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Credit Karma: How to use the App to Get Credit Score and Reports

Smart customers know that their credit score affects their ability to get a loan, their mortgage rates, credit card approvals, and even a job or housing application. So it’s a good habit to review your credit report and scores frequently and not only for accuracy but also to identify ways to improve your score.

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Federal law mandates that everyone has the right to one free credit report from each of the big three credit-reporting companies like Equifax, Experian, and TransUnion. To obtain a copy, consumers have to apply through AnnualCreditReport.com, the official credit-report site. But these reports don’t include your credit score, which is an essential financial figure everyone should know. In the past, the only way to obtain it was by purchasing the score directly from each agency, which often came at a hefty price.

Credit Karma

What is Credit karma?

Credit Karma, a San Francisco–based company founded in 2007, has shaken things up by offering free, ongoing access to your credit scores and reports from TransUnion and Equifax. You sign up with creditkarma.com and do not have to register a credit card, as is often the case with other sites.

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Once you’re a member, you can track your credit as often as you like. Credit Karma also provides free online tools and information to help you understand your score. The service also offers personalized tips to improve your score, including reducing your credit utilization or improving your on-time payments.

Download Credit karma Apk

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Who owns credit karma?

Credit Karma is an American multinational personal finance company founded in 2007 by Kenneth Lin, Ryan Graciano, and Nichole Mustard.

Credit karma Apk File Info

App NameCredit karma
Version5.3.2
File Size8.4 MB
Requires Android4.0+
DeveloperCredit Karma, Inc.
Last UpdatedNov 11, 2019

How to create a Credit Karma account?

Credit Karma Sign in is very simple, provided you follow all the steps mentioned below:

Open your favorite browser such as Google Chrome or Firefox, type in www.creditkarma.com in the address bar, and then hit the enter button.

Look for the “Sign Up” button. Once the Credit Karma main page is loaded on your screen, scroll down towards the bottom of the page where there is a blue link that says, “Sign up now for free.” Click on the link to load the Sign Up page.

Enter your email address and then create a new password. Type the email address you want to use for your account into the text field that opens up. Think of a strong password and enter it into the first password box, and confirm it in the second one for good measure.

Pick a security question. Click on the drop-down menu to display a list of items and select the one you want to use to secure your account. In the text box below it, click and write the secret answer to your confidential question.

Enter your personal information. Into the appropriate boxes, enter your full name, your address complete with ZIP code, and your date of birth. No need to type the name of your state; select it from the drop-down menu.

Enter the last four digits of your Social Security Number. Notice that the first five numbers are hidden from view, with only the previous four displayed on your screen after you have entered them. Once you’re done, click on the blue “Next step” button to load the final page.

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Provide pertinent information about yourself. On the last page is a series of multiple-choice questions ranging from the places you’ve lived into the cars you own. Go down through the list, checking off all of the correct answers.

Click on the “Submit” button. Once you do, your Credit Karma account is now created and ready for your use!

Credit Karma Log in:

If you are confused on how to successfully have credit karma Log in, follow these steps below:

  • Open your web browser and go to the Credit Karma website.
  • Click on the login option at the top right side
  • You will be required to fill in your email address and your password.
  • Click on Login to continue.

Credit Karma Credit scores:

It seems too good to be true: Credit Karma will provide you with your credit score free. All you have to do is sign up at creditkarma.com, and you can see your credit score immediately. Still, everybody has heard the cliché, “You get what you pay for.” Is a free credit score really worth giving up your personal information, especially in an era when hackers are alarmingly successful at getting their hands on that personal data? Does the score hold up against what creditors would use to judge your creditworthiness?

How does credit Karma work, and how does credit Karma make money?

By accessing your credit reports, Credit Karma suggests credit products based on your current history. It also uses your credit score and history to determine which products — credit cards, loans, insurance, and other banking products and come with high approval odds.

Credit Karma tax filing:

Credit Karma Tax is a web-based tax preparation software from credit karma. They are helpful to submit the federal and state tax returns for free. They make money by offering financial products like credit cards to its users. It is an easy to use web application that guides you through a set of recommended steps so that you can complete your credit karma tax return.

How accurate is Credit Karma?

Here’s the short answer: The credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. The credit scores and stories you see on Credit Karma should accurately reflect your credit information, as reported by those bureaus.

How many points is credit Karma off:

In 2006, the three major credit reporting agencies (TransUnion, Equifax, and Experian) developed a joint algorithm to calculate a consumer’s VantageScore. Because each credit bureau estimates your VantageScore, you have three total.

You’ll get 2 VantageScores: one from TransUnion and the other from Equifax.

An increasing number of credit decisions are being made with the current version, Vantage 3.0. According to CreditKarma.com, Vantage 3.0 was used more than 8 billion times from July 2015 to June 2016.

How to delete the credit karma account?

Your Credit Karma Tax membership is a free, optional upgrade to your Credit Karma account. If you wish to continue using Credit Karma but have decided not to use Credit Karma Tax to do your taxes, you can stop using Credit Karma Tax at any time. You can go to your profile on credit karma and click on profile and settings and click OFF next to credit karma tax and cancel your account. You will now no longer have access to your credit karma account history, including your credit reports and tax documents. Alternatively, you can contact the credit karma customer service, and they will guide you with the process.

Credit Karma reviews:

Several users have used credit karma for years to track their credit score. It updates the scores monthly, showing all the factors that help and damage their credit scores.