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Credit Karma Provides Consumers With *Free* Access to Their TransUnion Credit Scores Thanks to TrueCredit.com
Monday, December 01, 2008
Credit Experts Empower Consumers to Take Critical Step to Understanding their Financial Situation
SAN FRANCISCO, Dec. 1 /PRNewswire/ -- Credit Karma, a resource that helps
empower consumers to actively manage their financial health, today announced
an agreement with TrueCredit.com, a leading provider of credit reports and
consumer credit education, that will enable consumers to obtain their
TransUnion credit scores at no cost. Both companies believe that it is more
important than ever to provide consumers with the tools and information to
better understand how lenders are evaluating them.
A recent Federal Reserve Board survey showed tightening lending standards
across every major loan category, including mortgage and credit card interest
rates. Moreover, financial experts suggest that to qualify for the best
mortgage rates in today's market, consumers need a much higher credit score;
some suggest it will need to be as high as 750 to qualify for the most
favorable rates.
"Credit scores are being scrutinized more than ever before, so it is
critical for consumers to know what their score is and how it's likely to be
viewed by a lender," said Lucy Duni, vice president of Consumer Education at
TrueCredit.com by TransUnion. "Since your credit score is derived from the
data in your credit report, reviewing your report on a regular basis is also
essential to gaining a truly holistic view of your overall finances."
"We are proud to partner with TrueCredit.com to provide consumers with the
chance to access their score for free," said Kenneth Lin, founder and CEO of
Credit Karma. "Credit scores are a window into one's financial health, and
Credit Karma remains committed to giving consumers free access to that score
as well as educating them about the tools they can use to understand it."
To obtain your free TransUnion score from Credit Karma, visit
http://www.creditkarma.com, and to learn more about credit management, log
onto http://www.gotruecredit.com and visit the learning center.
About TrueCredit.com
Since 1999, TransUnion's TrueCredit.com has helped millions of consumers
manage their own credit health. Through a suite of educational materials, free
monthly newsletters and easy-to-use products, the company helps consumers
understand personal credit management and empowers them to achieve greater
financial well-being. TrueCredit.com's online products include credit reports,
credit and insurance scores, credit monitoring, debt management tools and
identity theft insurance services. TrueCredit.com is the direct-to-consumer
arm of Chicago-based TransUnion Interactive, a subsidiary of TransUnion, a
global leader in credit and information management. Manage your credit.
Manage your life.(SM) http://www.gotruecredit.com
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 by giving them completely free access to their TransUnion credit score
as often as they wish, providing a host of tools and services to help them
understand that score, and helping them become better overall credit
consumers. At http://www.creditkarma.com, consumers not only learn their
score, but they can identify what behaviors will impact their score and then
gain preferred product pricing based on their credit score range.
SOURCE Credit Karma, Inc.
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