Credit Karma was founded in 2007 and is based in San Francisco, California.
Credit Karma is an online service that allows users to check their credit scores and other financial reports for free. In October 2018, Credit Karma expanded its services to also help its users find the lowest priced auto policy. Credit Karma provides its users with a free credit score report, and reports from TransUnion and Equifax, and then weekly updates following. It then analyzes your data to make recommendations for products or services based on your financial situation. If you end up buying a product or service based upon one of their recommendations, the bank or lender pays Credit Karma.
Credit Karma also provides its users with a tool that helps them easily find the cheapest auto insurance option for them. This tool works by looking at public information from state motor vehicle departments about the driver and vehicle, so the user doesn’t need to waste time filling out long forms. It will also allow the user to view how their changing credit score and moving violations will affect their insurance rates. The feature is only available in California and Texas as of October 2018, but Credit Karma plans to roll out the feature in other states soon.