CHARLOTTE — Credit Karma has agreed to pay consumers $3 million to settle allegations the company sent people misleading offers.
The Federal Trade Commission said Credit Karma told consumers they were pre-approved for credit cards and loans they ended up not qualifying for.
[ ALSO READ: Family runs into $5,700 problem when company says they didn’t return rental truck ]
The FTC sued the company, saying the people ”wasted time applying and saw their credit scores drop when their applications were denied.”
Action 9′s Jason Stoogenke will pass along the details of how to receive part of that $3 million settlement when he has them.
(WATCH BELOW: Family runs into $5,700 problem when company says they didn’t return rental truck)
This browser does not support the video element.