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Home > News > Press Releases > Attorney General Schneider Warns Consumers of Credit Card Interest Rate Reduction Scams
Attorney General Schneider Warns Consumers of Credit Card Interest Rate Reduction Scams
November 8, 2011
AUGUSTA – Attorney General William J. Schneider is warning consumers about reports of pre-recorded phone calls from companies claiming to be able to help lower the interest rate on your credit card.
“There are reports from Maine consumers who have received the automated phone calls asking individuals to enter their debit or credit card number,” said Attorney General Schneider. “Never provide any personal banking information based on an automated phone call. If you get one of these robo-calls, immediately hang up and contact our consumer hotline.”
A typical call will come from “card services”, “card holder services” or “credit card services” and regards lowering your interest rates. The recording instructs the individual to press 1 for more information. The caller then requests your credit card number, social security number or other personal information.
Attorney General Schneider advices consumers to protect themselves by following these guidelines:
If you think you have experienced a credit card interest rate reduction scam, call the Attorney General’s Consumer Protection Hotline at (207) 626-8849.
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