Credit Karma will give you a free copy of your credit score and you only have to enter a little bit of information – name, address, confirm some of your items on your credit report to prove you are you, and that’s it.
1) This is different than the reports you can get directly from TransUnion, Expedia, etc, because they don’t typically provide your credit score – they only provide the number and status of your credit accounts.
2) One of the things I really liked about Credit Karma (I just checked mine this afternoon) is that it also provides tools to help you improve your credit score and increase it. There are some things that we all know – like pay your bills on time – but did you know I only get a C on age of credit lines because my average account age is 5 years? I had no idea. If I actually had any young accounts – say a Kohl’s card or something – I may consider closing it and see what that did to my credit score. 3) The other thing I liked about Credit Karma is that they allow you to play what-if scenarios:
- What if I take out an auto loan?
- What if I paid all my bills on time for 12 months or 24 months?
- What if I let one bill go to collections?
4) Finally, checking your score via this site will not decrease your score because it is considered a “soft” inquiry rather than one that you are applying for a new loan.