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.

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s