Intuit Credit Karma
Texans have slowly paid down their credit cards in the last year to an average $6,631 owed in May, down from $7,827 in the same month last year, a recent report showed. CreditKarma.com said Lone Star State residents at the same time are carrying more student loan debt.
Massachusetts residents are among the most credit-worthy in the country, this despite the fact that the state’s average mortgage balance is a lofty $221,671.
Americans have lowered their debt loads over the last year, according to a new report from CreditKarma.com. Nationally, the average mortgage debt per customer has dropped 2 percent since May 2010, to $172,957.
Hawaii residents lowered their credit card debt by an average of $337 in May, according to consumer credit advocate CreditKarma.com. Hawaii residents’ average credit card debt was $7,063 last month, down from April’s average debt of $7,400 and May 2010’s average of $9,006.
U.S. consumers average credit scores dropped three points to 667 since May 2010, while credit card debt plunged by 15% to $6,740 in the same period, according to data Credit Karma released Thursday.
Hawaii residents lowered their credit card debt by an average of $337 in May, according to consumer credit advocate CreditKarma.com. Hawaii residents’ average credit card debt was $7,063 last month, down from April’s average debt of $7,400 and May 2010’s average of $9,006.
“Free” in many cases actually means “conditionally free”, which really means it ain’t free. Last week I wrote about credit related processes that are 100% free but are often included in fee-based subscription services. This week I’m writing about the very limited number of websites where you can actually get a free credit score, with no strings attached.
"The penalties are typically charged by predatory lenders because they want you to be locked in to paying the high interest rate on the loan," Ken Lin, CEO of CreditKarma.com, says.
"...It isn't easy, but I'll be happy when I'm sitting beachside without worrying that I emptied my savings account or put everything on credit to get there." says Justine Rivero Credit Advisor for Credit Karma in Forbes.
While the offers might not steer you into products you don't need, they could sway you to choose one company over another, said Ken Lin, CEO of credit management website Credit Karma.