Sketchy of the Week: Credit Karma

Credit Karma is feeling the consequences of what else well, karma. The credit company agreed to pay $3 million to settle charges levied by the Federal Trade Commission. According to the FTC, Credit Karma deceived consumers by falsely saying they had been pre approved for credit cards or loans offered by banks and lenders that use the company to promote their financial products. In reality, the people who applied weren't approved for credit, but rather saw their credit score drop when their applications were denied. This happened from 2018 through 2021. The FTC is compensating people for their lost time. If you think you might be eligible, you can file a claim online at ftc.gov/credit Karma.

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