September 13, 2012

FTC Sends Refunds to Victims of Robocall Credit Card Interest Rate Reduction Scheme

4,468 Checks Being Mailed This Week on Behalf of FTC to Consumers Nationwide; Calls Included Those from "Heather from Card Services"

The Federal Trade Commission is mailing refund checks to 4,468 consumers nationwide who allegedly were defrauded by a telemarketer who used robocalls to pitch worthless credit card rate reduction programs for an up-front fee. Each consumer will receive a check for between $31 and $1,300, based on how much money he or she lost in the scam.

The refunds stem from the July 2010 judgment in one of several cases the FTC brought against defendants that made illegal robocalls to consumers, using names including "Heather from card services" and "client services." According to the FTC, the defendants in this case claimed that they could lower the interest rates on consumers' credit cards – for an up-front fee that typically ranged from $990 to $1,495. The defendants also falsely stated that consumers who did not save the "guaranteed" amount – typically $4,000 or more – could get a full refund of the up-front fee. However, after consumers paid the fee, the defendants did little to negotiate better terms on their behalf and refused refunds to consumers who were dissatisfied with their services.

www.ftc.gov

More...

The above statements do not represent those of Weston Legal or Michael Weston and they have not been reviewed for accuracy. The statements have been published by a third party and are being linked to by our website only because they contain information relating to debt. Nothing in this article should be construed as legal advice given by Weston Legal or Michael Weston. To view the source of the article, please following the link to the website that published the article. Articles written by Michael W. Weston can be viewed here: To report any problem with this article please email azcreditcardlawsuit@westonlegal.com

Michael Weston provides Debt Lawsuit Defense in all cities of Arizona, USA including: