Consumer Manipulation

Doing business with some companies might be fraught with dangers. They want your money... continuously but without any responsibility to help if there is a problem.

Reading company billing right can be scarey. One I read was saying if you think their is an error with your meter they will read it for you and if it is found to be accurate the tenant will be charged 250 dollars for all their trouble. And of course if you don't agree you have to deal with arbitration.

Nursing homes, lenders, jobs and even landlords are now putting into contracts that they want binding arbitration instead of regular court. It is a legally binding This might mean you have to foot the bill for the arbitrator and the venue. It also means you do not have your day in court. The contract may state that the arbitrator is picked by the one who formed the contract. They are supposed to be an a neutral third party entity but might be influenced by the fact of continuous business might be had with the right decision. In other words, you don't bite the hand that feeds you. The smaller entity is not on a equal playing field as the larger entity. You are being manipulated out of your right to complain in front of a judge.

In some instances the contract might preclude you from suing them in court and have to use a arbitrator but they can sue you if they want.

Banks have gotten into the pay day lending by attaching transaction fees when they honor ATM, Debit or checks if there is not enough in the bank to cover it. This basically is a high interest loan in disguise. The amount can become prohibitive. Some banks even enrolled their customers automatically which allowed customers to spend beyond their means. The amount of overdraft fees could be more than what originally was bought and each day a fee was attached sort of like a lone shark would do.

There are other types of financial institutions that will also give you a small pay day loan and attach large interest rates to it. They don"t check your credit or anything because they have more lucrative ways to get money from you. They will get a post dated check and maybe your car title, no partial payments and no court of course. Arbitration if you think there is a problem.