Credit Karma

Great way to see accounts and balances but horrible advice. I didn’t have a credit card and it said get a credit card and keep it paid off and your credit score will go up. That’s what I’m doing. My credit score dropped 36 points even though I pay it off every month.

Credit Karma is a Scam! I just checked my Transunion and it's 40 pts above what Credit Karma says.. They are way off on my history and my Home equity. What they do is make money off personal loans and credit cards making you think you have bad credit so you apply for these scams.. I caught on to them a long time ago. They have a list of the so called CEOs etc on their page.. My advice is stay well away from them.. They have a deceptive practice.. If you want your scores get them from the correct Source.

It boasts, the credit card it suggested will be approved or it guarantee some token amount. The card applied denied. When contacted Credit Karma response was poor. No reply to our email. No commitment.

Credit Karma has a client who offers personal loans...Opportun. Opportun has a form on Credit Karma's website. In August 2023 (not sure of the exact date) I filled out Opportun's form to apply for a loan...and I discovered that... towards the end, Opportun asks me for my login I.D. and password that I use to login to my bank account. I immediately stopped... It bugged me..so I tried again a few days later to see if I read it right... I did. I contacted Credit Karma twice...via online chat...to express my concern. Both times, they shrugged me off and said "contact Opportun."

Credit Karma advertised on my page the following: "We think you could lower your 8.06% APR to 2.14%." I checked their offers and found one for 3.5% and applied. I received a hard hit on my credit only to find out the best the lender could do was 7% despite my excellent credit and multiple funding sources. The lender also informed me that Credit Karma does not always pull the current interest rates and the rate CK quoted did not reflect the present rate hike. I checked two days later and CK is still touting the same information. It is my opinion the information that CK reports is inaccurate and unreliable. You are better off getting a loan through a credit union or trusted source.

Very polite. Very courteous. Very helpful. Very patient. Took his time and explained everything to me in very detailed. Went through my entire credit report with me I had a hacker open up a Capital One credit card and put me down as a authorized user. I had no idea. Didn't pay on two of the cards for over 6 months. I found this out when I was in the process of buying another house and I had just sold mine. Credit score was too low to qualify for the mortgage. Had to rent for a year. Had to hire them.

There is no way to contact the fraud department directly!!! You can only reach those in charge of customer service, and THAT'S IT!. TWO WEEKS AGO I submitted a claim because I received a wire transfer from a place I did not recognize. A wire transfer implies they have my account and routing number. So, since it was unfamiliar I reported it. I hear nothing back from them so I start looking into it myself. If they couldn't figure it out, then I was going to... Anyway, I find out the money is actually a deposit of money I gained through ad revenue on a site I own, but haven't worked on in two years. It is set up so that once a certain amount of money is earned it deposits. It's an inactive site, but it still gets clicks. So, it took a long time before I generated enough money to be deposited automatically.. Yay. Mystery solved.

Credit Karma reports my Equifax & TransUnion score change multiple times a month, which makes absolutely no sense. A creditor needs to file a new report in order for there to be a change. Not with Credit Karma. They just randomly make score changes without creditors filing new reports. My Experian credit report updates once or twice a month, usually a day or 2 after my credit card and car loan due dates. My Experian credit score has been the same thing for 2 weeks, not my Equifax or TransUnion score. Those scores change almost every other day (literally). I don’t have that much activity taking place on my credit report for Credit Karma to be making multiple changes throughout the month. I’m purchasing a house. Thank God the lender only uses Experian.

I've gotten increasingly irritated with Credit Karma over the past few months. I monitor my scores pretty diligently. I went in to see what my scores were recently and found one set dropped 27 points. I was like what??? I looked up the supposed reason for a 27-point drop and it was because I paid off a high-balance credit card!!! My score took a huge hit because I paid off a credit card??? Gees, when the other things register that I paid off at this rate, I'll have a nonexistent credit rating by Credit Karma's standards. I seriously doubt they are reporting accurate credit scores. It's very disappointing that a business that's supposed to be there to help you, is actually detrimental. Extremely disappointed in the service and don't feel like it can be trusted any longer...

Over the last 10 years we’ve noticed Credit Karma docks credit ratings in double digit increments then very, very slowly builds them back up in single digit increments even when you consistently pay credit cards off in full each & every month. They don't check balances frequently or consistently like Experian. It appears Credit Karma works to keep credit ratings low so lenders can charge customers more. Note: Experian doesn't dock credit as severely as Credit Karma.