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

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

Updated February 27, 2020

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

Intuit—the economic computer software giant that has TurboTax and Mint—is buying personal finance business Credit Karma for over $7 billion. Credit Karma, among the first businesses to provide People in america free use of their credit ratings and reports, attained a lot more than $1 billion in income in 2019, in accordance with Bloomberg, compliment of being able to offer charge cards, signature loans, as well as other financial loans to customers.

Though Credit Karma execs may abruptly be enmeshed within the excitement of this payday that is ultimate you may feel distinctly more queasy. Credit Karma’s self-reported 100 million users, particularly those who’ve started to love and trust the technology startup, is probably not more comfortable with the notion of another company—particularly one that’s embroiled in several tax-filing controversies—having use of the delicate data inside their reports.

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