Online subscriptions could be costing you money and you don’t even know it.
A survey found that 42% of consumers forgot they are still paying for a subscription they no longer use. Many of those happen after you get enticed by a free trial for an online streaming service or a monthly subscription service for clothes or personal items, and then you forget to cancel it after that trial is over. If you have to put a credit or bank card in to get the free trial, know that once that trial is over, you will start getting charged if you don’t cancel.
If you agree to a contract for a certain period, most subscription services have an automatic renewal.
“It’s always a good idea to you know check your bank statements or credit card statements to make sure you aren’t getting charged for subscriptions that you don’t want anymore that you don’t use anymore because then you’re just throwing money away,” Meredith Radford with the BBB of Eastern North Carolina said.
You also need to be aware that scammers often impersonate online subscriptions, like Netflix or Spotify, and send you emails or texts claiming your password is compromised and ask you to click on a link to verify your account. Never do that. Always go directly to the company’s website and log in to your account to see if you need to take action.
Here are more tips from the BBB when it comes to online subscriptions:
Do plenty of research. Take time to research a company before you sign up for a subscription or trial. Do an online…
