Credit Karma Enrolls 100,000 Users In A Day
As more and more people scramble to get back on their feet financially, the credit report/record is fast becoming a tool upon which large sums of money can be made. One such company who has been doing well out of credit records is Credit Karma, the online service which keeps track of people’s credit records so that they can head off potential problems.
Credit Karma has reportedly up the ante in the competitive space by introducing a free credit monitoring service. Launched only a few days ago, the service has reportedly received instant endorsement from users, with a whopping 100,000 people signing up in the first 24 hours after launch. This surge in membership has taken the total user base for the service to over 4 million.
Early detractors have raised questions however, about the actual meaning of the word ‘free’ in the offer. Credit Karma has made steps to make it very clear, that when they say ‘free’, they mean it. There are no hidden clauses, nothing buried in the fine print waiting to rear ist ugly head. The only catch is that people have to reveal some rather intimate details about themselves, such as parts of their social security number.
Judging by the response though, it looks like people are more than willing to give up a bit of personal info, to get email alerts about the state of their credit record.
Are you keen on a free credit monitoring service? Share your thoughts in the comments below.