Credit Karma ordered to pay $3M for 'tricking' consumers with pre-approved offers
The FTC said Credit Karma wasted consumers’ time and hurt their credit scores when they applied for offers they weren’t actually pre-approved for.
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The FTC said Credit Karma wasted consumers’ time and hurt their credit scores when they applied for offers they weren’t actually pre-approved for.
Almost one third of customers who applied for some of Credit Karma's "pre-approved" offers were denied, alleged the FTC.
The FTC said Credit Karma wasted consumers’ time and hurt their credit scores when they applied for offers they weren’t actually pre-approved for.
The company told consumers they were pre-approved for credit cards. For some such offers, a third of applicants were denied, according to the FTC.
But according to the Federal Trade Commission(FTC), consumers who received "pre-approved" credit offers from Credit Karma weren't approved for credit.