7 Top Mortgage-Shopping Mistakes to Avoid
When shopping for a mortgage don't neglect to check your credit before getting started.
When shopping for a mortgage don't neglect to check your credit before getting started.
Founder and CEO Ken Lin describes the Insight service as a way to look at all your finances in one place, for free. "Now you'll be able to look at your credit scores, all of your accounts, all of your assets, and the transactional information that comes along with it," he says. "It's an upgraded feature set that we thought was necessary."
By some estimates, nearly half of Americans don't know their credit scores -- and even fewer people would understand them even if they took the time to check. Financial advice service Credit Karma offers a pretty simple fix for the issue: Instead of charging people $10 or so per month to monitor their scores, Credit Karma offers the service for free, supplementing it with tools for tracking other financial information like bank accounts, bills, mortgages and loans. (And paying for all of it with targeted advertisements.)
Personal finance services became all the rage at the peak of the recession. It's one of those things that gives the illusion of being in control of your finances. Like how you eat a salad with dinner and tell yourself it's practically the same thing as doing cardio. One personal finance startup that landed its first round of funding during the recession--Credit Karma--announced Tuesday that it has raised a $30 million Series B round led by Ribbit Capital and Susquehanna Growth Equity, with help from existing investor Felicis Ventures. The new round brings Credit Karma's total raised to $33.5 million.
Consumer financial startup Credit Karma said on Tuesday it has raised $30 million in Series B funds to help it expand. The San Francisco company led by CEO Ken Lin said the round was led by Palo Alto-based Ribbit Capital, a venture firm focused on the financial services industry, and Susquehanna Growth Equity with participation from existing investor Palo Alto-based Felicis Ventures.
If you are a stay-at-home mom, or a stay-at-home dad for that matter, you may think your credit score is inseparable from your working spouse's credit. Not so! Everyone has his or her own score. As a Financial Advisor I urge each and every person to work diligently to improve your individual credit score. Your credit score is one of your most important possessions.
In one of the more frustrating headaches in financial disclosure, you generally must pay to see your credit score--the three-digit grade that predicts how risky you are as a borrower. But there are some sites who do give you your score for free.
We've mentioned Credit Karma's free credit monitoring services and free monthly credit scores in the past, but now you can get all of their free financial services on the go, thanks to their new Android app.
Consumers whacked down credit card debt last year, and average debt loads dropped in every state.The decline came as weak consumer confidence kept spending in check and banks continued to tighten their lending and slash credit limits for many existing customers, said Ken Lin, CEO of Credit Karma.
While Americans are known as big spenders on credit, some surveys show that since the Great Recession of 2008-09, consumers are becoming more frugal.