Here’s How it Works. By accessing your credit reports, Credit Karma suggests credit products based on your current history. It also uses your credit score and history to determine which products — credit cards, loans, insurance, and other banking products — come with high approval odds.Should you use Credit Karma?
The short answer is no, using Credit Karma does not lower your credit scores. Credit Karma requests your credit report information on your behalf. This is known as a soft inquiry, and it won’t impact your scores. Hard inquiries, on the other hand, can influence your credit scores.How do you sign up for Credit Karma?
Steps Go to the Credit Karma website. Look for the “Sign Up” button. Enter your email address and create a password. Pick a security question. Enter your personal information. Enter the last four digits of your Social Security Number. Provide pertinent information about yourself. Click on the “Submit” button.How accurate is Credit Karma?
Overall, your Credit Karma score is an accurate metric that will help you monitor your credit — but it might not match the FICO scores a lender looks at before giving you a loan. For a more complete picture of your credit, you can order your FICO scores at MyFICO.com.