Contact Us
Make My Homepage

Check Your Credit Card Statement Lately? [AUDIO]

The Assembly Consumer Affairs Committee advanced two measures Monday aimed at protecting New Jersey consumers from deceptive charges. Discussion of the bills displayed a few ways consumers could be paying more each month without knowing.

credit cards
Flickr User 401K

Bill A-1227 would make it illegal to mail unsolicited checks that once cashed would enroll the consumer into costly programs that periodically charge one’s credit card.

Assemblyman Paul Moriarty, the primary sponsor of the measure, explained, “Consumers take these checks to the bank. They actually get five, ten, 15 dollars; they get the money, but it’s going to end up costing them hundreds of dollars in charges on their credit card.”

Small print on the checks indicates the endorser would then be added to a program like a travel club or credit card protection club, but Moriarty’s bill would stop the practice altogether.

Moriarty said the companies sending the checks pay the credit card companies for mailing addresses.

“These so-called free money offers are at their best deceptive and, at their worst, downright dishonest,” Moriarty said.

Another bill that passed Monday, A-1585, would prevent consumers from getting roped into endless service contracts.

In an era of paperless billing and automatic charges, more and more consumers have been charged automatically for services they no longer want or use. Assemblyman Dan Benson’s measure would establish notification standards for service contracts whose automatic renewals kick in after a year or later.

“I think there’s a lot of companies out there that are doing the right thing, but we want to make sure there’s a basic level of standard of notification,” said Benson. “Before (consumers’) credit card or other automatic billing occurs, they would get a written or electronic notification saying ‘this is coming up, this is how you can reach us to cancel the contract.’”

Benson said the bill offers another level of protection for New Jersey consumers.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

 

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a member? Sign up here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.