Do you ever feel like life is a rip-off? There are some things that we all just accept as part of everyday life that we really shouldn’t. Here are 10 everyday rip-offs that are considered normal business.
Companies That Change Terms of Service and Force You to Accept
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Companies have the right to change their terms of service. The problem for customers is that there is nothing they can do about this, yet it has a huge impact on the way their product or service functions. It’s unfair and makes it much more complicated.
Millionaire Education Being Sold on the Internet
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How many times have you seen programs on the internet that will make you a millionaire. If you understand these you know that the people who create the programs are the ones who are millionaires becaues they sell the idea that everyone can quickly become a millionaire. This isn’t the case.
Convenience Fees
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Buying event tickets, paying bills online, or transferring money to other accounts almost always involves convenience fees. These fees add charges but don’t reflect any additional services provided. It’s just a frustrating way to spend your money.
Apartment Complexes That Refuse To Give Back Deposits
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It should be simple for renters to get their money back when all conditions have been met. However, it’s not really like this, and many renters struggle to face legal battles to get their money back. It’s unfair and should be illegal, but it happens all the time.
Insurance Denials for Medical Necessity
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If you have insurance, you should not have to fight so hard to get the attention you need from medical professionals. Health insurance companies often deny claims for a variety of reasons, leaving patients with a battle to fight or an option to pay out of pocket for something that is too expensive.
Big Companies with 50-70-Day Payment Terms
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Payment terms from large corporations are usually quite long. This means that small businesses often wait 60 to 90 days to get paid, making it hard for them to manage cash flow. It can often seem like the bigger the company is, the more flexible its payment terms are.
Payday Loans
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These short-term, high-interest loans target financially vulnerable individuals. The problem with payday loans is that they lead to cycles of debt that are difficult to escape due to exorbitant fees and interest rates. Learn to manage finances just a little better so that you have the cash to cover everything until your check clears.
Automatic Subscription Renewals
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Companies often enroll you in auto-renewal for subscriptions, making it easy to forget to cancel and difficult to opt-out. Sometimes, these automatic renewals actually cost you more money, yet you are automatically signed up.
Extended Warranties
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An extended warranty often comes with quite a bit of fine print. This fine print means that you end up paying a lot of money, but sometimes, there is no way for you to actually get the warranty to work. Be careful with extended warranties; many of them are not for the end user but more for the company.
Hidden Fees in Banking Services
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Banks often charge hidden fees for basic services like checking accounts and overdrafts. You should check all statements to see what hidden fees you are paying, and many of these can be avoided if you take a little time to change banks or open different accounts.
