Let’s face it, the best things in life are free. So trying out a new gadget or vitamin before buying is a no-brainer, right?
A free trial can come in handy when you’re trying out a service or using a product that isn’t well known. While these trials can benefit consumers, there are some downfalls that some may not be aware of.
You may be thinking to yourself, what do I have to lose? If you’re not careful, a free trial could end up hurting your bank account.
Instead of being a trial subscriber, some companies will attempt to turn you into a long-term customer. Others will use the trial as a way to sign you up for additional products. Companies will attempt to hide the these types of terms in the fine print. Making matters worse, they’ll be allowed to bill you every month until you notify them to cancel.
Some consumers may not even notice the charges until they check their debit or credit card statements.
Avoiding these bad deals can be easy if you these tips in mind:
Look into the business. Go to bbb.org and check to see if there any customer reviews or complaints relating to their free trial service. You can also search the web to find out if other consumers have posted about the company’s trial practices.
Check to see if a box is pre-checked. Be sure to check the whole page for any box this is pre-checked. A checked box could allow businesses to charge you after your trial expires or sign you up for additional products.
Keep an eye on your calendar. Free trials usually come with an expiration date. If you fail to cancel before that date, you may end up paying for the actual subscriptions.
Watch your bank statements. Periodically look into your credit or debit statements to ensure no extra cash is being taken out.