Extended car warranties will from hereon be something linked to scams. That is perhaps how you can sum it all up when you talk about the celebrated Car Warranty Robo calls, one of the most aggressive telemarketing schemes that has annoyed motorists to date.
The car warranty ‘robo-calls’ warn consumers that their vehicle warranty is about to expire which is said to be one of the most aggressive telemarketing schemes ever known. This scam has been finally put to rest after the FTC lawsuits were served.
Federal regulators have filed lawsuits against all three companies seeking the return of illegal profits, believed to be in the tens of millions of dollars, from the extended warranty telemarketing scams. Identifying the companies as Voice Touch & Network Foundations (FTC File No. 0823263) and Transcontinental Warranty (FTC File No. 0923110) was no easy task since they took extraordinary measures to conceal their identities.
But the damage has been done and from hereon there may be no stopping car owners into fearfully classifying extended car warranties as scams. In short, this has severely punctured the actual use of extended car warranties. On whether these will be corrected and reversed will take time and for sure, a lot of legit companies are praying that it would erase this awful stigma.
(Source) Press
Tags: car owners, car warranty, consumers, extended car warranties, extended warranty, ftc, illegal profits, lawsuits, measures, motorists, network foundations, regulators, robo calls, stigma, telemarketing scams, telemarketing schemes, tens, vehicle warranty