With the advancement of technology, consumers can access information in just a few clicks. Each day, hundreds of thousands of Americans check their credit score online.
One popular website for doing so is Credit Karma, a website that is focused on helping consumers find and view their credit score, credit report, and much more.
Is Credit Karma safe?
The site states that they do not sell any information to “unaffiliated parties”. However, it is likely that your information is being sold to “affiliated” parties instead, which may possibly include credit card providers.
What Information does Credit Karma Collect?
Some of the personal information Credit Karma may collect is:
- Your full name
- Complete address
- Email address
- Your Social Security number
- Phone number
While actively using and logging into Credit Karma should not pose a risk, your data may be sold to various credit card companies. These companies are most likely looking to provide you with cards that match your credit score listed on Credit Karma.
There is also always the risk of a cyber attack or hack against Credit Karma, where a single hacker could theoretically steal your social security number and credit-related information to open accounts in your name.
There is a possibility that you may receive junk credit card mail after you sign up with Credit Karma or apply for a credit card through them. Sensitive information like your social security number is collected by Credit Karma.
Although accessing Credit Karma is safe and secure, consumers should be aware that Credit Karma is actively “sharing” your information with credit card companies or their own internal offers.
All in all, Credit Karma is a great way for consumers to get free access to their credit scores. If you have less than perfect credit and don’t know where to go, CrediReady can help.
Our trusted network of credit repair experts can boost your score and help you qualify for the credit you need. Take a moment to fill out our free no-obligation credit repair inquiry form and start fixing your credit today!