FREE Credit Score and Credit Tools at Credit Karma
by Brandon Eley ~ January 6th, 2009. Filed under: Resources.
Credit Karma is an online service that offers a free credit score, along with interesting information about how you compare with others. You can see how your score compares with the entire nation, or just people your age. You can track your credit score over time, and get offers from partner banks.
One of my favorite features of Credit Karma is the “Simulate Your Score” tool which allows you to see how changes to your debt reported to the credit beuraus will affect your credit. Think paying off a card will help your credit? Maybe not. If it’s the oldest account you have open, it might even hurt your credit.
There are also other tools such as a home affordability calculator, which shows you how much home you can afford based on your income, down payment and other debt commitments. It also shows an estimated payment including PMI, property taxes and homeowner’s insurance.
Checkout Credit Karma… it’s completely free (supported by ads and offers from “partners”). If you’re planning on buying a house or car in the near future, it’s a great way to monitor your credit score for free.