Credit Karma is one of many websites that have emerged offering free credit scores. Finding your credit score is easier with the financial bill put into law. Financial reform legislation, otherwise known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, calls for lenders to show you the credit reports they used to turn you down. If you know what your credit score is already, you can make changes so you won’t get turned down. You can check your credit score as often as you like with Credit Karma and comparable websites.
Credit Karma service supported by advertising
Advertising supports Credit Karma so it can be free. It has no reason to try and convince you to pay for credit score when you look on it. Credit.com was reported by Consumer Commentary to be a free service just like Credit Karma. Credit Karma will give a different grade depending on more categories than credit.com. However, credit.com offers a range for several different types of credit scores. Credit Karma only gives one score that is not a FICO score.
Will my credit be fixable with the Credit Karma score?
When trying to work on credit repair, Credit Karma may not help you all that much. It is not a FICO score, reports mymoneyblog.com. The Credit Karma score could be a “FICO clone” ranging from 300 to 900. The FICO range is 300 to 850. Credit Karma, which says it pulls data from Experian, Equifax and Transunion, doesn’t say which bureau supplied the data your credit score is depending upon. Plus, you only get your credit score, not who’s pulling your credit, how often they are doing it or info about your existing credit lines.
Is it possible to have a free credit score?
Credit Karma and credit.com could be very helpful when trying to build or repair your credit. If you do not want to pay $ 89.95 a year for FICO’s Score Watch, the data could be very useful. The government can help you get information on your credit score at AnnualCreditReport.com also. The site will not give you a numeric credit score, but it will deliver a detailed rundown of factors that affect your credit score. Stay from websites like creditreport.com and freecreditreport.com. They bill your credit card $ 14.95 a month although they advertise to be a free company.
Further reading
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
