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Companies Making Calls Promising to Reduce Credit Card Interest Rates Get Ass Slapped By FTC

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I can’t tell you how many calls I get from autodialers promising to reduce the interest rates on my credit cards. I’m not alone in receiving these calls. My only regret is I’ve been unable to record the calls when they come in. Well the Federal Trade Commission has take action against companies that make …

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Illinois Attorney General Madigan Sues Company Making Debt Reduction Promises

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Illinois Attorney General Lisa Madigan today filed a lawsuit targeting a telemarketing scam that promises to immediately reduce consumers’ credit card interest rates but ultimately fails to achieve any savings for consumers. “During these difficult economic times, consumers are understandably looking for ways to ease the burdens of rising debt,” Madigan said. “But I urge …

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