Ck_Member Community (2024)

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.

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.

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.

The FTC alleged that many people who got “pre-approved” credit offers from Credit Karma were not approved. As a result, they wasted time applying and sometimes saw their credit scores drop when their applications were denied.

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 Legit and Safe? Credit Karma is considered a legitimate company that provides credit score information that is the same or close to your FiCO score. Your lender may use a slightly different credit score to assess you as a borrower, such as Experian data.

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.

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.

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.

If a company asks for your Social Security number, find out if there's an alternate form of identification you can use. By the time you're an adult, your Social Security number has been entered into so many databases it's impossible to keep it 100% secure.

Why is Credit Karma asking for my ID? ›

Message and data rates may apply. Try another wayTo help us verify that you're really you, we'll need to see photos of your ID. Why do you need my information? Your information allows us to securely retrieve your credit scores and provide personalized recommendations based on your credit profile.