Credit Karma is the best place to get your credit score in the US. Now, they’ve come to Canada!
The signup process is pretty straightforward. You’re not required to put in your SIN. In order to verify your profile, they’ll ask you security questions from your credit file.
I’ve had a chance to take a look at my own profile, and I’m very impressed what the company has been able to do. Not only do they have your credit score, but they also have a list of all your accounts, and update your score every week!
As well, your report displays details on each account, such as when it was opened, if payments were made on time, and more.
On top of that, they’ve got a list of all your recent inquiries – a tremendous help in seeing which creditors pulled your TransUnion instead of your Equifax file.
Why Should You Get Credit Karma?
The product is free right now, and to my knowledge, Credit Karma is the only company that allows you to see your TransUnion score and report for free. All the others, such as Mogo or Borrowell, pull Equifax.
This means that you are able to get your score absolutely free for both issuers in Canada. Now that’s something that wouldn’t have happened 6 months ago! Credit Karma is still in beta, so there are some items that are off, especially mortgages, HELOC’s and other non-card accounts. They also seem to have problems with older accounts.
However, if you are concerned about your financial health, this is simply a no-brainer.
Check out your score today at Credit Karma!