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Posted in Auto Loans
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Question By
RayOJ

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Capital One offered auto refinancing at 6.29%. Applied and the rate was 14%. Why the bogus offer?
Credit Karma advertised this offer as a suggestion from Capital One. The rate that they advertised was 6.29%. When I applied the offer they gave me was 14%!!! This is a bogus offer and false advertisement. Credit karma shouldn't all this type of false advertisement to its members.

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It isn't Credit Karma doing the advertising but the credit cards and finance companies who so generously offered to finance the cost of setting up and maintaining this site so we can get the credit education most everyone needs, but for FREE.

AND the interest rate shown on such offers is usually for those with very good credit and no negatives on their credit reports.  Your credit score may noit have met the requirements for that rate.

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