Two years ago, we told you about the not-at-all a discount retailer called USA Discounters that targeted active-duty servicemembers, and not only trapped a number of them in high-cost installment payment plans but then sued customers who fell behind, knowing it was highly unlikely the customer would ever be able to defend themselves. Since then, the company has changed its name, only to go bankrupt, but that hasn’t stopped prosecutors from coming after it. Today, the defunct retailer reached a multi-state settlement deal that could result in USA Discounters customers receiving millions of dollars in forgiven debt. [More]
Now that all four of the major wireless carriers are firmly on the installment plan bandwagon, AT&T is trying to set itself apart by simplifying its phone financing options.
If you’re a Verizon customer planning to upgrade your phone, don’t be surprised when you’re charged an extra fee: as of Monday, April 4, the carrier will charge customers $20 to activate upgraded devices, even if they don’t buy the device from Verizon. Customers who get their phones elsewhere simply get the fee added to their next bill after the upgrade. [More]
If you’ve decided that it’s time to upgrade your mobile device, and you’re an AT&T customer, AT&T really, really wants you to consider using their installment plan. Not only is there no upgrade fee for current customers who use the company’s Next installment plans, but AT&T is offering customers an extra fifty bucks if they finance a new iPhone, but don’t order it through AT&T. [More]
While many Americans look forward to tax season and the promise of a rewarding tax return, there are plenty of those who dread it, as they’ll have to fork over cash to settle up with the Internal Revenue Service. But for those who find they can’t afford to pay what they owe — whether in back taxes or due to other circumstances — the Federal Trade Commission is warning tax payers to avoid companies offering tax relief help. [More]
Disneyland mistakenly extended a special annual pass program to ineligible customers last December, but only realized it recently. At the time of the sale, residents of certain Southern California zip codes could buy an annual ticket on a 12-month installment plan, free from any interest rates or other fees. When they discovered that some customers weren’t in valid zip codes, they ended the payment agreement with them—but they’re letting them keep the annual passes.