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06/10/2009

BBB, Schumer Warn Consumers of Robocalls Promising to Lower Their Credit Card Interest Rate

Consumers across the U.S. and Canada are sounding off to Better Business Bureau about incessant automated telemarketing calls promising to lower interest rates on their credit cards. Not only are the calls a nuisance and violate U.S. and Canadian Do-Not-Call laws, but some companies behind the calls are ripping off consumers by charging large up-front fees to negotiate lower interest rates with credit card companies—something consumers can do on their own for free.