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Home » Best of, Credit, Reviews

Credit Karma Review

Last updated by on August 6, 2016

Ever since I first brought up Credit Karma in my 10 free financial services post (yes, you can get a free Credit Karma account), I’ve had a ton of curious friends and readers ask me questions. That prompted me to write this Credit Karma review.

I’ve now been a Credit Karma user for over 5 years, and update this review every few months to reflect my experience. The most common questions I receive about Credit Karma are:

  • Is Credit Karma free?
  • What are the benefits of using Credit Karma?
  • How does Credit Karma make money?
  • credit karma reviewIs Credit Karma safe?
  • Is Credit Karma a scam?
  • How accurate is Credit Karma?

I had all of those questions myself. And I did some research. So what follows is a Credit Karma review that hopefully answers these questions about the service, benefits, and whether or not I’d recommend creating an account.

Is Credit Karma Free?

Is Credit Karma really free? Yes, it is. 100%. This was a big question that I had going in. You’ll notice with most other “free credit score” companies, when you sign up for their service, they ask for your credit card. And then, a month later, you’ll unsuspectingly get charged. After going back to read the fine print, you’ll notice that free was really only free for the first month, and if you didn’t cancel your subscription, you’ll get a monthly charge. That’s why they asked for your credit card.

Not at Credit Karma. In their FAQ’s they state:

Q: Is Credit Karma really free?

A: Yes. Credit Karma is always 100% free.

Q: Does Credit Karma require a credit card to sign up?

A: No, and we never will. Credit Karma will never ask you for your credit card number during the registration process or at any other time.

I can confirm this is true. There’s really no way to get screwed on unsuspecting charges with them.

What are the Benefits of Using Credit Karma?

Here’s a rundown of all the free benefits you can get from a Credit Karma account:

  • Credit KarmaTransUnion Credit Score: It is continuously updated so you can see how it changes as you make a change that will impact your credit score. You can also see how that score compares nationally, and you get an overall grade.
  • Equifax Credit Score: Credit Karma also offers Equifax credit scores, in addition to TransUnion credit scores. That makes free scores for 2 out of the 3 major credit bureaus. Both scores use the VantageScore 3.0 model.
  • TransUnion Credit Report: Credit Karma has free credit report access too. Access is to your complete TransUnion credit report and you can check it any time (it updates weekly). This gives you more consistent access to credit reporting throughout the year (versus just once via, allowing you to frequently monitor your credit report and correct any errors or discrepancies.
  • Equifax Credit Report: TransUnion credit reports were added in late 2014, and shortly afterward (January, 2015), free Equifax credit reports were added as well.
  • Free Credit Monitoring: Credit Karma has now even started offering free credit monitoring in addition to their other free services.
  • Credit Card Spend: You can easily track your credit card spending by category (similar to Mint)
  • Credit Factors Report Card: This is definitely a nice feature. You get to see a grade on each of the factors that go into making up your credit report: credit utilization rate, payment history, age of accounts, derogatory remarks, total accounts, and credit inquiries. Good stuff to know if you are looking to improve your credit score.
  • Credit Score Simulator: This is probably the most useful feature on Credit Karma. You get to simulate how taking certain actions (i.e. closing a credit card, opening a new one, increasing your credit line, etc.) would likely impact your score. I was surprised to see how little of an impact opening or closing a credit card account would have. Definitely good to know.

How Does Credit Karma Make Money?

You’re probably wondering how Credit Karma makes money if they don’t charge you for their service. It’s a legit question to ask. From everything I’ve seen, they have almost an identical business model to If you’ve signed up for Mint’s service, you’ll periodically get Mint partner offers that could potentially save you money. It’s a form of advertising. Credit Karma has the exact same model: ad-based offers from partners.

You can elect whether or not you actually want to receive these offers right on the sign-up page under communication preferences (and you are even opted out by default). I appreciate the transparency and that I didn’t have to find some secret unsubscribe link hidden deep in the site somewhere.

credit karma communication preferences

Is Credit Karma Safe?

Any time you are dealing with your credit, you want to make sure your privacy is safe and secure. Is Credit Karma safe and secure? Without a doubt – Credit Karma is extremely safe.

is credit karma safeWith any credit service, you are and must be identified by your Social Security number. With some new account registrations, you may only need to use the last 4 digits (see image). Others required the full 9 digits, if your records are harder to find. Either way, this is only for first time retrieval – and your Social Security number is not stored on their servers.

To keep your privacy safe, Credit Karma also boasts the following privacy, safety, and security measures:

  • Credit Karma uses 128-bit encryption to secure the transmission of information to our site (note the “https” in the address bar).
  • Independently certified by digicert
  • Credit Karma will not sell or rent your personal information to third parties for any purpose.
  • Accounts are read only – you can’t execute any transactions (transfer money or pay bills). And there is no credit card information to be stolen.

Is Credit Karma a Scam?

Before signing up, I wondered “Is Credit Karma a scam?”. Free credit scores and reports? Who does that? But, after researching and using them myself, I can tell you Credit Karma is definitely not a scam. They are a legit company with a legit business model that has been around for years now.

is credit karma a scamCredit Karma is a digicert certified company. And through BBB (Better Business Bureau), they have a strong history of responses and complaint resolutions to customers. That is reassuring.

Power in numbers is reassuring as well. Credit Karma surpassed 50 million members in January of 2016.

Also, they recently received additional funding of $175 million from investors – which brings their total funding up to $368.5 million. That is a sign of confidence in their product and business model, but those who have done in-depth research on the company.

I’ve never once been charged, never once had my identity stolen, or had any complaints of any kind in the 5 years I have used Credit Karma.

How Accurate is Credit Karma?

A lot of people want to know if the scores you receive from Credit Karma are accurate. By “accurate”, I’m assuming they want to compare the Credit Karma credit scores to a FICO score (which is commonly used by lenders to judge your credit). I crosschecked. Your experience may vary, the but scores that I have received from TransUnion and Equifax through Credit Karma are usually with 1-2 points of my FICO score. That’s less than a 1% spread – which is basically no difference when you are judged for a credit approval. The credit rating companies have gone out of their way to have similar rating models, and FICO uses TransUnion, Equifax, and Experian data to calculate their scores.

Final Thoughts on Credit Karma

The only Credit Karma complaint I have is that there are a lot of offers in the interface when you log in to your account. It’s a minor annoyance, but this is how Credit Karma makes money, so I’ll take that trade-off vs. having to pay for the service. You are under no obligation to sign up for them.

All-in-all, Credit Karma is a super useful service that I think everyone should have in their financial arsenal. You’re basically getting for free what many other services like Equifax, TransUnion, and Experian are charging $15 or more per month for. And having used other credit score reporting service in the past, the nice graphical interfaces, report card, and Simulator tool make Credit Karma much more useful. I highly recommended their service to anyone and score it as a 5 out of 5 stars. Please share your Credit Karma review below.

Get a free Credit Karma account here.

About the Author
I am G.E. Miller, & this is my story. My goal is financial independence ASAP. If you share that goal, join me & 10,000+ others by getting FREE email updates. You can also explore every post I have written, in order.

  • Bob says:

    I started using Credit Karma last week. It was great to see my credit scores for free. My credit looked great and within four days it climbed higher when I clicked the update tab. However .. over the weekend I was hit with 5 expired, pass the statute of limitations, negative collection accounts I aquired from my prior divorce thirteen years ago… this action brought my score down below six hundred. I also received a collection letter from Bureau of Collections Recover today for a credit card that was closed twelve years ago. I now wish I haven’t signed up for Credit Karma, because it has opened up a can of worms for me; and that will use up my time and patience to correct. Hope this is just a fluke and has nothing to do with Credit Karma.

    • Denise says:

      Are you saying that you have never checked your credit report in all this years and when you finally did with Credit Karma, that opened up a new can of worms?
      I don’t see how that could have happen unless creditors get your new info when you inquire about your accounts, idk maybe that’s how it worked.

      that sucks though but honestly ,don’t blame CK, this was bound to happen anyways, it’s like we all need to face up to our responsibilities at one point and maybe the same thing would have happen if you were to get a new car or something.

      Wish you all the luck though, I would like to use CK to help build up my credit since they have a nice credit repair feature, i hope this works.

      • Free Mee says:

        Facing up to responsibilities??? Best answer? File f=ing Bankruptcy. Free yourself of ALL debt. Its. awesome getting a punch in on the greedy banks and credit card crooks. Ha Ha Ha Ha

        • Rose says:

          Only financially irresponsible people have to file bankruptcy. GROW UP and act like a responsible adult

          • nicole says:

            Being irresponsible has nothing to do with filing for bankruptcy. Smh. I hope you never find yourself in this situation and have to eat your words.

          • skstars says:

            This is not a true statement. I am a very financially responsible person and for reasons out of my control had to file for bankruptcy. It was one of the hardest decisions I have had to make.

    • Bob says:

      If it’s over 7 years old, contact the credit reporting agency and tell them it’s over 7 years old and needs to be removed. Actually this should be automatic. You are also entitled to a set of free credit reports since this is a set of negative impacts that sort of just showed up.

      As for the collection agency, you should follow the guidelines of the federal fair credit collection act.

    • Shaun says:

      If you have old accounts showing on your report, it is very simple to dispute them with all 3 bureaus, and it takes about 5 minutes per bureau to dispute them online.

      Just go to each bureaus website and find the dispute button. It is pretty self explanatory from there. Each account you dispute has 30 days to respond, if there is no response, then the bureau removes that account from your credit report. I did this over the last month, and my score jumped 40 points due to creditors not responding, or accounts being too old.

      Hope this helps!

    • Deb says:

      anything over 10yrs old has to be wiped off your record. do not pay a cent to them and tell them so. I had the same problem pop up on me from 20 yrs ago…lol…

  • smedheat says:

    credit Karma rocks. it is a useful tool. for me, it was accurate within 4 points of experian so i can’t complain. you should use annual credit score plus credit karma, as someone pointed out. 🙂

  • Will says:

    I have used Credit Karma for nearly 5 years now. I cant even recall my thoughts when I first signed on because there were no reviews such as this one. I suppose I took a risk signing on, although everything on their sight was secured and looked legitimate. When I first signed on I was 22, had a reposed car, 1 credit car, a couple student loans and a very poor score, somewhere around a 515. At first I didnt use the site like I do now, but I could check in every two months or so and it would show a slow increase. I paid off the balance on the repo’d vehicle which brought up a discriminatory mark that had nothing to do with Credit Karma, just my credit score. Since then I have been able to keep a close eye on my credit and for the first time ever, I have a 701 credit score which I give Credit Karma my thanks because they were able to show me what I needed to do to improve my score, and I did it!
    I am just married, bought a car with the lowest interest offered,my score is only improving, and I show ALL of my friends and family Credit Karma because of what it did for me.
    I suppose if you have no intention of attempting to fix your credit, or pay off your debts, then maybe this site wont benefit you the same. It took me several years to overcome the ‘rock over my head’ because of the repossession but now I have flawless payment history, I have 21 accounts opened throughout my years, only a couple of hard inquiries on my history at this time, and a solid understanding of my credit and what it is.
    Thanks for everything Credit Karma and good luck to everyone else with your ventures and I hope this helps.

  • Richard says:

    Creditkarma doesn’t provide Fico scores. It provides you its own credit scores. This was not disclosed anywhere on its site, so it’s a SCAM. If it’s FICO you are looking for, look elsewhere.

    • Ray Zinn says:

      Richard please see my comments below. I wouldn’t call the site a scam. Unfortunately The Fako Scores are not the real FICO score but since they are for the most part what we will get when we buy from the credit agencies as you may well know. After all that’s how we on the Fico Forum know all too well don’t we.

  • Ray Zinn says:

    Only a couple of caveats.
    The score they supply is not the actual FICO credit score but a score that Trans Union gets using their own scoring system.
    There are three credit bureaus, Trans Union, Experian, and Equifax. Each uses a proprietary scoring system as well as the FICO system. If the score number is proceeded by the FICO name it is the true score that banks use when checking your credit.
    The banks, and other places that you apply for credit at, may use all or only only one of the credit agencies as they see fit.
    All of the other credit info supplied is as found in your actual credit report in summarization form.
    This score may be used to give you an approximate idea where you stand score wise.
    In defense I will also say that if you were to pay for the score directly to the companies it’s a good bet that they would give you a “Fako FICO” score as well. For now the only place that I trust for the “real” score (must pay for ti tho” is at “”. Honestly I have have no other problems with the site (Credit Karma) and do appreciate the chance to get credit information for free with no strings attached.

  • d brown says:

    is the credit score only from transunion or are all three companies included?

  • Jesse K. says:

    I just signed up for CreditKarma and it seems they no longer require your full social. It just asked for my last 4 digits

  • Ray says:

    @ robin:
    As far as I know personal (meaning you) looks do not show or lower your score, only a valid check by someone you are looking to apply for some credit from, IE new bank card, car, house, personal loan etc. But it does seem that when you do check, it actually helps by pushing the time stream back. You should go to and ask more in their forums (just a user like you) This site (credit Karma)is also informative

  • Ray says:

    Please see my reply above “jan, 8th” about this scoring system.

  • Bruce says:

    I have an account with Equifax and they treat the credit score as something they will give me (as a valuable client) if I pay them a fee. Why shouldn’t we all be able to get our credit score for free. I appreciate the service of These credit reporting companies (Experian, Equifax, TransUnion) have a hell of a lot of power in our lives….just who are these people anyway?

  • Denise says:


    IF I use CK, can I truly use it to not only know my credit score but to also help rebuild my credit score? I know there is a fee but does this really work and if so how?

    I’m working really hard to rebuild my credit.


  • Denise says:

    Question, IF I use CK, can I truly use it to not only know my credit score but to also help rebuild my credit score? I know there is a fee but does this really work and if so how?

    I’m working really hard to rebuild my credit.


    • Ray says:

      You do not need to pay a fee.
      You use the information given in the report.
      The report will show you where you are having problems. You should follow the advice given to change what the report shows. IE high credit card (CC) balances should be reduced to as low a number as is possible, in as short a time as possible.
      Reduce the number of cards you use. Also DO NOT close the accounts of the cards you choose to no longer use, since part of their algorithms takes into account the length of time you’ve had the cards, the longer the better even though you don’t use them.
      DO NOT open any new cards or store accounts no matter what incentive they offer, just tell them no thanks.
      Use only one primary card for all credit purchases
      Also get and use a card that offers money back,(I use Discover)
      doesn’t help your score but you’re getting something for nothing if you pay your balance off each month.
      All this may see hard at first, but your will power to resist impulse buying has to be strong.
      Another thing is to actually ask the CC provider for a higher limit, this is because the algorithm they use also uses the limit /actual money used ratio to judge/rate your spending habits. They like to see about a 3 Percent limit to balance ratio.
      Only very judicious spending habits over time will bring up that all important score.
      Please logon to and get a lot of more info from the other members on how so many of them increased their scores. It is free just like this site. They offer discounts on getting scores from the other CCRs. I wouldn’t get any of the credit score tracking stuff, you don’t need anything more than what you can get here.
      For your information my actual Fico scores from all three CCRs (Credit Card Reports) are 800+ so I know it works.
      Use this site get an idea as to how well you are doing since free is good.
      Also see my replies elsewhere here.
      Good luck to you. Wanting to do this is a good start.

  • Brad C. says:

    I use credit karma and love it! It is so easy to use. Thanks for this great review.

  • brittney says:

    How can i change my account name…

  • Ray says:

    Good question, I searched the profile I have and it allows one to change everything except your name and address.
    Perhaps you can delete the account and then rejoin with a different E-Mail address.
    Your E-Mail account should allow you to add new / different addresses using a different prefix but using the same suffix (@*****.com, net, org, or what ever suffix) you now have.

  • RAY FRANKLIN says:

    I have had ck for only 3mo and find it to be very valuable , it already alearted me twice of report changes. 1 hard inquiry another use improvement. BUT simulator is crap it does not work there have been thousands of complaints about it. Its responses are not valid. This is offset by the good things it does. Too many, way too many to enumerate.

  • Jennifer Rouillard says:

    I wonder how accurate it is… I have a credit card I owe on and outstanding hospital debt from 4 years ago that doesn’t show up at all. All my other stuff shows up. Also I noticed people were questioning if you have to give your ss#. I just signed up with them today and you do. Your full number not just the last four digits. Which I would assumed.

  • Jennifer Rouillard says:

    Not everything was on this report for me. Some credit card debt Ive had for awhile also a 4 year old hospital bill that is outstanding. I wonder how accurate it is if things are missing.

  • Donald says:

    So, what is the scoop? Do you give them your full SS number or just the last four numbers?

    If just the last four numbers how do they know me from Joe Schmo who has the same numbers?

  • shavonta says:

    it only ask for your full ssn if u enter something in worng or answer some of the questions wrong. It want to make sure it no fraud going on if you enter in something incorrect.

  • Rick M. says:

    I’ve used Credit Karma for several years and have also turned on my kids, now adults, to the site. I have nothing but good things to say about the value you receive for the effort it takes to get started. You see the direct implication of your actions to your credit score whether it’s accepting a new credit line at a local mall department store or an offer for 0% interest for the first year on a new credit card.
    Everything you do and are impacts you credit score. For example, I noticed my auto insurance score dropped about 10 points one month even though I had no tickets, accidents or claims of any kind. However, it dawned on me it happened to be the month of my birthday. Although I can’t confirm age discrimination by the insurance companies through Credit Karma, my insurance agent did confirm that regardless of your record, your age is considered. Try fighting that battle alone. :-\ Time to call AARP 🙂

  • Fatine echenique says:

    I signed up with creditkarma 3 or 4 months ago now… Of course at first I didn’t believe for a second the “it’s all free part “… Nothing is free nowadays lol! Well from my experience I was never asked for a credit card number n I never paid a penny. Now I believe the way they make their money is by advertising different credit cards with lower rates .. I have not signed up for any of those offers yet…but some of them look appealing !
    At the end of the day I am able to check all kind of info on my debts n that’s what matters to me at this point!

  • Brian says:

    I didn’t see anything about whether they give all three credit scores like the other site, do they?

    • Ray says:

      No, also don’t know what the other site of which you talk. This site gives you a Trans-union score.

      You may want to go to You can get al three scores and reports for a cost, they may be offering a discount for now.

      You may also check with your Credit Card providers as some of then now offer that info for free. My Discover card does that now and includes a short report also, not a complete one.

      I have more info above under Ray, the first name only, no last.

  • al says:

    I have a freeze with all of the credit agencies. Will CK still be able to access my score with the freeze in place?

    • Ray says:

      I believe that a freeze (a good thing to do) only prevents anyone from opening up any new account with your info.

      A freeze is easy to for anyone wishing to get strong protection from ID Thieves.
      One problem is that it even keeps you from getting a new credit account (not to be confused with using your existing cards) unless you give a private code to them and unlock the files at each agency first.

  • Sharon says:

    I am still considering Credit Karma. I don’t mind fees so much as getting locked into months of payments and then having to try to remember to cancel cause you can’t afford it. And if Fico is the only score sets that matter, why do any of these other agencies exist?

    • Ray says:

      Not sure about the fees you mention, but I don’t think they apple here. It was a free site that gets its money through the ads and Credit Cards offerings here.
      The Fico scores are the actual scoring system the banks and other credit agencies access when you apply for any credit.
      On the My Fico site (managed by the Fico organization which created the system) they offer a number of ways to get the credit reports and scores from the three major credit reporting agencies, for a fee of course.
      The score / report are a one time pay only, not the auto charge renewal like you mention.
      This site,as far as I know gives you a free score and perhaps a short report.

  • G.E. Miller says:

    I think you’re thinking about Credit Karma does not require you to enter usernames/password for other sites in order to function.

    • Ray says:

      But how do the people confuse the two sites since they are leaving their comments here?
      This has happened a couple of times.
      I have tried to answer all of their questions, but can’t give any on those particular questions, especially this last one which really confounds me.

      • G.E. Miller says:

        Honestly, I know for a fact that there are a few trolls on this post by IP logs. Whether they are competitor company trolls or just confused wanderers, I don’t know. Probably a combination of the two. The ones I know for sure are trolls, I am marking as such.

        • Ray says:

          Agreed, that had crossed my mind.
          Nuff said, don’t feed the Trolls, will take my own advise.
          But will continue to apprise others that the stated(when they occur)does not apply to this site and should be ignored.

  • Jeremy says:

    I have Credit Karma as well as other services. I know each service has it’s own models to which it provides score off of, and it seems there scores lower significantly lower then the rest. I noticed that the main thing they’re trying to solicit me is a service to “fix” my credit, so it’s my opinion this is why there score is lower. Would not consider there service a scam, but I recommend exploring other options as well. I have a credit card that now gives me updates and is seemingly accurate without trying to sell me any services which makes me feel much better.

  • Robert says:

    Just signed up, only asked for last 4 digits of SSN – not entire SSN.

  • Susan says:

    Credit Karma is probably the best credit service available, and it is completely free! Not a scam, completely legit. I couldn’t be happier with their service.

  • New CK User says:

    I just signed up for a new CK account a few weeks ago and want to report that this Credit karma review was spot on. I’m really excited that I was able to get all of the benefits for free, especially the credit monitoring. Credit Karma is clearly safe to use and not a scam.

  • Coce says:

    I started to sign up for CK, but when it came to entering my SS #,
    it wanted all 9 numbers, not just the last 4 (as others stated in this forum). I immediately backed out of the sign up process to further look into reviews and see what I was getting myself into. I don’t feel comfortable supplying my entire SS#. Why are some people saying they only had to enter last 4 numbers, but I was asked to enter the whole thing?

    • G.E. Miller says:

      I confirmed with CK that in some cases they need all 9 if they cannot confirm a correct match with just the last 4. Other credit reporting services require all 9, so I wouldn’t be concerned. Every credit service uses SS#’s – it’s how the credit companies identify individuals and report on them, because many individuals share the same name. It’s your only unique identifier.

  • Antonio Bellamy says:

    I was wondering why my transUnion score went down 29 points in a month? But my Equifax score went up 11 points. Very weird to me. I pay all my Bills on time every month and I still have a credit score over 750 on both transUnion and Equifax. I did notice they added a closed account on my report but I paid it off in full and was never late making a payment.Someone told me that credit karma was doing a new type of sco

    • Antonio Bellamy says:

      If someone can help me with this issue please feel free to respond to my question. Thanks…

      • Melissa says:

        I had this same issue. My score dropped over 30 points but my payment percentage increased and I paid off a few collection accounts. I don’t understand at all. I am assuming they did something different in how they calculate the scores maybe? This is very frustrating when trying to improve my credit!!

        • G.E. Miller says:

          TransUnion, Equifax, and Experian all have different calculations for their score. Additionally, the timing that information is reported to them can vary (and might not be reported at all), so the impact on your score will vary. While it is odd to see one go up and one go down, those are the reasons why. You can check your credit reports on the latter to see if they have varying information.

          • Antonio Bellamy says:

            Thanks GE Miller. I called transUnion and Equifax and they said I had derogatory mark That was reported later rather than earlier. I also noticed the score that went up dropped the next week which put both of my transUnion and Equifax around 743 and 753 respectively. He assured me as long as I keep all my accounts in good standing they should continue to creep up monthly. However the derogatory mark from five years ago will go off in September ’16 and my score should return or be higher than it was before they dropped. Even though I paid this particular account off it was in collections therefore it will still be put as derogatory on my credit report until it’s removal in September. Thanks for your advice again.

        • Antonio Bellamy says:

          Hey fae since those accounts were in collections when you paid them off it will still be put on your credit report as derogatory. Once those accounts get removed from your credit report your score should rise respectively. However your score should still continue to rise a little monthly as long as you keep your accounts in good standing. I call transUnion and Equifax and this nice lady explained it to me.

        • Antonio Bellamy says:

          Hey melissa since those accounts were in collections when you paid them off it will still be put on your credit report as derogatory. Once those accounts get removed from your credit report your score should rise respectively. However your score should still continue to rise a little monthly as long as you keep your accounts in good standing. I call transUnion and Equifax and this nice lady explained it to me.

  • Joanne says:

    I’ve been using CK for a couple of years as I’ve been really working on improving my scores. I logged in this week and with no real changes other than $34 higher credit utilization my score dropped 84 points while last week it jumped by 51 points. I’m wondering what is going on as nothing major has taken place. Help!?

  • Fay says:

    My ck report doesnt show my employment on it. I’ve been at the same job for 10 years. It says housewife which i was until 2006. How do i update the information?

  • Mike Jones says:

    It’s the BEST!

  • Poor To Good says:

    I’ve been using CK for about three years now. I was able to bring my poor credit from high 500 to a 730. CK was able to collect all my debt and in one place which helped with managing it. Took CK advise and tips about utilizing low percentage on CC to bring score up and it worked perfectly. Best of all I didn’t spent a penny on this CK. Would recommended it highly.

  • Lionel says:

    My wife’s wallet was stolen. I set up a ck account to see what the report may show if someone tried to buy anything on account. I found that it appears whoever stole the wallet set up an account. How can I contact Credit Karma to get this straightened out.

  • Selden says:

    I have been using Credit Karma for several years, and am generally pleased with the ease of obtaining this information, with one caveat.

    CK consistently gives me poor scores for having too credit card accounts, for too long, which seems like a conflict of interest with credit card and other financial offers on their site. These are listed as minor factors, and I have no intention of opening additional accounts to “improve” them.

  • Madam Val says:

    I have been using Credit Karma for a year now, it’s great to help those who need to clean up their report and it’s very informative to those who have no idea how credit works. Yes they are free of charge and only get their information from two credit agencies. (Transunion and Equifax) Not all information or scores are correct. My score on Credit Karma said 580 but after speaking with my broker he ran a hard inquiry and found it to be 672. Just remember there are 28 FICO scoring brackets. And “You get what you pay for”

  • Curious Person says:

    So when Credit Karma gives you your scores are they “running” your credit, are they hurting your credit?

  • Madam Val says:

    Credit Karma is sponsored by the companies they offer, this is how they are able to give this to you for free. No matter what company you use to check your credit it does not hurt your credit. Only hard inquiries from lenders such as if you were trying to get mortgage, auto, credit card etc.

  • Selden says:

    It’s not Credit Karma. I just submitted an application for a home equity line of credit, and was told that there was a record for a $124,000 mortgage that was paid off 6 years ago. Fortunately, I had the PAID IN FULL paperwork in my safe deposit box.


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