> “With more than 40 million members, we are excited by Credit Karma’s widespread adoption by people all over the country, giving us insight into $2.3 trillion of America’s household debt. This massive data enables us to deliver top quality insights for everyone looking to improve their personal finances.”
Does CK make more money off of people with large amounts of debt? Are they chasing this demographic? I suppose that demographic might be more susceptible to following through with refinance and credit card offers than people with little/no debt.
As a CK user I am not too worried. It's been clear to me that my information is shared with lenders/creditors, and I know I have enough willpower to only accept those offers if it is fiscally responsible.
> As a CK user I am not too worried. It's been clear to me that my information is shared with lenders/creditors
Are they sharing any information that creditors don't already have access to, or which banks and creditors are already allowed to share with others without your consent?[0]
[0] State and federal laws allow you to opt out of some forms of sharing, but not all.
> “With more than 40 million members, we are excited by Credit Karma’s widespread adoption by people all over the country, giving us insight into $2.3 trillion of America’s household debt. This massive data enables us to deliver top quality insights for everyone looking to improve their personal finances.”
Does CK make more money off of people with large amounts of debt? Are they chasing this demographic? I suppose that demographic might be more susceptible to following through with refinance and credit card offers than people with little/no debt.
As a CK user I am not too worried. It's been clear to me that my information is shared with lenders/creditors, and I know I have enough willpower to only accept those offers if it is fiscally responsible.