Does Credit Karma Really Work?

Does Credit Carma Work?More people are now beginning to take an interest in their credit score. Mostly because they are finding that their credit history is affecting them when they go to borrow money or make a purchase that requires financing. There are a lot of ways they can go about checking their score but Credit Karma has been putting on a big push in regards to their Free credit check.

Credit Karma is a website that you can go to that will give you your credit score simply by signing up and it is Free.

The Claim
Credit Karma indicates that they will give you your credit score for free. You don’t have to give them any financial information in order to get your score so there is no way they can hit you with hidden costs.

The Hype
The hype really focuses around getting your credit score from Credit Karma for free, so this is the big drawing feature for many that have taken advantage of their offer.

The Cost
Credit Karma is true to their word when they say they will give you your credit score for free.

The Commitment
All it is is going to take is for you to visit the Credit Karma website then sign up and get your credit score. Based on the information that you are provided with you will have to decide what steps you need to take to improve your credit rating.

You are entitled to get your credit score free once a year from the major credit bureaus. So you can contact them and get yours now but it may take a bit of time before you get the results. Now there are a few things to keep in mind about the Credit Karma offering. First, you want to make sure that you are truly going to the actual Credit Karma site and not a knock off with a similar name, which could very well be a scam. Then you also need to understand the logic behind the credit score that Credit Karma is giving you. The information they gather about your credit does not come from the same source as what the standard credit bureaus are using. Credit Karma is using real vantage 3.0 for collecting data for your credit score. While there is nothing wrong with this, most lenders rely on FICO scores to determine the value of your credit score so don’t just assume that because you have a high credit score has indicated by Credit Karma that these will be the same numbers that your lender is relying on. In any event you will get some basic insight as to where you stand financially.

Final Credit Karma Review

Overall we think this free service that Credit Karma is offering has some value to it so we are going to give it a Thumbs Up. Partly because there are a lot of scam sites out there that bait you with a free credit score that doesn’t end up being free. Do keep in mind though that Credit Karma also offers lots of paid services. So if you are opting into any of these you will have to supply your credit card information.

Our Recommendation
Having some understanding about where you credit is at serves a lot of good purposes. If nothing else it may stimulate you into being more involved in fixing your bad credit which is a good thing.

What do you think? Does Credit Karma work or not?

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