Mass. mortgage balances among highest in U.S.
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 lower debt loads, but Tennesseans see some increase
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.
CreditKarma: Hawaii credit card debt drops in May
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.
Credit Scores Drop Three Points; Card Debt Down 15%
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.
CreditKarma: Hawaii credit card debt drops in May
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 Credit Scores (Seriously, They’re Really Free)
“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.
5 Questions You Must Ask Your Lender
"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.
Save money traveling with common sense and social media
"...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.
Easy ways to score free plane tickets
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.
Putting the Class of 2011 on the right financial track
Kenneth Lin, chief executive of the credit management service CreditKarma.com, says consumers in their early 20s have an average score of 617 out of a possible 850. Scores inch up as graduates learn about the importance of credit and how everyday transactions can harm their finances, he says.