The phone rang while I was getting dressed. It was a robo call telling me I could get the interest rate lowered on my credit card. It came to my “Do Not Call” listed phone. I got two on my cellphone Friday. There’s a “Do Not Call” rule for cellphones too.
Does the FTC know about these? Of course. Last February they posted a page on their website with advice to consumers.
The Federal Trade Commission (FTC), the nation’s consumer protection agency, says consumers who get these interest rate reduction robocalls should listen to them with extreme skepticism, and delete them. Many are scams.
Really? Wow, thanks for that expert insight.
Hey, FTC. This stuff against the law! Aren’t you supposed to recommend prosecution and shut them down? Can’t we make crime not pay?
If we wanted consumer protection based on caveat emptor we could save a boatload of money by dissolving the FTC. Most of us would rather have you step in and… you know… do your job!
These companies charge money. The collect fees through credit card payments. Can’t they be found and stopped?