FTC Monitors Consumer Payments Safety

Consumer paymentsFTC announced that they shut down a company Payless Solutions that lied about lowering credit card interest rate. According to Weintraub Schifferle Attorney, Division of Consumer and Business Education, FTC, the company is no longer in business because of scam activity. They made money by charging the customer for  interest rate reduction services without permission. Most of the time the customer didn’t get a lower interest rate or any consumer payments benefits. Instead people lost money.

 

 

 

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