If you have receive telephone calls from companies claiming they can negotiate lower interest rates on your credit cards for a small …
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If you have receive telephone calls from
companies claiming they can negotiate lower interest rates on your
credit cards for a small fee — beware.
These companies guarantee that your rates will
be lowered and that the reduced rates will save you thousands. They
entice you by saying you must take advantage of their offer now
because it is available only for a limited time. If you are tempted
by the promises in a rate reduction telephone call, hold off — and
hang up. What they offer is something that you can do
If you’re looking to reduce the interest rate
you’re paying on your credit card purchases, your best bet is to
handle it yourself for free: call the customer service phone number
on the back of your credit card and ask for a reduced rate. Be
calm, patient and persistent.
• Don’t give out your credit card information.
Once a scammer has your data, they can charge your credit card for
their own purchases or sell the information to other
• Don’t share other personal financial or
sensitive information like your bank account or Social Security
numbers. Scam artists often ask for this information during an
unsolicited sales pitch, and then use it to commit other frauds
• Be skeptical of any unsolicited sales calls
that are pre-recorded, 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
Recognize, refuse, report consumer fraud. In the
Denver Metro area, call 303-222-4444 or visit
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