I was interested to read about CreditKarma.com, an online company that supplies registered users with their credit report and credit scores for free.
Unlike other companies that supply credit reports that advertise free reports but actually end up charging for their services, CreditKarma.com is truly free for consumers.
The company (founded in 2007) is funded by its advertising revenue and in turn is able to offer users free credit reports and scores.
This is a win for consumers who up until now had to pay about $15.95 (or more) to receive their credit report and score directly from the credit reporting agencies; Experian, Equifax and Transunion.
My biggest concern is that a user needs to provide his or her Social Security Number (which makes sense) ..... but I'm not convinced about the security and privacy offered by the CreditKarma.com once they receive one's Social Security Number.
The website currently boasts 800,000 registered users so I was curious if any ActiveRainers have had any experience with this site.