Hidden Fees Informative - Hidden fees really add up

Review by GothicSmurf on 2008-01-15
Yes, I read a lot. Here is an article talking about those pesky hidden fees on the top "ten" services from phone to cable to banks.

Average taken $946 a YEAR in hidden fees.

Read more:

Comments:7 Replies - Latest reply on 2008-01-15
Posted by Principissa on 2008-01-15:
Great information! Finally I know where all that is going. Thanks for posting Gothic!
Posted by MRM on 2008-01-15:
Why do these companies charge hidden fees? Isn't this deception to consumers?
Posted by GothicSmurf on 2008-01-15:
I agree with you MRM.
Posted by S. on 2008-01-15:
A humorous, fun read article. But I think the subtitle says it all: 'Consumers oblivious to the small print pay the price'

One item picked on pretty hard was the stock market's handling of investments. Had the U.S. government allowed me to invest all the social security taxes they've taken from me through the years, my retirement account(s) would be in much better shape.

During his attack on 'surcharges,' I hope he uncovered the fact that the majority of these are paid to the government, not kept by the 'collector.'

Thanks for the posting, GothicSmurf.
Posted by tnchuck100 on 2008-01-15:
Ponie, I must disagree with this statement:
"During his attack on 'surcharges,' I hope he uncovered the fact that the majority of these are paid to the government, not kept by the 'collector.'"

If the 'collector' is paying it to the government the 'collector' will absolutely call it a tax. That way the 'collector' can blame the government. The 'surcharges' will be kept by the 'collector'. These are always charges the 'collector' cannot justify by any other means except by 'small print' clauses. Yes, the 'collector' does keep the surcharges.

Good post, Gothic.
Posted by MRM on 2008-01-15:
One service that I don't have that is best known for hidden fees is contract-based cell phones. I do use a pre-paid cell phone for emergency use only and also I don't talk that much anyway.
Posted by MRM on 2008-01-15:
One advantage of pre-paid cell phones is that they don't have early termination fees.

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