You are here: Home - Uncategorized -

Freebies could obscure small print

0
Written by:
27/02/2008

Customers lured onto new broadband deals with free gifts should watch out for hidden charges, according to comparison site Moneysupermarket.

Research from the website revealed that 55% of new broadband customers ignore the small print in their contracts, frequently as a result of rushing into a deal because they are offered a free gift. Ignoring the small print makes consumers susceptible to hidden charges, the most common including late payment charges – which account for 36% of hidden charges – and fees for contract termination (34%), exceeding the fair usage limit (32%), moving home (27%) and helpline costs (25%).

Rob Barnes, head of broadband and mobiles at moneysupermarket.com, said: “With so many deals out there, it’s easy to be lured in by the free gifts and enter into a contract without thinking or reading about what it entails.

“If something looks too good to be true, it usually is. Some providers have other ways to make their money that they aren’t willing to be upfront about. It’s definitely a case of ‘buyer beware’ with broadband, so read the contract fully before you sign up.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
RBS draws in the bets

There has been a marked increase in the number of bets placed on Royal Bank of Scotland’s (RBS) share price...

Close