MEMPHIS, Tenn. — Credit card interest rate reduction scams continue to victimize consumers, despite the Federal Trade Commission (FTC) shutting them down on a regular basis.
In the most recent case, the crooks stole more than $5 million.
ABC24 spoke with Daniel Irwin with the Better Business Bureau of the Mid-South (BBB).
Consumers can learn more about how to protect themselves and what to look out for HERE.
In this common con, scammers impersonate a bank or other credit card issuer. By verifying account information or offering a better interest rate, con artists try to fool you. #scam https://t.co/9zd5inpuom
— BBB of Greater East Tennessee (@BBBGreatEastTN) June 16, 2022
