SAN FRANCISCO–Credit Karma, which reports it has more than 30 million consumers as customers using its service, said it has now initiated its phased rollout of newly added Equifax credit scores and reports.
Credit Karma said 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.
"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, in a statement. "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."
In making the announcement, Credit Karma cited a recent Consumer Reports survey that found that only 53% of respondents have ever received their credit reports from one or more of the three major credit bureaus.
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