Credit Karma ‘Pre-Approved’ Credit FTC Class Action Lawsuit

The Federal Trade Commission (FTC) is issuing refunds to consumers after Credit Karma agreed to a $3 million lawsuit settlement to resolve the claim that it misrepresented consumers as “pre-approved” or having high approval odds for lending opportunities they were later denied.

According to the FTC lawsuit, Credit Karma falsely represented consumers’ chances of being approved for credit opportunities to deceive them into applying. These applicants were allegedly denied due to their credit, resulting in wasted time and, in some cases, dropped credit scores.

Credit Karma is an Intuit company that allows consumers to see their credit profiles and provides credit recommendations.

Credit Karma agreed to a $3 million settlement to end the FTC’s claims, and the agency is now returning those funds to affected consumers.

Credit Karma ‘Pre-Approved’ Credit FTC Class Action Lawsuit

• Who’s Eligible:
  • Consumers who were denied credit after responding to a Credit Karma offer that said they were “pre-approved” and/or had “90% odds” of being approved for the credit opportunity
• Estimated Amount: Varies
• Proof of Purchase: N/A
• Claim Form Deadline: 03/04/2024
• Case Name & Number:
  • In the Matter of Credit Karma LLC, Case No. 2023138, before the U.S. Federal Trade Commission
• How to file a claim:
  • Head over to the Claim Form.
  • Read over the claim form to see if you are eligible.
  • Complete the claim form with your info.
  • Submit your claim form to receive your potential award!

(Click here to file a claim)

Bottom Line

Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.

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