BBB has been receiving inquiries from consumers regarding the above-mentioned company that is cold calling people offering to lower their credit card rates by simply joining in a 3-way call to each of your credit card companies and negotiating lower interest rates with you by way of phone. The business stays on the phone while the consumer confirms all security measures taken by the credit card companies to confirm the identity of the caller and then they proceed to talk to the CC company while the customer sits by and listens.
BBB ADVICE
There are many red flags to this approach to debt reduction offers via phone. RED FLAG #1: You don’t know who exactly you are dealing with when an offer cold calls you like this. When do you get time to do research to make sure it is a valid offer? RED FLAG #2: You have to confirm or verify personal information over the phone without knowing who you are dealing with. RED FLAG #3: You don’t get a chance to read a contract, or understand terms and conditions of the offer. RED FLAG#4: Your negotiations can end up merely verbal, with nothing in writing.
BBB offers the following advice for consumers who receive calls from companies offering to lower their interest rate:
• Never give personal information, including Social Security, bank or credit card numbers, over the phone to an unknown telemarketer. Always research the company first by reviewing its Reliability Report at www.bbb.org.
• When considering any company offering any type of financial assistance, insist on getting a contract in which all terms and conditions are clearly explained before signing up or providing credit card or other payment information.
Suspect SCAM:
http://acceleratedsavings.com/index.php
"Accelerated Savings, Inc" aka Accelerated Services Inc.
Calling to say last chance to lower credit card rates. Violating DNC law.
Report to authorities,
Press 1 for an agent; got Kyle, hung up when Requested a DNC.
“Accelerated Savings, Inc.”
1220 Prospect Ave
Suite 281
Melbourne, FL.
32901 USA
Toll free 1-888-351-2551
UK Corporate Office
6 Cottenham Road
Histon, CV22 9ES
I forgot to turn on answering machine must have rang 8x before I got to it - strange anyone letting it ring that many times would have something to say but just hung up on me after I answered my phone??????