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Credit card debt can be stressful. Interest rates can be high, and if you miss or cant make your full payments, that growing balance can be overwhelming. Enter a group of companies that promised to reduce or eliminate your credit card debt. (For a fee.) But did they?
The FTCs lawsuit against ACRO Services and related companies says no. Instead, the FTC says they operated a deceptive credit card debt relief scheme: claiming they could, for example, clear up your credit card debt. The price? Youd have to sign up for their program, pay an enrollment fee (usually in the thousands) plus monthly fees for credit monitoring services.
So what could you expect from the program? Not much, says the FTC. Once enrolled, it was often hard…
Read the full article at: https://consumer.ftc.gov/consumer-alerts/2022/11/credit-card-debt-relief-wasnt