Credit Karma Gives Away Its One Billionth Free Credit Score

Disrupting an industry once rife with hidden fees and costs, Credit Karma achieves milestone without charging people a penny

November 17, 2015

San Francisco -

Credit Karma announced today 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.

“Giving away one billion scores to our 45 million members underscores how far Credit Karma has come with our mission to bring transparency to a previously opaque industry and equip people with the information they need to financially thrive,” said Credit Karma CEO and founder Kenneth Lin. “At Credit Karma, we feel like we’re still in chapter one, and the future looks really bright, as we continually add to and improve our platform and the ways that we can help people. ”

Credit Karma’s rapid growth was fueled by early adoption in American cities where people have to make their money work the hardest, tending to have more open credit lines and less income on average to manage their debt. The company’s focus on addressing the significant issues that face all American consumers has given it an equally strong foothold inside and outside of traditional tech hubs – unusual for a technology company. More people per capita use Credit Karma in Birmingham, Alabama than San Francisco, New York and Los Angeles combined.

To create a free account, visit

About Credit Karma

Credit Karma’s goal is to save Americans time and money. Through analysis of more than 45 million members’ finances, Credit Karma researches and recommends credit cards, loans and insurance based on each individual’s specific credit profile, drastically simplifying some of the most confusing and tedious yet important tasks in personal finance.

The company started by providing free credit scores to recreate the financial industry around people instead of banks. It continues to expand its completely free offerings including its Credit Score Simulator, credit monitoring and friendly, personalized information to help each person understand and make the most of their individual situation.

To create a free account, visit or download the mobile app from the Google Play™ or Apple® App Store℠.

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