Credit Scores Fall In Spite of Decline in Credit Card Debt
According to research done by CreditKarma.com, credit card debt amongst consumers decreased by 8% nationally to $7,404.
According to research done by CreditKarma.com, credit card debt amongst consumers decreased by 8% nationally to $7,404.
Today Show mentions Credit Karma in their segment, Money 911
This year, we caught up with Credit Karma for an update on the newest advice to fit current trends.
With the recession over and the uncertainty about the Card Act behind us, "credit card companies are coming out swinging with regards to their marketing efforts," says Ken Lin, CEO of Credit Karma.
Americans still digging their way out of the recession lowered their credit card debt by eight percent nationwide since January 2010, though national credit scores are still one point lower than last year, according to the U.S. Credit Score Climate Report released by CreditKarma.com.
San Diegans clipped their credit card debts sharply over the past year, but rebounds in home prices and car sales have led to more long-term debt, according to a report released Thursday by CreditKarma.com, a San Francisco firm that monitors credit data.
After checking her credit score on www.creditkarma.com in June before renting an apartment in Emeryville, Villacorta used some credit score tips she found on the website
California consumers cut their credit card debt by 9 percent in 2010, ending the year owing an average of $7,217. That's a little better than the U.S. average, according to San Francisco's CreditKarma.com, which tracks these things -- nationwide, the typical consumer cut their credit card debt by 8 percent over the course of the year to end at $7,404 in December.
Credit Karma, a site that offers free credit scores and tools to consumers, will now let you peek at your TransUnion VantageScore and auto insurance score for free.
FOX 21 News mentions Credit Karma in their Money Matters segment.