Credit Karma Adds Credit Alerts

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I’ve been a fan of Credit Karma for as long as they’ve been around, met some of their people, and am generally very impressed with the service they offer. It’s been a cornerstone of my do-it-yourself identity theft protection system.

They recently emailed me to say they’ve developed a new feature that makes do it yourself identity theft protection even easier – they now actively report credit alerts.

A credit alert is basically any change to credit report and it includes (they only monitor your TransUnion credit report, the same report they use to generate their free credit score):

  • New Credit Inquiry
  • New Account
  • Account has become delinquent
  • Account has improved
  • New Bankruptcy
  • New Public Record
  • New Address
  • New Employment
  • Fraud Alert

With my old system, I recommended that you pull your credit score once a month and use any large unexpected score changes as a reason to dig deeper. It was an informal secondary alert. The idea was that a new credit inquiry would ding your score and if you weren’t expecting it, this would give you a good reason to pull your credit report.

This is one step better because it pushes an alert to you on a variety of changes, not just ones that affect your score (such as new employment, new address). It’s often these changes, the ones that don’t affect score, that are the scariest. A random new address and new place of employment screams identity theft.

They’ve opened up a test and given us 300 invitations, which I suspect will go pretty quickly. Eventually everyone will get them eventually but for now, it’s limited to a small test set. You can join the test group by clicking here.

This service, as well as Credit Karma in general, is completely free.

{ 5 comments, please add your thoughts now! }

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5 Responses to “Credit Karma Adds Credit Alerts”

  1. Shirley says:

    Thank you, Jim

    I just now enrolled and I am amazed at how many facets they look at.

    The site says 282 invitations are left. 🙂

  2. evelyn says:

    Thank you! I signed on, and also passed the info on to my grown sons, who really would benefit from this!

  3. Jacqui says:

    Thanks Jim! I’m already a Credit Karma user and was hoping they’d add something like this 🙂 Just signed up for the trial, only 131 left.

  4. govenar says:

    Thanks.. it says 143 are left now (kinda strange that it went up since the last comment on here…).

    Credit Karma seems nice, though does anyone else get bogus data for their Auto Insurance Score? e.g., it says “Your average credit limit on all retail accounts is less than $300” which is way off.

  5. skylog says:

    i am upset i missed this. any word on the service from those who got it?

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