Credit Karma

The world of credit scores, bank loans, and credit cards can be overwhelming. If you've ever wished you could view all that important info in one comprehensive place, Credit Karma is the perfect personal finance app for you. The app, developed by Credit Karma, Inc., allows you to check your updated credit score, browse your unique credit card and loan offers, and discover various ways to improve your overall financial situation.

With Credit Karma, you won't need to waste time applying for new cards on different sites or checking the mail for offers. Every financial tool you need will be at your fingertips by simply opening up the app.

Product Features

Credit Karma shows you the latest status of your credit score and breaks down the factors affecting it. Best of all, you can check your score as often as you want without penalty. This feature is helpful if you don't have a complete understanding of what determines your score, and it should give you a few ideas on the quickest ways to improve it.

Credit Karma also provides you with a detailed list of loans you may qualify to receive. Whether you're looking for a home loan, auto loan, or personal loan, the app will show you the amounts and interest rates that you're likely to be approved for. Additionally, if you're in the process of paying off any existing loans, Credit Karma will help you refinance them. There's a good chance you'll be able to lower your interest rate or monthly payment amount; without the app, you may never even realize that you're paying more than what's necessary.

If you're like most Americans, you've probably been receiving credit card offers through your mail and email pretty much since the day you turned 18. Sorting through and reading all of those offers is a pain, especially since you receive them whether you're looking for a new card or not. With Credit Karma, you can wait until you're looking to open one and view all relevant offers in one location. The offers you receive are based on your unique credit profile and what you're likely to be approved for; Credit Karma users, on average, get approved for new cards at a rate above 66%. When you find one that looks good, you can apply it quickly and easily right there on the app.

Credit Karma offers free credit and ID monitoring as well. Identity theft is a pervasive, terrifying problem, and the app will send you alerts if there's any sign that your personal information is in jeopardy. Additionally, you'll receive notices whenever there's a change to your Equifax or TransUnion credit reports.

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