PERSONAL FINANCE

Financial Well-Being of Individuals

#GCPF — Bank Card Disputes

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Ever have something bad happen with your bank card?

Whether debit or credit card, having a dispute with a vendor is a nightmare.

Call your card issuer(usually your bank), write a letter and enclose documentation, wait, more telephone calls, wait, and you still may not get your money refunded.

Should be much easier.

Why is it not?

Card issuers/banks and card processors(think Visa) are on the side of vendors, even criminal vendors.

Because vendors pay them a percentage of every sale as a processing fee.

Would not want to upset a vendor.

Most disputes arise from fraudulent charges(scams) and vendor mistakes and/or selling faulty goods and/or services.

Government Consumer Agency should do:

—  put all the burden on vendors where it belongs

—  if card holder denies any charge, card issuers reverses charge why holder is on the telephone or immediately through online banking

—  vendors’ responsible for getting card holder approval of charge

—  card holder does not have to approve any charge

—  no card issuer or vendor may “black ball” or deny use to any card holder or penalize card holder in any way for denying a charge

What you should do:

—  screen the vendors you use for the quality of their goods and/or services

—  protect your bank card information

—  hope you do not need to dispute a charge

 

No one but you and us care about your financial well being.

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

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#GCPF — Free Trial Offers

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Free offer are like weeds.

They spring up everywhere.

Except they are NEVER free.

Some offer guarantees.

The big lie:  “No Risk”.

If you sign up for a trial offer and you do not cancel, then you pay.

Or have to  pay to ship it back.

A big hassle and costly.

False advertising.

Government Consumer Agency should do:

—  strict truth in advertising laws and regulations

—  no fine print

—  meaning of advertising is how the consumer interprets it

—  strict enforcement with harsh penalties such as jail time for company president

What you should do:

—  if you have to give the seller your credit card number, it is not free and there is risk

—  watch out for trial offers included with a product or subscription

—  avoid  trial offers, most are just selling gimmicks for something you neither want or need

 

No one but you cares about your financial well being.

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

Written by solutions777

August 12, 2017 at 12:56 am

#GCPF — Government Consumer Protection Failure(s)

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Government does a very bad job of protecting consumers.

In fact, it does just the opposite.

It helps unscrupulous businesses fleece consumers.

As usual/normal, government does evil.

If a business sells a quality product and/or service at a reasonable price, it does not need to cheat consumers to be profitable.

This is an introduction to a series of articles on this issue.

Some articles will focus on an specific issue and be in three sections:

—  the corrupt business practice

—  what a government consumer protection agency should do

—  what you can do to protect yourself

Your financial  well being is your responsibility.

Government is usually corrupt and/or incompetent.

Just another example.

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

#Advertising Causes Higher Prices

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Businesses waste many billions of dollars on advertising each year.

Businesses do this by

—  over paying for advertising

—  using unproductive advertising

—  hiring unqualified advertising agencies

And business does not care.

Why?

All businesses in the same industry have the same marketing scheme.

All advertising costs are passed through to the consumer(YOU).

HIGHER PRICES!

There is little incentive for business to have efficient or effective advertising.

Ever watch those Super Bowl commercials?

Hope you enjoyed them; you paid for them.

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

Written by solutions777

July 20, 2017 at 7:02 pm

Third Party Payer Systems

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There are various third party payer systems active in the economy.

As the name indicates, these systems are composed of three parties:

—  party 1:  the user of the good or service

—  party 2:  the provider of the good or service

—  party 3:  the payer for the good or service

Party 3 pays party 2 for the good or services used.

Party 2 and party 3 agree/contract on the goods/services to be provided and the prices.

Party 3 charges party 1 for the goods or services, including profits and overhead.

Party 1 has to accept the agreement/contract or find another provider of the good or service.

Usually, this is another third party payer system.

Party 1 has no participation in the agreement/contract.

It is take it or leave it.

What does this mean?

Party 1

—  gets low quality goods/services

—  is over charged for the goods/services

—  some goods/services will not be available

—  are charged for unwanted goods/services

Party 1, the consumer gets cheated every time.

Normally, the consumer has choices.

Not with a third party payer system.

Third party payer systems are corrupt.

These systems allow parties 2 and 3 to cheat party 1.

Every single time.

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

Written by solutions777

July 1, 2017 at 5:58 am

Logitech M570 Trackball Warning

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This product is a computer trackball to be used instead of a mouse.

Overall this product is quite good.

It is also a best seller in its category.

But there is a big problem.

Logitech is using inferior micro-switches in the trackball.

These micro-switches wear out very quickly.

The click-buttons stop working correctly; clicks become double clicks or no clicks, holding down the buttons no longer works.

The trackball is now ready for the garbage.

Using high quality micro-switches would only cost a few pennies.

So, why does Logitech use cheap short-lasting micro-switches?

For repeat sales.

Built in replacement sales.

So, instead of charging you $.50 for the better micro-switches, they get you to buy a new trackball every few years for $30 or more.

Pretty good marketing plan.

Legal but definitely evil.

Once again, government did not protect the public.

There are better trackballs on the market for about the same price.

Suggest people buy them instead of Logitech products.

Final note:  the micro-switches can be replaced but it takes some time and effort including soddering.

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

Written by solutions777

May 2, 2017 at 12:36 am

Health Care Costs Gobbling Up Your Money

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Health care costs are sky-rocketing:  health insurance premiums, the co-pays and the deductibles.

Taking bigger and bigger chunks of your income.

More and more insured people now report difficulty affording health care.

Costs will continue to rise, and very likely faster than your own income.

In this situation, you are facing two possible outcomes:

—  pay your health care costs to stay healthy but spend less on things such as clothing, restaurants, entertainment, vacations, household goods, etc.

—  cut back on health care — skipping that needed test, doctor’s appointment or prescription medication — which results in poor health.

Which will be your choice?

There is another alternative.

Take responsibility for your finances.

But not for you.

You are too lazy, and too ignorant.

Too proud with a big ego to ask for help.

Sad.

Real Sad.

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

Written by solutions777

April 20, 2017 at 5:46 pm