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Is applying for a financial product I found on Intuit Credit Karma safe?

SOLVEDBy Credit KarmaUpdated June 13, 2023

Any recommendation for a financial product you might see on Credit Karma is from one of our partners. Sharing personal information, such as your income, employer and outstanding loans with any type of lender when applying for a financial product is an important decision that should be taken with caution, but it shouldn’t necessarily scare you away, either.

Here are a few things to expect when you apply for a financial product on Credit Karma:

  • Applying for a new credit card will add a hard inquiry to your credit reports. Applying for a loan will also, though if multiple inquiries are made within a certain period of time, certain credit scoring models may treat these as one inquiry. To learn more, you can read this article: Will applying for a financial product lower my credit scores?
  • Some lenders may charge origination fees if your loan is approved to cover the costs of processing the application and paying out the funds. It’s also not uncommon for lenders to ask for your bank account information during the application so the funds can be electronically deposited directly into your bank account.
  • With all types of financial products, remember to carefully read any terms and agreement from the lender carefully to make sure you agree to all of the terms outlined.

For more information, you can read reviews of the lender, research any complaints filed with the Better Business Bureau, and look for news stories that mention the lender.

If you have additional questions or concerns regarding the application process, you may want to reach out to the lender directly for additional information.

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