Credit Karma Gives Consumers Industry First: Free Credit Scores & Reports from Two Major Credit Bureaus
Equifax® addition provides consumers access to more of their credit data
SAN FRANCISCO, Dec. 29, 2014 /PRNewswire/ -- Credit Karma, a financial technology platform empowering more than 30 million consumers, today announced it has initiated its phased rollout of newly added Equifax credit scores and reports. It is the first organization to offer weekly updated, free credit scores and reports on an ongoing and on-demand basis, from two national credit reporting bureaus. This addition advances Credit Karma's value proposition and long-term vision of re-engineering and simplifying consumer finance by empowering consumers with more credit comprehension and awareness.
"Historically, getting your credit scores or reports from more than one bureau for free on more than an annual basis can be complicated, yet access to this information is critical for consumers," said Ken Lin, CEO and founder of Credit Karma. "We were excited to be the first company to launch weekly free credit scores seven years ago, and being the first to provide consumers with free access to their credit reports and scores – when they want, for however long they want, and having it come from two of the major credit bureaus – seriously advances our mission of helping consumers understand their financial health."
"Financial education and transparency with credit reports and scores are critical to empowering consumers as they make important financial choices," said Laurie Kolb, Senior Vice President, Enterprise Alliances, Equifax. "We are enthused that Credit Karma will be leveraging our robust data to further enable consumers' financial awareness and well-being."
These additions further Credit Karma's mission to bring transparency and accessibility to consumer finance. A recent Consumer Reports survey found that only 53 percent of respondents have ever received their credit reports from one or more of the three major credit bureaus.
With Credit Karma's dual-bureau solution, free access and weekly updates, as well as user-friendly layouts, comprehensive tools and resources to provide education and context, consumers will not only have access to more of their credit data in one place, but will also have access to tools to help them better understand it.
To create a free account, visit creditkarma.com.
About Credit Karma
Credit Karma is working to re-engineer one of the largest industries in the world - consumer finance. Beginning with a free credit score and report, the bloodlines of personal finance, Credit Karma brings more transparency and certainty to credit and finance with free monitoring, data-driven resources and personalized recommendations.
Credit Karma's mission is to help consumers have a better future by simplifying decision-making and management of personal credit and finances. Available online and on iOS, Android and Windows Phone, Credit Karma is empowering more than 30 million consumers.
Headquartered in San Francisco, Calif., Credit Karma has raised $193.5 million in financing to date, including a $75 million follow-on in September 2014 led by Google Capital, Tiger Global and Susquehanna Growth Equity.
About Equifax
Equifax (NYSE:EFX) is a global leader in consumer, commercial, and workforce information solutions that provide businesses of all sizes and consumers with insight and information they can trust. Equifax organizes and assimilates data on more than 600 million consumers and 81 million businesses worldwide. The company's significant investments in differentiated data, its expertise in advanced analytics to explore and develop new multi-source data solutions, and its leading-edge proprietary technology enable it to create and deliver unparalleled customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments in 19 countries, and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. In 2013, Equifax was named a Bloomberg BusinessWeek Top 50 company, was #3 in Fortune's Most Admired list in its category, and was named to InfoWeek 500 as well as the FinTech 100. For more information, please visit equifaxworkforce.com or equifax.com.
Equifax is a registered trademark of Equifax, Inc.
Media Contacts:
Melissa Barto
JCUTLER media group
[email protected]
Christina Ra
Credit Karma
[email protected]
Meredith Griffanti
Equifax Inc.
[email protected]
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SOURCE Credit Karma
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