Today, it can be very easy to be lured by offers encouraging us to buy this and buy that. In this episode, Merrill Chandler teaches on how not to fall prey to companies like Credit Karma which attracts people to gain free credit scores and reports. Having used other methods for calculating scores and comparing it to FICO, Vantage scores, and the like, Merrill has concluded that Credit Karma is in to make money through referral fees from those who sign up to linked business card companies. He encourages us to not trust this free score scheme for increasing our fundability and to be mindful about what information we give them regarding our finances.
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