Credit KarmaReviews 186

Karma uses a combination score that is consistently 50 to 70 points below the actual scores reported by TU, EXP, and EQ. Karm reports my score as "poor" (606). I have 8 open accounts, never a late payment, one bankruptcy (dismissed, no discharge) that is 91/2 years old. Creditors offering free credit scores average around 680-690. It's low because my usage is high on several accounts (90%). Better for you to use a real FICO, not their FAKO.

I worked my butt off to improve my score, using Credit Karma to keep track. I thought they were for real, since you can track what is in your report account by account. CK had my score at 711 on TU and 710 on EQ. Foolishly applied to refinance my car loan and got rejected with a TU score of 682 according to the lender. Then tried one of those offers that keep coming in the mail from Bank of America. Got turned down with a score of 683. You can't talk to anyone at CK but I would like to hear them tell me and others they are not operating a scam, fronting for those "recommended offers" they post.

In my first review I stated that I was in the market for a new car and that I hoped the dealer wouldn't use creditkarma's scores. Well, I bought a new car and the interest rate was higher than I expected due to the low credit score I was given. Not sure if it was CreditKarma or not, but my scores from other sources was in the 730 to 750. My credit score for the car purchase was around 680. My score is now 669 according to creditkarma, but my score is in the low 700's from other sources. I sure don't understand how these scores are arrived at and why there is such a difference.

I forgot my password, so I tried to reset it. But, they never sent the instructions to my email... After trying multiple times. So I tried making a new account, but it wouldn't let me do it using the same email. In stead it sent me back to reset my password AGAIN! And again it didn't work.
So then I tried to contact them... Put in all the information, and explained the situation. But after I finished... the submit button didn't work!
This site is annoying, and doesn't work! Especially if you have a problem! I'll never use it again!

CreditKarma is a great service to review creditors to make sure your next credit service or product has positive user reviews and competitive interest rates.

The best credit site I have seen. And now with both Equifax and Transunion scores updated weekly!

The site has phenomenal tools, graphs, sorting, and multiple views to provide an excellent picture of your credit profile.

The only downside is that the scores are not true FICO but they work well enough for relative comparisons and to get a pretty good idea of your score range.

They also have an alert system for credit report changes which seems to work well but I haven't had much activity so can't really speak to that.

The site is ad and referral supported so you will see many ads for credit related products, as well as links to apply for the same. But they are not that intrusive and do not detract much from the overall site experience.

Finally, there is a totally free credit monitoring agency which allows you to access your credit scores anytime and instantly. They make their money through advertising and offer tempting products ranging from low interest car and house loans to low interest rates on credit cards, some with an introductory rate of 0% interest for a year. Yes, you can migrate your other cards to this no interest 1 year card.
-You can consolidate all your cards on this site so that you can see balances, graphs, and other useful information.
-There are so many features to this free service that I cannot begin to tell you all of them. I urge you to at least visit the site and play around.

GREAT ARTICLE ABOUT IT
http://finance.fortune.cnn.com/2012/01/03/the-end-of-paid-credit-report-monitoring/

Video For Phone App:
http://lifehacker.com/*******/credit-karma-for-android-monitors-your-credit-for-free-shows-you-reports-anytime-anywhere

Have fun.

I have been using this Credit Karma website for quite some time.
It wasn't until they lowered my credit score 9 points based on information they supposedly received from Trans Union which also changed all my credit limits of my 11 credit cards to zero. I do not mind the credit score but the false information that my credit limits were reduced to zero made it hard for me to tolerate.
I contacted 1 or 2 of my credit card issuers and they told me that my credit limits were OK and that I was in very good standing with them.
I contacted Credit Karma and they said that their records were based on what Trans Union gives them and told me to contact Trans Union which I did.
Trans Union was very helpful and they showed that all my credit card limits were OK and in good standing and told me to contact Credit Karma. Sounds like a runaround right?
So this is why I am writing this.