Credit Karma gives away its one billionth free credit score

Date: June 25, 2020

Credit Karma recently announced that it has given away its one billionth free credit score since its launch in 2008—without charging people a single penny. The company has over 45 million members, who together give it insight into roughly one-fifth of America’s $11.85 trillion in household debt.

This milestone is testament to Credit Karma’s mission to help Americans improve their personal finances. The company started offering free credit scores in 2008 and has since expanded its platform to include free credit monitoring and weekly updated credit reports, alongside personalized recommendations and information that help simplify personal finances and save its members time and money. Across seven years, its product has been an industry leader, with many banks and other financial services now offering credit scores for free.

Credit Karma is a longtime user of VantageScore credit scores. It currently provides its members with two VantageScore 3.0 credit scores, one furnished by Equifax and the other by TransUnion. Credit Karma also was an early adopter of VantageScore 2.0, which it provided to its users from 2010 to 2014, when it upgraded to the VantageScore 3.0 model.

“Providing consumers free access to credit scores calculated by an industry-standard model that lenders use every day is a terrific service, and VantageScore is proud of our great relationship with Credit Karma,” said VantageScore Solutions CEO Barrett Burns. “We congratulate Credit Karma on its one billion-score milestone and on its role in helping consumers use credit scores to track and improve their financial habits.”