Nov 30, 2016
We have just launched a new version of our mobile app to put a dent in this problem by helping people reduce the cost of their debt. The updated tool guides members through the process of reducing the cost of credit card and auto loan debt, with recommendations on everything from refinancing to payment strategies.
Nov 22, 2016
When shoppers hit the counter of their favorite retailer this holiday season, they may be asked to sign up for the store’s branded credit card in exchange for a discount on their purchase. The cards are often a better deal for the stores than they are for consumers. Here is why.
Nov 14, 2016
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.
Oct 3, 2016
The CARD Act went into effect in 2009 as a way to protect college students and their credit scores from the danger of too easy debt sweetened by branded swag. The results have been dramatic and part of a larger trend in the credit industry.
Sep 26, 2016
When it comes to sending credit card promotions in the mail, credit scores are only one data point among many used by card issuers to target mailboxes for their avalanche of offers. You might be surprised when you find out why you have so many limited time offers in your mailbox.
Sep 21, 2016
Americans are shopping again and they are increasingly charging it. Growth in credit card and auto loan debt added to the $35 billion increase in aggregate household debt for a total of $12.29 trillion at the end of June according to government reports.
Sep 8, 2016
Major security breaches have become too common of a story, with retailers and websites hacked with alarming frequency. It has become so common that it can often take a fairly egregious breach – think SONY in 2014, or Target in 2013 – for something to become a high-profile news story. It also comes with a high price tag.
Jul 6, 2016
A new survey by Credit Karma finds that contrary to popular opinion, young people really are interested in “adulting” in pretty traditional ways. They are getting married and buying homes and cars in large numbers. They collectively carry more student debt than any generation before, but that is not stopping them from moving forward with their lives and saving for the future.
Jun 9, 2016
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 the millennials in our membership of more than 50 million people to determine what mix resulted in higher credit scores.