Negative Option Scams (as reported by Christopher Elliott on blog.mint.com)

Remember to always read the fine print. You’ve heard that before. It’s like buyer beware, and it reminds us to pay attention to all the details of a purchase when we make one. Scams, some legal and others not, abound. One such “scam” that companies use in hopes of making more money off of you than you agree to is the negative options scam. A common negative option scam is a subscription or contract that automatically renews unless you cancel by a certain date. It surprises many consumers and adds a cost that was not expected to someone who might otherwise be very careful financially. Consumer advocates remind you to be sure you know exactly what you’re getting with every purchase or offer you receive, lest you end up agreeing to something that might wind up hurting you down the road. For the full article, click here.

 

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