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

The FTC is sending 7,786 refund checks totaling nearly $2.3 million to people who lost money to credit card 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 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 and Ohio alleged that Madera supported many dishonest companies, including Educare’s deceptive telemarketing scheme, and that Globex knowingly provided the Educare scheme with the means to make calls to U.S. consumers, including illegal robocalls, to market Educare’s phony credit card interest rate reduction services.

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.