Bay Area Residents Pay Off Debt Faster
Credit Karma Chief Executive Ken Lin says the high cost of living here, coupled with the weak economy, is making locals feel "cash poor" and thus discouraging them from taking on more credit-card debt.
How to Lower Your Credit Card Interest Rate
The better your credit, the more attractive you'll be, and you can check your score for free with something like Credit Karma (save your money for your debts!).
An easy primer on understanding and raising your credit scores
"Ten years ago, consumers didn't even know what a credit score was for the most part," CreditKarma.com CEO Kenneth Lin told me when I interviewed him recently for <em>Perfect Credit</em>.
Credit-card issuers on the prowl for more fees
"They [credit card issuers] are very good at the letter of the law, just not the spirit of the law," said Ken Lin, chief executive of CreditKarma.com, which tracks card activity.
What is Credit Karma?
Credit Karma is a revolutionary new service that provides customers with what they call the Credit Report Card. Consumers can use CreditKarma.com to see their credit reports, credit score and more for free. That's right, Credit Karma is completely free to use.
Debit or credit? One is safer for those concerned about fraud
Ken Lin, CEO of Credit Karma, said consumers who are concerned about fraud should use credit cards instead of debit cards because of the certainty of the federal rule that limits liability to $50.
PersonalFinance: What to do about your credit cards now
Ken Lin, CEO of CreditKarma, says he's seeing some issuers add "processing fees" for new cardholders...
U.S. Consumer Card Balances Decline
U.S. consumers' average credit card debt in May fell to its lowest level so far this year, while credit scores held steady, according to new data Credit Karma released June 9.
Banks, Consumers See Card Stats Improve
"The rate of charge-offs seems to have peaked in December 2009 and January 2010," said Ken Lin, CEO of Credit Karma, the advocacy group.
Credit card debt up 8% in a year, but down in S.F.
In May, U.S. credit card debt was up 8 percent since last year, according to a report from Credit Karma Inc.