The Federal Trade Commission (FTC)  in conjunction with the Attorney General of Florida brought legal action against E. M. Systems & Services which, using a variety of different names, set up websites and cold called people falsely claiming that they could save them thousands of dollars by reducing their credit card interest rates.  E.M. Systems & Services charged between $695 and $1,495 for their false promises that they backed with an equally worthless money back guarantee.   Not only did the victims of this scam not receive the promised rate reductions, but they also did not receive their money back when they requested refunds.  Now the FTC is sending full refunds to the victims of the scam.

For more information about this particular refund program check out the “FTC Scam Refunds” tab in the middle of the first page of http://www.scamicide.com. You also can find information there about the mailing of the refund checks.  There is no cost or fee to file a claim or get a refund.  Anyone who tells you differently is trying to scam you.

TIPS

It is important to remember that the FTC’s Telemarketing Sales Rules specifically prohibit charging advance fees before providing any debt relief services.  Any company that requires an advance fee before they have completed their successful debt reduction services is breaking the law.  You also may want to consider avoiding scams like this by enrolling in the federal Do Not Call List so that if you are contacted by a telemarketer, you already know it would be someone who is knowingly breaking the law and cannot be trusted.  Registering for the Do Not Call List is easy and free.  Merely go to http://www.donotcall.gov to register your phone number.

If you need real credit counseling you can go to this section of the Department of Justice’s website where it lists agencies approved to assist consumers with debt problems. https://www.justice.gov/ust/list-credit-counseling-agencies-approved-pursuant-11-usc-111    You also may consider contacting companies that are affiliated with the National Foundation for Credit Counseling at this link https://www.nfcc.org/

For those of you receiving the Scam of the day through an email, I just want to remind you that if you want to see the ever increasing list of Coronavirus scams go to the first page of the http://www.scamicide.com website and click on the tab at the top of the page that indicates “Coronavirus Scams.”  Scamicide has been cited by the New York Times as one of three top sources for information about Coronavirus related scams.

If you are not a subscriber to Scamicide.com and would like to receive daily emails with the Scam of the day, all you need to do is to go to the bottom of the initial page of http://www.scamicide.com and click on the tab that states “Sign up for this blog.”