Description: This passage focuses on credit karma login my account, which shows you how to use the credit score simulator in your Credit Karma account. Credit Karma is a multinational personal finance company. Credit Karma offers free credit scores, reports and insights.
This is Juanita, I’m here with a quick tutorial of how to use the credit score simulator in your Credit Karma account, the first thing is that I’m over here on Credit Karma, I go straight to the credit score simulator page, this is an example page.
You would definitely have to log in, you need to use this credit score simulator, what this credit score simulator does is to tell what might happen if you did a certain thing, as you see here on this credit score simulator, we’re going to go over a few of these things.
When you get to your Credit Karma and you log in or if you happen to land on this page, they have some frequently asked questions, you want to read those, I’m going to go over to another screen, I’m going to show you what it looks like.
When you use the credit score simulator, once you’ve logged into your Credit Karma account, this is a text desktop view, this is not from your phone, you’ll have to find it on your phone, it’s going to look a little bit different when you use it on your phone.
However, this is the desktop view of the credit score simulator and Credit Karma, this half here is going to be your first page, this is over to the far left, it gives some links, the bottom one is the credit score simulator, once you’ve logged into your Credit Karma, you need to find this link, you need to click on it.
There are several other links here, one I want to mention is direct dispute speeding online through your Credit Karma, I do not suggest that you do that, you want to leave a paper trail for those of you that have had your free consultations with me.
I will explain the reason for your not using the direct dispute within Credit Karma, you’re going to click on the credit score simulator, then it’s going to open this page, this page is the page that has the different options here, what might happen if you open or close a credit account?
What might happen if you change how you use your cards? What might happen if you change your payment habits? What might happen if you get new negative marks on your credit? You can select one, you can also select them all if you like and play around with this tool to find out what might happen if you did a certain thing.
Let’s say that you closed your oldest card, we got that question on the timeline, I got new credit, I want to pay off a new credit card, it will be a higher limit, I want to pay off all of my credit cards, then I want to close my oldest credit cards because I don’t use it.
This is a good little tool to use to find out what would happen if you closed your oldest credit card, I think in the back of our heads it’s going to hurt your credit history, because it depends on if you have other older credit history reporting on your credit report.
This is a good way to find that out, we get a lot of questions about my score, after I add this new line of credit on there, everybody’s credit scores and credit profiles are different, they have different things on them, you will definitely have to click on open a new credit card.
What will happen if you don’t pay your taxes or you let an account go to collections or if you end up with some wage garnishments or you own a home and you go into foreclosure? What if you wiped out all of your late payments and you’ve got them all removed off of your credit report?
What would happen if you get a credit limit increase on one of your cards that are already open? It has several options here that you can click on, I click on the opening new credit card, I got this window so that I could put in an amount.
The amount I put in here is $1,500, what might happen if I added a new credit card of a $1,500 credit limit? I click Submit, then it opened up this window, it let me know that there would be no changes, in this little green arrow here it will either point up in green meaning there was no effect or no point increase.
If this error was red pointing down, it would let me know how much my score would have decreased, there was not going to be a change at all in me applying for card and getting a $1,500 credit limit, if I wanted to change that, I could go in and change this to a higher credit limit amount.
I could also put in a lower credit limit amount to see what the change would be, if I had this new credit card limit, I would click Submit, you will see your scores up above here, you’ll see it either move to the right which will be a increase in score or you will see it moved to the left which would be a decrease in score.
It will also register here in a green arrow bar, green arrow means increase going up, red arrow pointing down means a decrease in score, this is a very little handy tool in case you’re trying to open up a new credit card account or you are trying to pay off balances or you are going to get a credit limit increase on one of your cards that are already open.
Everybody’s situation is different, credit situation is different, you’re using this tool personally, this is an estimate, it is not written in stones, this is the way that it’s going to happen, at least it gives you a general idea of what might happen.
This is the credit score simulator in your Credit Karma, I recommend that you log in online on a desktop so that you can get the full page views of the credit score simulator, this is a quick tutorial on the Credit Karma credit score simulator, thanks for reading.