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Updated · Bloomberg · May 7Intuit Credit Karma opens site to Americans without credit history
3 articles · Updated · Bloomberg · May 7
- The company said on Thursday that “credit invisible” people can now create accounts and use free tools, including two that rely on alternative data.
- The move is aimed at helping consumers with no credit file take initial steps toward establishing a credit history.
- By widening access to its platform, Credit Karma is targeting a group often excluded from mainstream borrowing and financial products.
How does Credit Karma's 'free' service actually profit from the millions of 'credit invisible' users now sharing their data? As AI builds credit scores from new data, what prevents it from creating a new kind of digital redlining? When every utility bill can build your credit, are we creating a new system of constant financial surveillance?