First Time Mom and Losing It: Getting "House Buying" Ready with Credit Karma™

Wednesday, November 12, 2014

Getting "House Buying" Ready with Credit Karma™

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My husband and I have always rented our apartments. We both grew up in rented homes too so we never even thought about purchasing a home until we had our daughter. Now that she is two we are really seriously thinking about it and taking the beginning steps to make that a reality. The first and most important things are your credit score and Credit Karma™ is helping us along the way.

Did you know that there are 220 million credit profiles and 33% of those people have never checked their credit scores? I was one of those that didn't know my current score because I just didn't think I had to know that number. I wasn't applying to any credit or thinking about buying homes so why did I need to know that number? I also didn't want to pay to get my number when I wasn't using it. This was my mentality over a year ago before my husband and I checked out Credit Karma™.

Since Credit Karma™ is 100% free (Yes free! They don't even ask you for a credit card!) we both decided to check out our scores to get the ball rolling with the early stages of buying a home. We were both happy to see that we had good numbers but saw some ways that it could be improved.

Credit Karma™ makes it so easy for you to view, manage and take care of your credit score. It gives you access to your four different credit scores: Transunion, Vantage, Auto Insurance, and Home Insurance.

The Credit Card section shows you your credit card utilization, your payment history, deragotory marks, age of credit history, total accounts and credit inquiries. We learned that a good percentage is 20-30% for the credit card utilization. Credit inquiries stay on your report for two years so it's not a good idea to apply for lots of different credit at once.

The Full Credit Report section is a new feature that breaks down your credit profile into:
  • Account details
  • Credit Inquiries 
  • Collections accounts 
  • Public records

Some other great features of Credit Karma™ are the Credit Score Simulator which show you how certain things can affect your credit. The My Spending feature that can monitor, banking accounts, savings accounts, credit card transactions which are things that are not put in a credit report. And the My Recommendations which recommend the best products for you based on your data. There are also tons of tools, advice, resources and articles. 

Taking the first steps to buying a home feels a little scary but also exciting at the same time. I am ready for my little family to have a home we can call our own and some more space to grow in. 

You can create a free account and get your own credit information at Credit Karma™!

Do you know your credit score?

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  1. I actually need a credit report soon for something we are working on and I will definitely be checking Credit Karma out.

  2. Checking mine right now! Thanks for the info!

  3. I'm so shocked that many people haven't checked their credit scores. I do that regularly. It seems like Credit Karma is full of some good advice too.

  4. I check my credit once a year.. and lucky i did cause i found some discrepancies.

  5. I had my credit checked when we refinanced last year, but I have never actually checked it myself. I will now, though.

  6. I try to always keep on top of my credit. My moms identity was stolen in the last 90's and what a mess!

  7. Great info, especially for those looking to buy a house soon. I need to check mine soon.

  8. This is great information! I can't wait to share this with a friend who is wanting to buy a house.

  9. This is a vary thorough check up for credit. I like the site.

  10. This sounds like a really great resource! Thank you for sharing.

  11. I don't know my score and I would like to have this thorough check done just to ease my mind.

  12. I keep hearing about Credit Karma. But I have never tried it yet, thanks for the info.

  13. We really need to get House buying ready!

  14. We're working on this as we speak! I cant wait to move :)

  15. I have never used Credit Karma but I might need to check it out.

  16. Yes, I know my score but there are so many who don't Kudos to you for sharing this important info!


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