Skip to main content

When you’re having trouble paying your credit card bills, getting a lower interest rate to keep your balance in check could be a game changer. Unfortunately, companies that promise to get you those lower rates often end up leaving you deeper in debt.

Today, the FTC and Florida Attorney General announced a complaint against Orlando-based YF Solution for allegedly defrauding people by promising to substantially and permanently lower the interest rates on their credit cards. According to the complaint, callers from YF Solution often pretended to be connected with people’s credit card companies and told people that — for a fee — they could get them rates that would save them thousands of dollars in interest.

But after people paid, the company didn’t get them a lower rate. Instead, YF Solution opened up new credit cards with low introductory interest rates in people’s names — without their permission. People also had to pay YF Solution up to $4,995 for its services, and were also often left to pay undisclosed balance transfer fees that could total three to five percent of the total amount of money transferred to the new credit cards. As a result, people often ended up with more debt than when they started.

If you’re looking for a lower interest rate on your credit cards, here’s what you need to know:

  • It’s illegal for a company to charge you a fee before performing a debt relief service.
  • The best way to get a lower rate is to do it yourself for free. Call the customer service number on the back of your credit card and ask the company directly for a lower rate.

Report credit card interest rate schemes at

Search Terms

It is your choice whether to submit a comment. If you do, you must create a user name, or we will not post your comment. The Federal Trade Commission Act authorizes this information collection for purposes of managing online comments. Comments and user names are part of the Federal Trade Commission’s (FTC) public records system, and user names also are part of the FTC’s computer user records system. We may routinely use these records as described in the FTC’s Privacy Act system notices. For more information on how the FTC handles information that we collect, please read our privacy policy.

The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. Your thoughts, ideas, and concerns are welcome, and we encourage comments. But keep in mind, this is a moderated blog. We review all comments before they are posted, and we won’t post comments that don’t comply with our commenting policy. We expect commenters to treat each other and the blog writers with respect.

  • We won’t post off-topic comments, repeated identical comments, or comments that include sales pitches or promotions.
  • We won’t post comments that include vulgar messages, personal attacks by name, or offensive terms that target specific people or groups.
  • We won’t post threats, defamatory statements, or suggestions or encouragement of illegal activity.
  • We won’t post comments that include personal information, like Social Security numbers, account numbers, home addresses, and email addresses. To file a detailed report about a scam, go to

We don't edit comments to remove objectionable content, so please ensure that your comment contains none of the above. The comments posted on this blog become part of the public domain. To protect your privacy and the privacy of other people, please do not include personal information. Opinions in comments that appear in this blog belong to the individuals who expressed them. They do not belong to or represent views of the Federal Trade Commission.

July 16, 2020
Why did it take 5 years to stop this? Are they going to prison for theft and fraud, or are they going to pay 10 percent back and keep the rest.
FTC Staff
July 16, 2020

In reply to by chops

The court’s order temporarily halts the Orlando-based operation, freezes its assets, and appoints a receiver over the businesses. In a joint complaint, the FTC and Florida Attorney General’s Office are seeking to permanently stop the conduct and secure money for consumer refunds.

July 16, 2020

In reply to by chops

5 years? This has been going on since the 90s. Originally it was 'Rachel' who called. When I get a call like this today (and I get 1-5 a day) and I start to ask questions, they hang up on me.
Michael …
July 16, 2020
I'm glad that I read this. I don't trust anybody anymore that says that they'd lower my Credit Card Account. I've had high Credit Card amounts before. And right now I don't. owe a penny on my Credit Card, I use my ATM Bank Card. Where when I buy something & use it my money is taken out of my checking account, right away.
scam bait
July 16, 2020
This is whack-a-mole. This scammer and hundreds of others running the same con pop up as soon as they are shut down. As of this week, I'm still getting robocalls for reducing my credit card interest rate.
July 16, 2020
Calls offering interest rate reductions are still received on a regular basis -at least 1 a day .. they impersonate credit card issuers and servicers .. and there is apparently no way to identify who is calling, where they are, or how to report them to get them shutdown
Consumer Guardian
July 17, 2020
I get lots of calls almost always from India claiming the same thing. They often say things like from Card Services, or Mastercard-Visa which is nonsense because they are to separate companies. They are trying to get your credit card number and information to go on a shopping spree or withdraw cash from your account.
July 17, 2020
These people hound me all the time. If you block one number they call you on another. Has been going on for years
John Skiba
July 26, 2020
I got a similar call about this. I got to speak to a representative and I told them, I don't have any credit or debit cards and they kept ragging on like they were reading a script. I hung up and I still receive calls about it. Now, the moment I heard about it I hang up.