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Here the scammer pretends to be offering you a reduction on your interest rate and gives an ultimatum to create urgency. The offer isn’t real — it’s a scammer calling.
"Thanks to your good payment history and good credit score, you have been qualified finally for interest rate reduction between 0 to 5%. Several attempts were made to reach you. This is your final courtesy call before we are unable to lower your interest rates. So press 1 now."
Take These Steps to Protect Yourself from Robocalls
Michigan's Robocall Crackdown Team
As the Department continues to crack down on robocalls, consumers should take these steps to protect themselves:
- Hang up and call the company directly using a number listed on the company's website.
- Never give personal information to someone you do not know.
- Ignore calls for immediate action; scammers try to use a sense of urgency to get you to act before you can think about what is happening.
- Beware of requests to pay via wire transfer, prepaid debit card, gift card, or any type of payment app.