Credit Karma - Is It Really FREE?

A several years back, Credit karma appeared all over the media and internet claiming being the only verifying company which offers you a free credit score. Now please know that this article is by no means meant to bash or invalidate “Credit Karma” being a company. In fact, they may be a fantastic company.



Is Credit Karma Really Free? The answer is yes, Credit Karma is really a free credit history reporting company. But what they have to offer you isn't going to assist you determine what your actual credit situation is much like. The main downside to Credit Karma is because they only provide you with one credit standing from one from the 3 bureaus. Which I believe is Experian.



To really understand your credit situation, you must know all 3 within your scores plus your credit reports. This is a fact. So if you are only all signs one of your respective credit scores…. Let’s say it truly is Experian, and you've a 740 credit history. You may think wow, I use a great credit history. But then later discover that your other 2 credit ratings . (Equifax and TransUnion) are usually in the low 600s, which overall you really have a bad credit standing.

And yes, your 3 people's credit reports can be very distinctive from each other. The reason is after you apply for credit or a loan, you don’t know precisely which of your respective credit scores they can be pulling and reporting to (unless they provide you with copy on the score they pulled). So understand that it pays to find out all 3 within your scores.