Pre-Qualification Platform Terms for Loans

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Credit Karma's Loan Pre-Qualification Platform (the “Loan Pre-Qualification Platform”) is a tool that helps you find pre-qualified offers for financial product with greater ease and certainty. By signing up for and using the Loan Pre-Qualification Platform, you agree to the following terms:

1. Permission to Share Information. I authorize Credit Karma to periodically share personal profile information it has collected about me with current or future participating loan providers or loan platforms (“participating providers”) so that they can identify and return certain “prequalified” personal loan, auto loan, small business loan or student loan offers (each such submission, a “pre-qualified offer request”).

2. Permission for Participating Providers to Make Soft Inquiries; No Impact to Credit Score. I authorize each participating provider to obtain and use consumer report information about me from one or more consumer reporting agencies (such as TransUnion, Equifax or Experian). These soft inquiries will not impact my credit score and my consumer report information will be used solely in connection with identifying and providing me with pre-qualified offers.

3. Offers Not Guaranteed; Application Still Required. I understand that receiving pre-qualified offers through Credit Karma’s Loan Pre-Qualification Platform does not guarantee approval and I will still need to submit an application with participating providers. While checking for pre-qualified offers does not result in a hard inquiry or affect my credit score, I understand that if I choose to apply for a pre-qualified offer with a participating provider, that provider may run a hard inquiry, which can impact my credit score.

4. Available Products Subject to Change. I understand that many, but not all, financial service providers participate in the Loan Pre-Qualification Platform and that the platform may not include every product offered by participating providers. I further understand that Credit Karma will determine, in its sole discretion, when, how often, and with which participating providers it checks for pre-qualified offers based on criteria from each participating provider, availability of information needed to identify prequalified offers and other relevant factors.

5. Electronic Communications Consent. I consent to receive communications about pre-qualified offer requests electronically from participating providers or Credit Karma as described in these E-Consent Terms. These electronic communications include responses to pre-qualified offer requests, any applicable notices or disclosures required by law and, when enabled, the notifications about offers described in the following paragraph.

6. Notifications About New or Recommended Offers (optional). I understand and agree that Credit Karma will send me email or push notifications to tell me about recommended pre-qualified offers I receive from pre-qualified offer requests submitted on my behalf. I understand that I can adjust my Communications & Monitoring Settings to turn off these offer notifications.

7. One-Year Enrollment Period. I understand that my enrollment in the Loan Pre-Qualification Platform and the authorizations granted herein will remain valid for a one-year period.