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FAQs
Is it safe to give credit karma my Social Security number? ›
Credit Karma asks only for your name, address, birthdate, and the last four digits of your Social Security number. It doesn't store Social Security numbers, so there's virtually no risk that anyone can steal this information.
Is Mint moving to Credit Karma? ›We've moved some of Mint's most popular features to Credit Karma Net Worth. You will be notified when it's time to move, but you can check out what's in store below in the meantime.
Is there a risk to using Credit Karma? ›The answer is, “No.” There's no catch. No strings attached. We're not a scam. You can rest assured Credit Karma has your back.
What is Credit Karma in trouble for? ›The settlement stems from a September 2022 FTC investigation into Credit Karma's alleged use of claims that people were pre-approved and had "90% odds" of approval. The claims were made in an effort to entice people to apply for offers that in many cases they did not qualify for, the FTC said.
Why is Mint shutting down? ›According to its parent company, Intuit, Mint wasn't making enough money, so Intuit began the app's closure in January. On March 23, Mint users will no longer be able to access their account data, which could include over a decade of their spending and financial history.
Is Credit Karma a sham? ›The credit scores and reports you see on Credit Karma come directly from TransUnion and Equifax, two of the three major consumer credit bureaus. The credit scores and reports you see on Credit Karma should accurately reflect your credit information as reported by those credit bureaus.
Why is Intuit getting rid of Mint? ›The reason for closing down the Mint app is the supposed consolidation of Intuit's personal finance products and to prioritize their focus on Credit Karma, which has more features and functions than Mint. However, some key features that made Mint what it is are said not to be available in Credit Karma, like budgeting.
Can Credit Karma be trusted? ›Millions of people use Credit Karma to track their credit scores. The company is highly transparent and provides its services through VantageScore. Thus, it offers a reliable snapshot of your current credit status. You can also use Credit Karma to spot inaccuracies in your credit report.
Is it safe to share information with Credit Karma? ›Credit Karma goes the extra mile when it comes to the safe-keeping of our members' personal information. We use 128-bit or higher encryption to protect during the transmission of data to our site and encrypt data at rest.
Should I give my Social Security number for a credit check? ›It is this number that the major credit reporting agencies use to associate an individual's credit file with their history. Therefore, you must collect an SSN to be certain that you've pulled the correct credit file for review.
Is it safe to give Credit Karma my sin? ›
Entering your Social Insurance number (SIN) is completely optional. We ask for it because your SIN is a unique way to identify you, and having that information usually gives us a better chance at locating your credit files. Rest assured that we're committed to keeping your info safe.