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Provincial police are warning consumers not to blindly trust phone calls promising to negotiate lower interest rates on credit cards or loans.
The O-P-P anti-rackets branch says this type of scam is becoming more common as many Canadian experience tough economic times.
Last year, the Canadian Anti-Fraud Centre received 982 Canadian complaints of criminals offering lower interest rates.
Of those, 173 people were identified as victims who reported a loss of more than 133 thousand dollars.