FTC sends payments to compensate people for time wasted applying to offers from Credit Karma
The FTC is sending 50,994 payments totaling more than $2.5 million to people who requested compensation for their time spent responding to credit offers from Credit Karma.
According to the FTC, many people who got “pre-approved†credit offers from Credit Karma did not qualify for those offers and were denied credit. As a result, they wasted time applying and sometimes saw their credit scores drop when their applications were denied.
The settlement required Credit Karma to stop making these types of deceptive claims and pay money. The FTC is using that money to send payments to people who filed a valid claim before the deadline.
You will get the payment type that you selected during the claims process.
If you get a check, please cash it within 90 days.
If you get a PayPal payment, please accept it within 30 days.
You can find answers to common questions about FTC refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-866-848-0871.