FTC Sends Refunds to People Who Paid to Lower Their Interest Rates
The FTC is mailing 1,244 checks to people who were contacted via illegal robocalls and sold deceptively marketed credit card interest rate reduction services. In May 2015, a Florida district court ordered several defendants in the FTC’s case against the Treasure Your Success robocall scheme to pay more than $1.7 million to the Commission. The FTC is using that money to provide full refunds that average more than $1100 each.
Using illegal robocalls to bait consumers, the defendants promised to lower people’s credit card interest rates and to save them thousands of dollars, in exchange for an upfront fee. After collecting the fee, they failed to provide the promised interest rate reductions or the savings.
If you receive a check, please cash it within 60 days.
If you have questions about the case, contact the refund administrator at 877-389-4476.