Credit Karma Beta: Free Credit Credit Monitoring + Linking of your Credit Card Accounts

Quote from haneyg : This is the absolute truth. I've been using Mint for over 2 years now, and with 13 credit card accounts, plus banking and investment accounts, the data-mining of my transactions are worth gold to me. I monitor Mint daily, checking it about 3 times as often as facebook. Each transaction is cross-checked and carefully categorized.

I should have been more clear. Not only is it worth a lot to the end user, it's worth a lot more to companies.

once a a week now for updating scores

Updated Feb 12, 2013
Next update available on Feb 19, 2013

It says:
"We do not store your SSN in our database. It will only be used to retrieve your first credit score."

If SSN is not stored in the database, what do they use to retrieve the credit score?

seems to be taking a long time to link my accounts

not a good source, they grab it for you when you click on "update your score". Sometime, this may even lower down your score,

I will not use it any more

Pretty awesome. Now I don't have to use Mint for finance and CK separately for my credit concerns. All in one spot, woot!

Quote from lcahmed : seems to be taking a long time to link my accounts

It depends on the bank and how fast they respond. Some are 15 secs others may be a few minutes.

No offense, I like and use Credit Karma, but how, exactly, is this a "Slick Deal" worthy of the front page. What...every time a free service adds a feature, it's a slick deal again??? And with "CKFounder" on the board, it just looks very suspicious (I really don't mean for that to sound naive...it's somewhat rhetorical, since we all know dollars are changing hands on this "free" deal).

If it is truly free. How do they make money?

Quote from cbtexan04 : A bit scared that a third party site (no matter how reputable) has ALL my CC logins... especially after seeing that Twitter is so unsecured, what happens if Credit Karma is compromised?

One account compromised means all your CC account is compromised. Some of the well known websites have been compromised before and having too much access using one account just not safe.

Quote from jstutman : once a a week now for updating scores Updated Feb 12, 2013 Next update available on Feb 19, 2013

This is a valid question... to anyone that has NOT joined the beta, can you still update your scores daily? Or is everyone forced to once a week?

For those of you comparing this to Mint.com...I left them over a year ago. They have many incompatibilities and no desire to improve it.

Mint.com has been stagnant ever since Intuit bought them 2 years ago. Intuit has no intention of continuing the development of Mint.com. They basically bought it to kill it. There is no tech support left, and they won't add basic features, such as importing your own transactions from the past if you kept track of them some other way or are able to get the data from your CC/Banks.

This, however, is obviously under active development and likely to be adding features based on user feedback and such.

Quote from tadrian : This is a valid question... to anyone that has NOT joined the beta, can you still update your scores daily? Or is everyone forced to once a week?

Don't know.

Looks like they might be suffering from SD effect. [creditkarma.com]

Which makes me skeptical about the site (but then again, I've been skeptical about these types of services since I heard how shoddy the security was at Mint.com)....

wow ... cant handle SD traffic

http://www.creditkarma.com/error/maintenance