Credit Karma is one of many sites that have emerged offering free credit scores. The financial reform bill that just passed makes it easier to know your credit score. The Dodd-Frank Wall Street Reform and Consumer Protection Act makes it so lenders have to show you your whole credit report they use. But you can keep that from happening by knowing your credit score beforehand and taking steps toward credit repair. You are able to check your credit score as often as you like with Credit Karma and comparable websites. Article resource – Credit Karma offers an emerging new model for free credit scores by Personal Money Store.
Advertisement with Credit Karma
Advertising supports Credit Karma so it can be free. That means it won’t try and make you pay for credit score. Another place to do this would be at Credit.com, reports Consumer Commentary. Credit Karma will give a different grade depending on more categories than credit.com. Credit.com does offer different types of credit scores though. Credit Karma only gives one score that isn’t really a FICO score.
Can I fix my credit with Credit Karma?
When it comes to credit repair, the usefulness of the credit score available from Credit Karma is questioned by some. Mymoneyblog.com reports that the score isn’t really a FICO score. Your credit score from Credit Karma is a “FICO clone” with a range from 300 to 900. 300 to 850 is where FICO puts scores. Credit Karma doesn’t explain where they get your information to make your credit score, although it pulls data from Experian, Equifax and Transunion. All you get with Credit Karma is your credit score also.
Really getting a free credit score?
Credit Karma and credit.com could be very helpful when trying to build or repair your credit. Giving up some personal information in exchange for useful credit data is much better for most individuals than paying $ 89.95 a year for FICO’s Score Watch. The government can help you get information on your credit score at AnnualCreditReport.com also. You can’t get a number for your credit score, but it will tell you what affects your credit score. Stay away from sites like creditreport.com and freecreditreport.com. They say you are able to sign up for free, but after seven days they start billing your credit card $ 14.95 per month until you make them stop.
Consumer Commentary
consumerismcommentary.com/credit-report-cards-credit-com-vs-credit-karma/
mymoneyblog.com
mymoneyblog.com/free-credit-score-monitoring-with-creditkarma.html
AnnualCreditReprt.com
annualcreditreport.com/cra/index.jsp
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