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

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

Though Credit Karma execs may suddenly be enmeshed in the thrill of the ultimate payday, you might feel decidedly more queasy. Credit Karma’s self-reported 100 million users, especially those who’ve come to love and trust the tech startup, might not be comfortable with the idea of another company—particularly one that’s embroiled in several tax-filing controversies—having access to the sensitive data in their accounts.

It’s true that Wirecutter recommends Intuit’s TurboTax for certain filers (we also provide context for the ethical issues involved). For taxpayers who itemize or want helpful advice as they enter their data, it’s that much better than the competition. We also recommend Credit Karma’s free tax-filing software, which we still believe is a fine choice for basic returns. But we understand if the merging of these companies—and the uncertainty of what could happen to your Credit Karma data—is a bridge too far.

Source: NY Times – Wirecutter

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