New Site Offers 100% Free Credit Scores and Credit Reports

We all know tracking your credit score is an important thing to do, especially when wanting to get a mortgage or some other type of loan such as a car or personal loan. Today, you'll have to dish out money to get your "true" fico score, from MyFico.com. If you are looking for a cheaper alternative, well actually free alternative then you might be interested in Credit Karma. Credit Karma offers a new way to track your credit score and a unique way to benefit from it. For the first time you can get a truly free credit score with no hidden costs at all.

Here are the facts; no credit card is required, you don't have to buy anything, and you can pull your score once every day. How is it free? Well, Credit Karma shows personalized "offers" to you based on your credit score and profile. Advertisers pay Credit Karma to make these offers avaliable to you, thus the free credit score service. According to the Credit Karma privacy policy, they will never share your information without your consent.

The only downside to the service, like any other scoring service other than MyFico.com, you aren't getting your "true Fico Score". If this doesn't matter to you, then Credit Karma is an excellent alternative to all the other pay for services out there. I've been using it for the past year and haven't had any issues at all with it.

Also, don't forget to pull your free annual credit report from all three bureaus (Equifax, Transunion, Experian), at AnnualCreditReport.com. This is the only TRUE, 100% free place to get your annual credit report.

This concludes our public service announcement.

More Information: Free Credit Score & Free Credit Reports.