Pricing and Features
The great thing about Credit Karma is that there is no pricing or subscription plans of any sort, which means that you are able to obtain your credit scores and reports freely and without any charges. You can also have a clear overview of your credit reports which includes highlights for important information. Moreover, you will be able to understand the factors that influence your score, so that you can take proactive steps to keep your credit healthy.
As if that were not enough, you will also be issued a detailed credit report card. Think of it as your typical school report card, where you are given a grade based on how well you performed for each subject. In this case, you are graded for each factor that has a significant impact on your credit report: credit utilization rate, payment history, age of accounts, derogatory remarks, total accounts, and credit inquiries. With this tool, you can see which factors you will need to strengthen to improve your credit rating.
Lastly, Credit Karma offers you their Credit Simulator. You will have a simulation on how taking certain actions will affect your score, such as opening or closing a credit card, increasing your credit limit and opening a savings account. This way, you can see if a certain action that you are planning to take will have a significant or little impact on your credit score.
Ease of Use
Credit karma has a very useful help center that you can refer to not only when you are having problems with your account, but with you credit as well. You can find several links to solutions to common issues like changing your email address, recovering a forgotten password, reporting an incorrect credit information and more. There are also articles to help you with the site’s features and account settings. Moreover, you can submit a request and leave your own description of your inquiry and their customer support team will be happy to assist you. Last but definitely not the least, you can visit their credit advice center where a whole community is dedicated to sharing their financial solutions and experiences.
Free But Not Cheap
For a free credit reporting service, Credit Karma’s offerings seem to be at par with the services from paid subscriptions of other brands. They offer mobile apps both for iOS and Android devices, and they even have social media accounts in Facebook, Twitter, Google+ and YouTube. They are definitely not behind the times in keeping up with the latest trends and technology.
What's the Verdict on Credit Karma?
Credit Karma Review 2020 – Conclusion
With a few minor comments, Credit Karma is definitely an excellent choice for a free credit reporting service. Competitor brands better look out and start offering more for their users, since this service can give almost the same features for no cost at all. Plus, with great additions like the credit report card and credit simulator, you are sure to be on the right track in making your financial decisions. Don’t let another minute pass, go try Credit Karma and get your free credit report now!