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 20, 2016
A recent Credit Karma survey of “adulting” activities found that the only maintenance task the majority of respondents reported as regularly performing was taking their cars in for service. Overall, people are as vigilant about monitoring their credit rating as they are about going to the dentist, even though both are preventative steps that can save thousands of dollars and a lot of future pain.
Oct 6, 2016
How financial concepts are presented can have a big impact on how people feel about their bank statement. A newCredit Karma survey shows that the closer fine print is to language people use to talk to their friends, the more likely they are to find it not just helpful, but trustworthy.
Mar 31, 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.
Jan 21, 2016
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.
Dec 17, 2015
A recent study showed that car ownership was declining in America, but with over 90 percent of households still owning a vehicle, it clearly still plays a major role in most people’s daily lives. Millennials are more likely to be interested in things like ridesharing than older generations, but a large number of them are still buying cars.
Dec 3, 2015
There’s a prevailing cliche that exists about Millennials: they’re prone to living beyond their means, credit-illiterate and slightly irresponsible, enjoying the spend-now, consequences-later era of their early youth. New data shows that may not be true.