How closely do you look at your credit card bill when it comes in? Do you take the time to go through each purchase to make sure it was actually a purchase you made and authorized? Chances are, if you’re like me, you might quickly glance at your bill, decide the amount seems to be about right, from what you can remember, and then proceed to make your payment. If that’s the case, you might be unknowingly paying for purchases, or recurring charges, you didn’t authorize.
According to a credit card monitoring company, hundreds of thousands of consumers have recurring credit card charges from a tangle of shady self-help websites that bill them monthly and typically shut down when complaints start pouring in.
There are more than 350 of these sites that count on consumers paying their credit card bills without carefully examining statements, allowing charges to recur month after month, said Yaron Samid, chief executive of BillGuard.com.
The scam typically works this way: Someone goes to one of these sites and signs up for a “free trial” offer of a diet product, anti-aging cream or self-help program. What they don’t realize is they are signing up for a so-called negative option – a tactic that puts the burden on the consumer to cancel the order. If not, they start ringing up monthly charges ranging anywhere from $49 to $99.
Here is a list of sites provided by BillGuard that are associated with the charges:
If you’ve used or purchased anything from any of these sites double check your credit card statement when it come in, or go immediately online to check your statement.
See the full article HERE.