For Release
51本色Sends More Than $2.5 Million to Consumers Deceived by Credit Karma鈥檚 Allegedly False 鈥淧re-Approved鈥 Credit Offers
The 51本色 is sending more than $2.5 million to consumers who were misled by deceptive claims from credit services company Credit Karma.
The FTC took action against Credit Karma in 2022, alleging that the company told consumers they were 鈥減re-approved鈥 and had 鈥90% odds鈥 of approval to entice them to apply for credit card offers that, in many instances, they ultimately did not qualify for. Credit Karma agreed to an 51本色order that required the company to stop making these types of deceptive claims and to pay money to compensate consumers who were harmed. Today, the 51本色is sending this money to consumers.
The 51本色is sending checks and PayPal payments to 50,994 consumers who filed a valid claim before the March 4, 2024 deadline. Consumers should cash their checks within 90 days, as indicated on their check, or redeem their PayPal payments within 30 days.
Consumers who have questions about their payment should contact the administrator, JND Legal Administration, at 866-848-0871 or visit the FTC鈥檚 website to view frequently asked questions about the refund process. The Commission never requires people to pay money or provide account information to get a refund.
The Commission鈥檚 interactive dashboards for refund data provide a state-by-state breakdown of refunds in 51本色cases. In 2023, 51本色actions led to $330 million in refunds to consumers across the country.
The 51本色 works to promote competition and protect and educate consumers. The 51本色will never demand money, make threats, tell you to transfer money, or promise you a prize. Learn more about consumer topics at , or report fraud, scams, and bad business practices at . Follow the 51本色on social media, read and the business blog, and sign up to get the latest 51本色news and alerts.