Credit Karma Launches U.S. Consumer Credit Score Climate Report

SAN FRANCISCO, CA, Feb 25 (MARKET WIRE) --
Credit Karma (www.creditkarma.com), a pro-consumer credit score tracking
and management service that has delivered more than 850,000 free credit
scores and counts more than 250,000 registered users, today launched its
U.S. Credit Score Climate Report with trend data for January 2009.

The Credit Karma U.S. Consumer Credit Score Climate Report will provide a
monthly barometer on consumer credit trends, a particularly important
economic indicator in today's market. Each month, the Report will offer
unique and insightful statistics on the health of consumer credit scores
nationwide. Trend data in the report is based on a comparison of Credit
Karma users' January credit score with their previous credit score at
least 30 days prior and no more than 90 days out.

During the October 2008 to January 2009 time period, 37% of consumer
credit scores have gone up, 31% have gone down, and 32% remained the
same. Of the scores that increased, the average credit score rose 13
points during the time period. Of the scores that decreased, the average
credit score dropped 15 points. Here are some additional points revealed
in the Report:

-- Average credit score with no change is 693 whereas 673 and 662 are the
respective credit score averages for those with an increase and decrease.
This would suggest that people with higher credit scores maintain more
stable credit scores while those with marginal credit scores tend to be in
flux.

-- Age is one key factor (see graphic). Younger consumers, age 18-24, saw
the biggest increase in their credit scores. This is caused by a few
factors. First, younger people have a shorter credit history and therefore
lower scores (Average score: 670). As a result, we see a higher percent of
younger consumer's credit scores on the increase. Secondly, older
consumers, age 65+, tend to have a longer and more stable credit history
(Average score: 736)

-- Location is another key factor (see graphic). As states experience
economic changes such as massive layoffs, foreclosure, bankruptcy or
impacts of the economic stimulus plan, credit scores may be impacted.
Currently, we don't see major differences between the states highlighted in
this report.

"It's interesting to note that while more than 74% of consumers
believe that their credit score is on the way up, the reality is more
measured," comments Kenneth Lin, chief executive officer of Credit Karma.
"Our goal with this Report is to give the market a look at trends in
consumer credit, highlight unique differences across age bands and
geographies, and evangelize the importance of good credit health."

Methodology

Each month, the Credit Karma U.S. Consumer Credit Score Climate Report
compares the current credit scores of its 250,000 user base with previous
scores pulled at least 30 days prior and no more than 90 days prior to the
stated month. This month's report includes a comparison of 20,000 Credit
Karma user scores.

About Credit Karma

Credit Karma is a San Francisco-based, pro-consumer site that provides
consumers free access to their credit scores plus a range of tools and
information resources to help them monitor and manage the credit aspect of
their financial health. The service has delivered more than 850,000 free
credit scores and counts more than 250,000 registered members. Credit
Karma works with a range of partners, including mortgage lenders, credit
card providers, banks, and wireless providers. For more information, visit
www.creditkarma.com.

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Contact:
Michelle Sabolich
415-402-0230
michelle.sabolich@atomicpr.com

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