Free Credit Card Tracking tool By Credit Karma

Credit Karma Inc., the Web site that offers free credit scores and financial advice to U.S. consumers, is adding a tool today to help users understand the components behind their credit reports.

The free service requires users to register and give personal information such as their Social Security number and date of birth. Users of the “Credit Report Card” will be able to see how their total debt, payment history and other factors may affect their scores.

“Ninety-five percent of consumers don’t know any of these relationships and how they work in regards to a credit report,” said Ken Lin, the chief executive officer and founder of San Francisco-based Credit Karma, in an interview. “If you’ve ever looked at a credit report you’ve got 8 to 12 pages of data that doesn’t correlate to a credit score.”

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