Tag Archives: debt relief services

Credit Card Interest Rate Reduction Scam Nailed in Canada-U.S. Sting

The Federal Trade Commission has reached a settlement with four of the defendants in an allegedly phony debt relief services operation that claimed that, for $995, it would dramatically reduce consumers’ credit card interest rates. Under the settlement, reached as part of the FTC’s continuing efforts against frauds that target financially strapped consumers, the defendants [...]

Bogus and Scam Credit Counseling Groups Become Target Of Florida Legal System

TALLAHASSEE, FL – Attorney General Bill McCollum today unveiled his office’s latest consumer protection initiative in the form of a coordinated enforcement effort targeting potentially improper tactics in Florida’s debt relief industry. In a statewide initiative, the Attorney General’s Economic Crimes Division has taken legal action against five companies and opened formal investigations into the [...]