Today Credit Karma presented its findings on how Americans are using credit at the United States Conference of Mayors’ 85th Winter Meeting in Washington, D.C. The brief, titled “Mapping the Credit Landscape in America’s Cities,” benchmarked the average credit scores and mortgage, student loan, automobile and credit card debt of Credit Karma members in 20 cities across the country. The report is a resource for civic leaders trying to understand how residents in their cities are currently managing credit, as they consider programs to strengthen city economies. “Information about how real people are managing their credit can be valuable for leaders creating their own initiatives to improve financial health,” said Credit Karma Senior Manager for Policy and Consumer Education Harris Qureshi. “Credit Karma is dedicated to helping everyone make financial progress and our collaboration with the Conference of Mayors is one way we are delivering on that mission.”
The presentation is the first in a series of reports Credit Karma will be authoring in collaboration with the United States Conference of Mayors and its Council on Metro Economies and the New American City, highlighting best credit practices and financial trends in America.
About Credit Karma
Founded in 2007, Credit Karma is a personal finance company that’s focused on helping everyone make financial progress. Whether they’re interested in getting a better deal on a loan, looking for ways to save, or simply monitoring their credit, we offer a range of tools and personalized recommendations designed to help them make the most of their money. Our business model is unique in that no matter what new products or services we introduce, we’re committed to providing a service that’s always free. With more than 60 million members, we help people gain insight into their finances and credit information – and ultimately, improve their financial standing.Learn more about how Credit Karma members are making financial progress on Facebook, Twitter and YouTube.