Introduction
Credit Karma is one of the most popular services offering free credit checks. This article aims to explain how Credit Karma’s free credit check works and what free services it offers to users.
Free Credit Check and Credit Report
Credit Karma allows users to obtain a free credit check and credit report without any obligations. Users do not need to enter a credit card number or subscribe to a credit monitoring service. The credit check and credit report are provided completely free of charge (as the site earns revenue from advertisements). Users can sign up for the free credit check in less than two minutes. After registration, users can continue to view their credit report and credit check for free every day. The credit score is updated daily and the credit report is updated weekly.
Credit Score Simulator
Credit Karma provides a personal simulator that tells you how certain actions will affect your credit score. Are you thinking about applying for a new credit card? Credit Karma will let you know how additional inquiries will impact your credit score. Are you paying down a credit card balance? Find out how much your credit score will increase.
Other Credit Information
In addition to credit score information, you can also find details about your debt accounts, including how much your balances have increased or decreased since the last update. Credit Karma can also recommend credit cards that you are likely to be approved for based on your credit situation. Other Credit Karma users who have applied for those cards report their credit scores and whether they were approved or not.
Conclusion
Over the past ten years since the launch of Credit Karma in 2008, it has evolved from a site for credit checks into a tool to help you improve your credit and manage your debts. It is free, and the information it provides is invaluable. When visiting the site, just make sure to enter the URL correctly. Look for a lock next to the URL at the top of your browser, and check if the URL begins with “https://”. The “s” is your indication that you are visiting a secure site.
Source: https://www.thebalancemoney.com/credit-karma-review-960468
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