Voice mail boxes across the Noodles And Company Germantown are being clogged with prerecorded phone calls from companies that claim to be able to negotiate significantly lower interest rates with your credit card issuers if you just pay them a fee first. The Federal Trade Commission FTCthe nation's consumer protection agency, says consumers who get these interest rate reduction robocalls should listen to them with extreme skepticism, and delete them.

Many are scams. The companies behind the sales pitches claim to have special relationships with credit card issuers.

They guarantee that the reduced rates they offer will save you thousands of dollars in interest and finance charges, and will Credit Card Services Company you to pay off your credit card debt three to five times faster. They claim that the lower interest rates are available for a limited time and that you need to act now. Some even use money-back guarantees as further enticement.

The FTC says that the companies behind these robocalls can't do anything for you that you can't do for yourself — for free. You have just as much clout with your credit card issuer as these companies, and you are just as likely to get turned down for a rate reduction regardless Credit Card Services Company their promises or supposed efforts to negotiate on your behalf.

Indeed, FTC investigators found that people who pay for these services don't get the touted interest rate reductions, don't save the promised amounts, don't pay off their credit card debt three to five times faster, and struggle to get refunds.

If you do business with a debt relief company, you may be required to put money in a dedicated bank account, which will be administered by an independent third party. The account administrator may charge you a reasonable fee, and is responsible for transferring funds from your account to pay your creditors and the debt settlement company when settlements occur.

See Settling Credit Card Debt. Be calm, patient and persistent. And if you are tempted by the promises in a rate reduction robocall, the FTC says hold off — and hang up. First call to try to stop the payment, and then follow up in writing. Federal Trade Commission Consumer Information.

Search form Search. Share this page Facebook Twitter Linked-In. Once a scammer has your data, they can charge your credit card for their own purchases or sell the information to Orlando Power Company scammers. Scam artists often ask for this information during an unsolicited sales pitch, and then use it to commit other frauds Jenny Watch Company you.

Be skeptical of any unsolicited sales calls that are prerecorded, especially if your phone number is on the National Do Not Call Registry. If your number is on the National Do Not Call Registry, a telemarketer may call you only if you have agreed to accept calls from the company the salesperson works for, if you have bought something from the company within the last 18 months, or if you have asked the company for information within the last three months.

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Card Services Scams The Office of Attorney General Keith ...

Card Services Scams People are being bombarded with scam telephone calls that promise to help lower their credit card interest rates. The recorded calls purport to come from nondescript entities such as “Card Services,” “Cardholder Services,” etc. Due to the nondescript identification of the caller, some people may believe that the calls are from their credit card company.…