Intuit Is Buying Credit Karma. Should You Cancel Your Bank Account?

Intuit Is Buying Credit Karma. Should You Cancel Your Bank Account?

We’ve updated this tale with here is how shutting your Credit Karma account might influence your equifax that is potential settlement.

Intuit—the monetary software giant that has TurboTax and Mint—is buying personal finance company Credit Karma for longer than $7 billion. Credit Karma, one of the primary businesses to offer americans access that is free their credit ratings and reports, obtained a lot more than $1 billion in income in 2019, in accordance with Bloomberg, as a result of its capability to offer bank cards, unsecured loans, as well as other lending options to customers.

Though Credit Karma execs may instantly be enmeshed within the excitement associated with the payday that is ultimate you could feel distinctly more queasy. Credit Karma’s self-reported 100 million users, particularly those who’ve come to love and trust the technology startup, may possibly not be more comfortable with the notion of another company—particularly one that’s embroiled in several tax-filing controversies—having use of the delicate information inside their reports. Continue reading “Intuit Is Buying Credit Karma. Should You Cancel Your Bank Account?”