Credit Card Interest-Rate Scam Refuses to Die

Has "Rachel from Card Services" called you?
Telephone fraudsters know that Americans are fed up with high interest rates on their credit card balances and have for years been trying to cash in on that frustration by tricking consumers into paying them as much as several thousand dollars for bogus rate reduction programs.
This con, often initiated by pre-recorded robocallers like "Rachel," has been going on for years. And despite numerous enforcement actions by the Federal Trade Commission (FTC), it just won't go away.
Bikram Bandy, coordinator of the FTC's Do Not Call Program, says he is concerned that many people are falling for the scam - and losing money - when offered the "too-good-to-be true" promise of unrealistically low interest rates.
"It's disheartening that this scam continues, and it does continue because the scammers are still making money from it," Bandy told NBC News.