Have you ever been turned down for a credit card that Credit Karma claimed you were pre-approved for?
If so, youre far from the only one.
The FTC is ordering the popular credit monitoring service to pay $3 million to customers who were affected.
What Is a Good Credit Score? Here’s How Your Score Works
That enticed users to apply for credit card offers that they ultimately didnt qualify for.
This had a negative impact on their credit scores, the FTC said.
What Is a Good Credit Score?
It also orders the company to stop making these kinds of deceptive claims.
The FTC hasnt said how those consumers will be identified.
No Interest Til Almost 2027?
Did you know?
Credit Sesame or Credit Karma?
Which app is better for your credit score?
Its to havea really good credit score.
And in its response, Credit Karma essentially says that it is no longer doing anything like this.
Were checking with the Federal Trade Commission about that.
As it turns out, weve gota whole article about that very question.
Mike Brassfield is a senior writer at The Penny Hoarder.
