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FTC sends checks to people who paid to lower their credit card interest rates

The FTC is sending a second round of checks to people who lost money to debt relief schemes.

The FTC and the Office of the Ohio Attorney General sued Educare Centre Services (which also did business as L.L. Vision), along with the company’s payment processor (Madera Merchant Services), and its VoIP phone provider (Globex Telecom). The defendants agreed to settle.

According to the lawsuit, Educare falsely promised to lower credit card interest rates and illegally charged upfront fees for debt relief services. The company promised a 100% money back guarantee if customers were not satisfied but routinely denied refund requests.

The FTC first sent checks in July 2021, which resulted in more than $1.7 million in refunds. Because there is still money in the fund, the FTC is sending a second round of checks to people who cashed their first check and paid the defendants more than $425.

If you get a check, please cash it within 90 days. 

You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-833-916-3597.