How Much Do You Pay A Year In Sneaky Fees?
Date : 01 16 2008 Category : Business
Techdirt
For years, we've discussed how silly it is when some firms like telcos and cable companies try to hide extra charges in unnecessary fees, often pretending that those fees are required by the government (they rarely are). Usually, it's just a scam so that companies can claim a lower price in advertisements or hide rate increases. But have you ever looked at just how much those fees really cost you? According to a recent report, the average is just under $1,000/year, which is pretty impressive when you think about it. Add it all up, and companies are making about $45 billion in hidden fees each year. And, as Broadband Reports notes in the link above, we've yet to see any government step forward and note that most of these fees seem to be false advertising when they're really used to charge you more than an advertised rate.
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