What is the Credit Karma app used for?

The Credit Karma app is a widely-used financial tool that offers its users a plethora of services aimed at personal finance management. One of the core functionalities of the app is providing free credit scores and reports from two of the major credit bureaus, TransUnion and Equifax. These updates assist users in monitoring their financial health without any impact on their credit score as it involves a soft inquiry. In addition to credit information, Credit Karma also furnishes personalized recommendations for credit cards and loans, optimally matched to the user's credit profile to increase the likelihood of approval. Furthermore, the app offers insights and tips on how to improve one's credit score, and it provides financial tools such as a debt repayment calculator and an amortization schedule. With these features, Credit Karma serves as a comprehensive platform for individuals looking to manage their credit and overall financial wellbeing effectively.