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Credit Karma ordered to pay $3M for 'tricking' consumers with pre-approved offers - Vimarsana News

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.

Source: ktvu.com
Credit Karma Fined $3M for 'Tricking' Users With Allegedly False Offers - Vimarsana News

Credit Karma Fined $3M for 'Tricking' Users With Allegedly False Offers

Almost one third of customers who applied for some of Credit Karma's "pre-approved" offers were denied, alleged the FTC.

Credit Karma ordered to pay $3M for 'tricking' consumers with pre-approved offers - Vimarsana News

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.

Source: fox5dc.com
Credit Karma fined $3 million for falsely advertising credit card pre-approvals - Vimarsana News

Credit Karma fined $3 million for falsely advertising credit card pre-approvals

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.

Credit Karma Giant Settles $3 Million FTC Fine for Tricking Customers into Applying for Pre-Approved Credit Cards Resulting in Denials and Lowered Credit Scores - Vimarsana News

Credit Karma Giant Settles $3 Million FTC Fine for Tricking Customers into Applying for Pre-Approved Credit Cards Resulting in Denials and Lowered Credit Scores

But according to the Federal Trade Commission(FTC), consumers who received "pre-approved" credit offers from Credit Karma weren't approved for credit.