Sure, some individuals will inevitably “kill the messenger” for bearing not so great news about their credit health insurance thus complain concerning the company itself. But that’s to become expected of an company that deals in free credit ratings . and consumer data. And determined by user reviews, Credit Karma carries a rating of “Excellent” on WalletHub, with mostly 4- and 5-star user reviews.
The undeniable fact that WalletHub and Credit Karma compete in a few respects might lead many people to expect a rather different tact according to this issue. But we applaud any well-meaning effort to help individuals improve their financial literacy. And while we aren’t ashamed to state our obviously biased belief that WalletHub is often a better tool, that simply means we’re especially legit. With that being said, we’ll show you a bit more below why Credit Karma is above-board.
Is Credit Karma Safe? It’s certainly not our position to explain to you whether you ought to be comfortable trusting your financial information to your particular website. All we can easily do is supply you with a sense of what’s bad and good about Credit Karma’s security and permit you to decide upon yourself.
We’ll begin with the bad because that’s obviously where any problems would reside. Checkered Past: The Federal Trade Commission once levied charges against Credit Karma for allegedly misrepresenting the protection standards of the company's mobile application and failing to take reasonable steps to guard users’ personal info. Credit Karma and also the FTC reached an arrangement in 2014. But such issues could reflect a firm culture that’s vulnerable to future security breakdowns. Bank-Level Encryption Standards: Credit Karma’s website uses an “https” relationship with 128-bit encryption.
Post a Comment
Post a Comment