 2008 we’ve heard a lot of them and have done our best to put them to rest.

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August 19th, 2015

Introducing the “My Money Story” series

A lot of people are embarrassed to talk about their finances. At Credit Karma we want to change that. That’s why this week we’ve launched a new video series, which will run through the next few months, featuring real people talking about their journeys with finances, credit and debt.

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August 7th, 2015

About that Facebook patent…

Much attention was given this week to a recently granted Facebook patent that may open the door for the social network to create an alternative credit score system based on your social graph. Why this may not be the best idea.

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March 20th, 2015

March is Credit Education Month!

At Credit Karma, every month is credit education month. So we’re fully behind celebrating March for actually being credit education month, and we’ve launched a new website in its honor.

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February 12th, 2015

2/17/15 Tweetchat: Student Loans 101

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Join our Tweetchat on Tuesday, February 17 at 2PM PST. This week we'll be discussing student loans, with special cohost SALT!

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January 29th, 2015

2/3/15 Tweetchat: How Millennials Can Buy a Home

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Join our Tweetchat on Tuesday, February 3 at 2PM PST. This week we'll be discussing how millennials can buy a home, with special cohost Lauren!

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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.

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