If a company calls you unexpectedly and offers to help lower your credit card interest rate, say “no, thanks.” It’s probably a scammer hoping you’ll pay them for shortcuts that don’t really exist. Here’s how to spot and avoid scams that promise to help lower your credit card interest rate.
Scammy debt relief companies promise to help reduce your debt, but what they really want is your money. They charge you an upfront fee before they help. But that’s illegal and along with getting little to no help, you could wind up in even more debt. Some scammers use information they already have — like the last four digits of your Social Security number, your zip code, or your exact credit card balance — to get you to trust them and…