Credit Karma Has No Plans to Offer Free Identity Theft Protection

Credit Karma free identity theft protection
Credit Sesame made the big announcement that they now offer free identity theft protection to consumers without the need of a credit card. It’s big news in the free credit score business, as this instantly differentiates them from their competitors like Credit Karma and Quizzle.

I reached out to Credit Karma to see if they were planning to offer a similar service to their customers. They replied that identity theft protection was not a service that they were planning to offer. In their own words, “We don’t have that on the roadmap right now, but we’ve always got something brewing. Stay tuned!!”

Credit Karma has recently taken hits on several sides. Credit card


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5 Responses to Credit Karma Has No Plans to Offer Free Identity Theft Protection

  1. sally says:

    It seems like the ID theft insurance doesn’t pay for that much. I would think that the stolen money would be what would be covered by the insurance, but that doesn’t seem to be the case. Does it take $50,000 to get you credit restored after ID theft?

  2. Will says:

    @Sally, it only covers expenses incurred in restoring your identity. Not loses from the theft, but when you’re getting it for free it’s hard to complain.

  3. Very interesting! I didn’t realize things were changing so much recently. Checking your credit score is always so important. Offering credit protection is a big advantage. Its good to know who is leading for the customer!

  4. palace5 says:

    Having been a victim of ID theft in the recent past, I can’t encourage people enough to do the little things that will help prevent this from happening. While I don’t know for sure how my identity was stolen, I’m pretty sure that it was from somebody to was able to obtain financial information from my garbage. I could have prevented this by shredding all my documents before putting them into the trash.

    It took me over nine months to get everything straightened out when my identity was stolen. It’s not a fun process and it takes a lot of time to get it done. Spend a little time now to prevent it from happening will save you a ton of headaches and loss time in the future.

  5. Pingback: Doctor Of Credit » Quizzle, Credit Karma “No Plans To Introduce Free Identity Theft Insurance”

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