Credit Karma Provides Consumers With the First and Only Free Way to Monitor Standardized Credit Scores as Part of Comprehensive Consumer Credit Resource

Trusted Consumer Resource Provides a Free Alternative to the Millions of Americans Currently Paying for a Standard Credit Score


SAN FRANCISCO, CA--(Marketwire - September 8, 2008) - Credit Karma (www.creditkarma.com), the free and easy way to access, improve and leverage your credit, today introduced a new credit score that mirrors the standard credit score range of 300-850 used by most lenders to make credit decisions. For the first time, consumers now have free, repeated access to a standard credit score.

Until now, consumers were often forced to research and compare many different credit scores that were all based on different score ranges and that were only available through paid services or in the event of a credit denial. Through Credit Karma, consumers can now proactively track the same single credit score used by most lenders to make credit decisions for free and at any time. This provides the estimated 40 million Americans(1) currently paying $15 to $30 a month for their score with a free and more informative way to access and improve their credit score.

"This is a huge win for consumers because we've now made it possible for them to see a standardized credit score at any time and for absolutely free," said Kenneth Lin, founder and CEO of Credit Karma. "At a time when consumers are feeling extreme pressure to prove their creditworthiness, we've made it easy for them to accurately and consistently track the one number that most lenders use to make their credit decisions."

At CreditKarma.com, consumers can access this new standard credit score as often as they need, completely free of charge. The company has also built a suite of online tools and simulators to help consumers understand how specific behaviors such as opening or closing a line of credit can improve this credit score over time. Credit Karma also helps consumers learn how to leverage their score through Karma Offers, where advertisers provide preferred pricing to individuals based on the strength of their score.

As a staunchly pro-consumer company, Credit Karma never shares consumers' personal information with advertisers or third parties.

About Credit Karma

Based in San Francisco, Credit Karma is a pro-consumer credit score company dedicated to helping consumers better understand the power of their credit score by giving them completely free access to it as often as they wish, and then providing a host of tools and services to help them improve and monetize that score. At www.creditkarma.com, consumers not only learn their score, but they can identify what behaviors will positively impact their score and then gain preferred product pricing based on their credit score range

(1) The Market for Fraud Protection, Identity Theft, and Credit Monitoring Services; Online Banking Report; August 15 2007, page 9

Contact Information: Press Contact: Michael Azzano Cosmo PR for Credit Karma 415.596.1978