FTC sends second payment to people who paid to lower their credit card interest rates
The FTC is sending a second round of payments to people who paid money to a debt relief scheme that used several names including YF Solution and GDP Network.
The FTC and the Florida Office of the Attorney General sued YF Solution and its owners, alleging the defendants pretended to be connected with credit card companies, made false claims about reducing credit card interest rates for customers, and charged customers as much as $3,995 in upfront fees for debt relief services. Customers who paid the defendants didn’t get lower interest rates. In fact, customers often ended up with more debt than when they started.
The FTC first sent payments in May 2023, which resulted in more than $457,000 in refunds. Because there is still money in the fund, the FTC is sending a second round of payments totaling over $88,000 to 500 people who accepted their first payment.
If you get a check, please cash it within 90 days.
You can find answers to common questions about FTC refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-844-633-0708.