BETTER BUSINESS BUREAU ISSUES WARNINGS ON THREE MISLEADING OFFERS
Michigan Credit Union League - Your Money Matters
If it sounds too good to be true, it usually is! The Better Business Bureau (BBB) again urges consumers to be careful when confronted by offers that sound too good to be true. Recently the BBB has expressed concerns over an increase in the number of inquiries to its office regarding winnings, lotteries and credit card offers. They have listed the following three companies as the subjects of most of those inquires. As a board member of the Better Business Bureau I wanted to share these with you:
ACG Independent Judging Organization Irvine, CA
The BBB has received nearly 300 inquiries on this company since January. ACG Independent Judging Organization recently sent out a mailing that included a document designed to resemble a check made out for $7,500. A statement does appear on the document that reads, "Not Valid/Not a check."
To claim the winnings a (900) call must be made with the odds of actually receiving any money at one in five million. The cost of this call is $3.98 per minute with an average call of seven minutes. According to the BBB in Cypress, California, this company has an unsatisfactory record with their Bureau and has been the subject of several governmental actions for alleged deceptive advertising practices.
International Lottery Payout (ILP) Vancouver, BC
Inquiries from consumers state that International Lottery Payout offers lottery tickets guaranteed to be winners. According to the BBB in Vancouver, British Columbia, this company has an unsatisfactory record for failing to eliminate the basic cause of customer complaints presented by them. They go on to report that both U.S. and Canadian laws prohibit the sale of offshore lottery tickets. As a final note, consumers who have paid the fees typically never receive any lottery tickets, or any evidence that they were even purchased.
Credit Source Knoxville, TN
Information regarding Credit Source shows that this company contacts individuals by phone offering a Visa or MasterCard with a $5,000 limit. In order for the credit card to be processed, they ask the individuals for personal information including their social security number over the phone. Complaints brought to the Bureau's attention note that after they provide the information, Credit Source charges the individual $35 to their telephone bill. They repeat this charge for three months and then provide an application for the credit card.
Let me remind you that it is highly suggested that you use the utmost caution when asked to provide personal information to any unknown company. If you receive an offer from a credit card company over the phone, ask them to send you their literature before you make any decisions.
And as always, if you would like to lodge a complaint or inquire about a company that you are unfamiliar with contact the BBB twenty-four hours a day, seven days a week by calling either the Detroit-Metro area office at (248) 644-9100 or the Grand Rapids office at (616) 774-8236.