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The Truth About Avoiding Scams
book

The Truth About Avoiding Scams

by Steve Weisman
January 2008
Beginner to intermediate
224 pages
3h 16m
English
Pearson
Content preview from The Truth About Avoiding Scams

Chapter 43. Credit card rate reduction scam

Would you be enticed by a telephone call purportedly from someone connected to your credit card company telling you that he could help you reduce the interest rate on your credit card to as low as 4.75 percent? Many people are.

And why not? If you have caller ID, the call appears to be from your credit card company. The cost for this service is generally hundreds of dollars that, you are told, will be totally refunded if the promised credit card interest rate reductions are not obtained. So what is there to lose? Upon sending the company the initial money, you receive a form to fill out that requests information about your credit cards and other debts as well as requesting your Social Security number ...

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Publisher Resources

ISBN: 9780768681871Purchase book