Stretch Your Dollar: What happens when you don’t read the fine print

(WTNH)– A lot of us have done it at one time or another, I’m talking about signing the terms of an agreement without reading the fine print.

We are stretching your dollar with a look at how you’re signing your rights away when you don’t read the fine print.

There’s a lot of fine print in our lives. Think about it. Whenever you open an app, bank account or even log onto a website, there are several pages of sometimes hard to understand legal jargon.

But when you blindly accept those terms, you could be giving up your day in court. Forced arbitration is common in contracts which means customers often can’t sue a company in court.

You could be giving up your privacy. Sometimes just by using or logging on to a website means you agree to a company’s terms and conditions. Many times that means your habits on the site and your data can be used or resold.

If you don’t read the fine print when opening or changing a bank account, you may not know how much you really owe.

Last year, the country’s biggest banks brought in more than $6.4 billion. Just for ATM and overdraft fees. It can be hard to avoid such charges because they aren’t easy to find.

So the next time, spend some time reading that fine print. It may affect what you do and even save you some money in the future.

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