This settlement is closed!
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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.
The settlement benefits 497,425 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.
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.
Under the terms of the settlement, consumers can receive a cash payment. No payment estimates are available, but according to the FTC, payment amounts will vary depending on the number of people who file claims and other factors.
There is no exclusion or objection deadline for the settlement.
The FTC settlement was finalized on Jan. 23, 2023.
In order to receive a Credit Karma settlement payment, consumers must submit a valid claim form by March 4, 2024.
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
Potential Award
Varies
Proof of Purchase
N/A
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
03/04/2024
Case Name
In the Matter of Credit Karma LLC, Case No. 2023138, before the U.S. Federal Trade Commission
Final Hearing
01/23/2023
Settlement Website
Claims Administrator
866-848-0871
Class Counsel
N/A
Defense Counsel
N/A
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118 thoughts onCredit Karma ‘pre-approved’ credit $3M FTC settlement
Please add me I get these offers all the time and in turn am turned down !!! Very frustrating !!
We also have had this happen several times where credit karma said we were pre approved and then a hard check has helped destroyed our credit
Add me! I had this happen with them several times from pre-approved loans to credit cards.
I have had this happen constantly
I was told I was approve for a credit card. Once I applied, denied for the credit card with a hard hit to my credit score and it dropped badly. Then I was told not approved for the credit card and the loan. Then I notice for about a month my credit was just being pulled for loans I did not apply for until I locked my credit files up.
Please contact,concerns class action law suits,if I believe there been a civil affected against me how do I file a civil law suit ,property complex ect.i believe civil offenses been against me,I just couldn’t do anything about several offenses with complexes management, Hayden Enclave Apartment,forced to pay their cable company, forced to pay a water bill that was made up but no record of monthly consumption uses,.eviction filed after I moved out claim 2300 move out fee was back rent fraud lies,they was wrong I have records proof,they forced fraud upon us as tenants 3 years,.we never missed a payment,
I was told that I could get credit or I can get a card but then it dropped my credit and then it’s him that I’m not approved for the card or the credit
I was declined after 100% supposed pre approval and my credit score dropped.
I was pre approved supposedly and then my credit score dropped 40 points after I was denied
These has happened to me several times please add me
My credit dropped after being gold i was pre approved and denied 3 times .within 10 mins my score dropped like 37 points