Beware Credit Card Scam They Can’t lower Your Rate

Beware of telemarketers promising to lower your credit card interest rates. Everyone with a phone is at risk of this credit card scam. It’s via an automated telemarketer call system. And they don’t care if you are on the “DO Not Call List”. The telemarketers are promising to lower your interest rates on your credit cards, but don’t fall prey to it. If you do, it will cost.

The Better Business Bureau is warning credit card holders not to fall prey to this credit card scam. Already, thousands of Americans have received these calls — me included. When I got the call it sound official. However, I hung up and call my credit card company directly. They notified me that it was a scam. Special tip — if you want to have your credit card interest rate lower — call the credit card company yourself.

Here’s how the credit card scam works: Once you received the automated call, it will direct you to call another telephone number. After you call this second number you are asked to pay a fee of $700 -$1000 for them to get your credit card interest rate lower. The Better Business Bureau is directing people to “just hang up”. Don’t call the second phone number.

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