Credit Karma Offers, Inc. (“we” or “us”) is a Delaware corporation with its principal place of business located at 1100 Broadway, STE 1800 Oakland, CA 94607. We operate a loan marketplace platform, accessible online at creditkarma.com and through the Credit Karma mobile app. In some states, offering these services could require us to be licensed as a personal loan broker or hold some similar state license. Our goal is to help you find lenders with products and offerings that may meet your needs. We do not make credit decisions, fund loans, service loans, or offer any other similar loan services. We do not and cannot issue approvals or commitments on any lender’s behalf. Lenders will require additional information from you in order to complete your loan application. Credit Karma Offers, Inc. does not enter into loan brokerage contracts with members and does not charge members any fee for its services.
Licenses
Alabama
Alabama Consumer Credit License #22494
Arizona
Arizona Consumer Lender License #CL-0943261
California
California Department of Business Oversight, Finance Lender License #60DBO-78868
Connecticut
Connecticut Small Loan License #SLC-1628077
Credit Karma Offers, Inc. is licensed by the Commissioner of Banking, 260 Constitution Plaza, Hartford, Connecticut 06130.
Georgia
Installment Lender License, NMLS ID 1628077
Louisiana
Louisiana Loan Broker License #001357
LOAN BROKERAGE AGREEMENT AND DISCLOSURE STATEMENT
DISCLOSURE REQUIRED BY LOUISIANA LAW
The state of Louisiana does not approve or disapprove any loan brokerage contract. The information contained in this disclosure has not been verified by the state. If you have any questions see an attorney before you sign a contract agreement.
CREDIT KARMA OFFERS, INC.
1100 Broadway, STE 1800
Oakland, CA 94607
Credit Karma Offers, Inc. is a Delaware corporation and was incorporated on March 29, 2017. Credit Karma Offers, Inc. is a wholly owned subsidiary of Credit Karma, LLC and an affiliate of Credit Karma Mortgage, Inc.; CK Progress, Inc.; Credit Karma Real Estate, Inc.; Credit Karma Technologies, Ltd.; Credit Karma UK, Ltd.; Karma Platform Services, Inc. (f/k/a Global Karma, Inc.); Karma Insurance Services, LLC; Maple Leaf Meerkat, LLC; McBurberod Financial, Inc.; Seed Financial Intermediate SPV, LLC; Seed Financial SPV 1, LLC; and Seed Financial SPV 2, LLC; Karma Rating Solutions, Inc.. Credit Karma Offers, Inc. is doing business under Credit Karma Money.
Credit Karma Offers, Inc. began operations as a loan broker on February 5, 2018.
SERVICES WHICH MAY BE PERFORMED:
- (a) taking information from the borrower and filling out the application;
- (b) transmitting the application to potential lender(s) and transmitting application status or decision back to the borrower.
As required by Louisiana law, this loan broker has secured a bond by Platte River Insurance Company, 1600 Aspen Commons, Middleton, WI 53562, a surety authorized to do business in this state. A certified copy of this bond is filed with the commissioner of financial institutions. Before signing a contract with this loan broker you should check with the surety company to determine the bond’s current status.
Maine
Maine Loan Broker License #CSO14222
As required by Maine law, Credit Karma Offers, Inc. has secured a bond by Platte River Insurance Company, 1600 Aspen Commons, Middleton, WI 53562, a surety authorized to do business in Maine.
Maryland
Maryland Credit Services Business License #28-106
Massachusetts
Massachusetts Small Loan Company License #SL1628077
Massachusetts Small Loan Company License – Other Trade Name #1 License #SL1628077
Massachusetts Small Loan Company License – Other Trade Name #2 License #SL1628077
Massachusetts Small Loan Company License – Other Trade Name #3 License #SL1628077
Nevada
Nevada Installment Loan License #IL11111
Nevada Installment Loan License #IL11112
New Hampshire
New Hampshire Small Loan License #22169-SM
You or your attorney may file a complaint related to this service with the New Hampshire Bank Commissioner.
New Jersey
New Jersey Consumer Finance License #1703218-C31
New Mexico
New Mexico Small Loan Company License #02298 – Expiration June 30, 2025
TO REPORT A PROBLEM OR COMPLAINT WITH THIS LENDER, YOU MAY WRITE OR CALL
Compliance Counsel
PO Box 30963
Oakland, CA 94604
415.510.5272
licensing@creditkarma.com
This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504.
To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website www.rld.state.nm.us/financialinstitutions/.
IMPORTANT CONSUMER INFORMATION
This website contains some common terms and definitions, which are intended to help you better understand your credit transaction. Credit costs money, so it is important that you fully understand the terms of your credit transaction. If you come across terms you do not understand, look up the terms, or ask our personnel to explain the terms to you. Ask questions. Make certain the questions that you ask are answered. Make certain you understand the terms and costs of your loan.
Common Terms and Definitions
Equal Credit Opportunity Act (ECOA): A federal regulation which requires lenders to promote the availability of credit to all creditworthy applicants without regard to race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to contract); to whether all or part of the applicant’s income derives from a public assistance program; or to whether the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The regulation prohibits creditor practices that discriminate on the basis of any of these factors.
Contract: A written binding document, describing terms of an agreement between two or more persons. (Keep all paperwork. Later, if there are any questions, you will have your agreement in writing.)
Annual Percentage Rate (APR): The cost of your credit as a yearly rate. APR is a combination of the interest rate plus the fees charged on your loan. APR is higher than the interest rate because it includes both fees and interest as finance charges. The calculation of APR is mandated pursuant to Federal Law ( 12 CFR Part 1026 – Truth in Lending Act (“TIL-APR”)). It is intended to provide a single value for a consumer to compare the cost of credit between one lender and another. Under New Mexico law, an additional type of annual percentage rate (“NM-APR”) must be disclosed, which may include additional charges that are not included in the TIL-APR. The NM-APR for a loan in an amount of more than $500 and up to $10,000 made pursuant to the Small Loan Act of 1955 or the Bank Installment Loan Act of 1959 cannot exceed thirty-six percent. The NM-APR for a loan in an amount of $500 or less made pursuant to the Small Loan Act of 1955 or the Bank Installment Loan Act of 1959 cannot exceed thirty-six percent plus a fee that shall not exceed five percent of the total principal of the loan and shall not be imposed on any borrower more than once per 12-month period.
Finance Charge: The dollar amount the credit will cost you. Finance charges include interest, and may also include transaction fees and service fees.
Principal: The amount of money owed on a debt, on which interest is calculated.
Interest: The cost of borrowing money, generally a percentage of the amount owed.
Balance: The total amount of money owed to a lender.
Default: Failure to pay a debt as agreed to on a contract. When a loan is in default, the lender may demand full payment of the remaining debt.
Collateral: Security pledged by a borrower to protect the interests of the lender; in case of default, the lender may take ownership of the security, if any, pledged by the borrower.
Credit Bureau: A private company that keeps a record of your credit history for distribution upon request by authorized parties. When you apply for credit, a lender may request a credit report to review when considering your application.
Credit History: A record containing information about you, including your payment history on previous debts.
Credit Report: A report of the credit history and other information about you that is kept by credit bureaus, which may include: your name, address, social security number, payment history (good and bad), current and previous debts, employers, income, etc. Accurate information on a credit report may not be legally removed. Incorrect information may be removed by disputing the information to the credit bureau involved.
New Mexico Only: This lender is licensed and regulated by the New Mexico Regulation and Licensing Department, Financial Institutions Division, P.O. Box 25101, 2550 Cerrillos Road, Santa Fe, New Mexico 87504. To report any unresolved problems or complaints, contact the division by telephone at (505) 476-4885 or visit the website: www.rld.nm.gov/financial-institutions/.
North Carolina
North Carolina Loan Broker Registration #249
As required by North Carolina law, Credit Karma Offers, Inc. has secured a bond by Platte River Insurance Company, 1600 Aspen Commons, Middleton, WI 53562, a surety authorized to do business in North Carolina.
North Dakota
North Dakota Money Broker License #MB103696
NOTICE: MONEY BROKERS ARE LICENSED AND REGULATED BY THE DEPARTMENT OF FINANCIAL INSTITUTIONS, 2000 SCHAFER STREET, SUITE G, BISMARCK, NORTH DAKOTA 58501-1204. LICENSING DOES NOT CONSTITUTE AN APPROVAL OF THE TERMS OR OF THE BROKER’S ABILITY TO ARRANGE ANY LOAN. COMPLAINTS REGARDING THE SERVICES OF MONEY BROKERS SHOULD BE DIRECTED TO THE DEPARTMENT OF FINANCIAL INSTITUTIONS.
Oklahoma
Oklahoma Credit Service Organization #CSO00532
As required by Oklahoma law, Credit Karma Offers, Inc. has secured a bond by Platte River Insurance Company, 1600 Aspen Commons, Middleton, WI 53562, a surety authorized to do business in Oklahoma.
Oregon
Oregon Consumer Finance License #0451-001-C
Credit Karma Offers, Inc. is subject to the regulations and oversight of the Division of Financial Regulation of the Department of Consumer and Business Services. Public inquiries or complaints can be directed to 888-877-4894.
Pennsylvania
Pennsylvania Consumer Discount Company #63798
Rhode Island
Rhode Island Loan Broker License #20183569LB
Tennessee
Tennessee Industrial Loan and Thrift Registration #167039
Texas
Texas Regulated Lender License #159312
Vermont
Vermont Loan Solicitation License #LSO-1628077
Vermont Loan Solicitation Other Trade Name #1 License #LSO-1628077-1
THIS IS A LOAN SOLICITATION ONLY. CREDIT KARMA OFFERS, INC. IS NOT THE LENDER. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR LOAN INQUIRY. THE LENDER MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. THE LENDER MAY BE SUBJECT TO FEDERAL LENDING LAWS.
West Virginia
West Virginia Credit Services Organization Registration #9AIKL
As required by West Virginia law, Credit Karma Offers, Inc. has secured a bond by Platte River Insurance Company, 1600 Aspen Commons, Middleton, WI 53562, a surety authorized to do business in West Virginia.
Wisconsin
Wisconsin Consumer Act Registration, May 2017