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Credit Karma to pay $3M over ‘deceptive’ credit card offers, feds say

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As part of a settlement, the credit score company will have to pay restitution to harmed consumers.

Credit Karma said in a statement that it “fundamentally disagrees” with the FTC allegations.Credit Karma of using claims that consumers were “pre-approved” and had “90% odds” to entice them to apply for offers that, in many instances, they ultimately did not qualify for.

After a consumer signs up to get free credit scores from Credit Karma, the company uses the consumer’s personal information to “send targeted advertisements and recommendations for financial products, like credit cards.”

 

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