Just because I write about consumer debt and credit issues that does not mean I don’t get my share of junk mail and scam calls.
Here is an innocent-sounding call that leads you to get connected with a salesperson who wants to sell you a debt reduction service.
If you receive a call like this, don’t press any button to be connected to an operator. There are some telltale red flags here in the recorded pitch.
The first is the caller does not identify what company they are with. Next, we hear a promise of an interest rate reduction but without it coming from someone you already have a relationship with, how would they know they could reduce your interest rate.
The call is generic enough that it could be a sales pitch for anything from a debt reduction scheme to a sales call for a “personal loan” you are probably not going to qualify for and then you’ll get pitched an alternative product.
The Free and Easy Way to Reduce Your Rates
You don’t have to pay anyone to see if lower rates may be available on your accounts. Just call your creditors and explain you’ve been a loyal customer and would like to get a rate reduction. They either will or they won’t.
Don’t forget, if you pay your credit card accounts in full each month, you are not charged any interest at all.