Scams to lower your credit card interest rate Quiz

1. What do scammers falsely claim about their relationship with banks?

A. They have special relationships with banks. B. They are bank employees. C. They own the banks.

2. Why do scammers say the lower interest rates are only available for a limited time?

A. To ensure you get the best deal. B. To rush you into a quick decision. C. Because the rates are genuinely limited.

3. What is illegal for companies selling debt relief services over the phone?

A. Charging a fee before settling or lowering your debt. B. Offering free consultations. C. Providing written contracts.

4. What should you do if you receive a robocall trying to sell you something?

A. Listen to the offer carefully. B. Hang up immediately. C. Provide your personal information.

5. What is a key way to protect yourself from debt relief scams?

A. Share your credit card information with trusted callers. B. Pay the company before they help you. C. Don’t share personal information with unsolicited callers.