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 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.

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.

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.

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.

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.