"the Fine Print: Reading And Understanding Travel Insurance Policies In Australia"

 "the Fine Print: Reading And Understanding Travel Insurance Policies In Australia" - Have you ever tried using a coupon in a store to claim that your item is no good? It's not a good feeling. This is exactly what you feel when you sign a contract to buy a car or a house. Then you realize that there are fees and conditions hidden in the fine print for things like paying off the loan early. It's really annoying - the company is counting on you not reading the fine print in the contract, and using those terms to rip you off.

The fine print, also known as the mouse print, is the small type found at the bottom of the contract. The larger, more legible print is where the basic terms of the deal are placed, such as "20% off select beauty products" or "Rent is $1,300.o0/month." The fine print is to describe the actual agreement in detail such as, "Not valid on Cover Girl products" or "Heat, gas and electricity not included." The fine print is worth paying attention to because it's where the contract hides expensive fees and terms, but only 1 in 1,000 people bother to read it.

"the Fine Print: Reading And Understanding Travel Insurance Policies In Australia"

Avoiding reading the fine print can lead to costly mistakes. You may not be aware of the hidden things in your mortgage loan about fees and taxes, your insurance coverage, your rental damage agreement, or your rental agreement. credit card about your APR. Caroline Mayer of Forbes Magazine wrote a great article about her interview with David Cay Johnston, author of The Fine Print: How Big Business Uses "Plain English" and Other Tricks to Rob the Blind About manipulation tactics used to get rid of you – and how bad it gets.

Credit Cards: Reading The Fine Print

Created by Michael Asare, a fine print detective, to help you avoid being scammed by hidden fees. The app is currently available from the Apple Store (download is free, premium version with additional features is $8.99/month). And don't worry, Android users, we're here for you too - sign up to receive updates on this launch, coming soon!

Simply download or scan the document you are considering signing and find hidden terms and fees, based on keyword searches, in the fine print of contracts and agreements. The app saves a copy of the contract for you, allowing you to renegotiate, search for competing offers with better terms, and avoid costly mistakes. Imagine ordering a $5 burger, and when the bill comes it shows that it costs $10. You're a bit confused, until the waiter shows you the menu again, pointing out that the $5 burger price has an asterisk (*) next to it. But you still don't see an asterisk. You also don't see the explanation for the asterisk in the fine print at the bottom. The waiter admitted that the asterisk and description were not real

If you printed them out, you'd see that the price is just the burger, and the bun and toppings are an extra $5.

This was the experience of one of my clients recently who was told the interest rate on the loan…

Reading The Fine Print: Why Collect Prints?

I won't say the actual lender, although I will say it's a reputable company you know. The company offered "One-year financing of $ 500,000" at a rate of "5.5%. Repayment will be in auto-debit every day equal to 1 year, "...for an "The total amount is $527,500". Or even better, "Although these are secured loans, no personal insurance is required."

But if you do an amortization schedule - which accounts for the bulk of the daily payments - you'll see that the actual APR quoted is more than 10%. Not the exact interest, but certainly not the 5.5% interest rate (which would compare favorably with the current LOC rate).

In addition, for private business owners, the "loan" is synonymous with the owner providing "personal reasons" ... but many borrowers may not be aware of the that the word "recourse" means "if the company does it. If it doesn't pay, the owner of the company is on the hook."

Lenders were careful that the 5.5% would be the "fee" for the loan, not the "interest rate"... So the proposal is neither wrong nor illegal. But it sure is misleading.

Woman Reads Fine Print, Wins $10,000 In Insurance Company Contest

Far from the only example of a lender making a misleading offer… I recently ran into a “daily repayment” case, where the actual APR turned out to be 67%! And we all get regular credit card "teaser rate" offers in the mail. (“Teaser” indeed!)

Lenders are of course not the only ones who use clever words to attract, while technically staying on the "not lying" side of the truth. In fact, some say that word of mouth is just good marketing...

Most people already take marketing slogans like this with a grain of salt* (*which I think would make them "high sodium"). (although a class action lawsuit filed last year alleges misleading protein content listed in “Snickers Protein Bar”… I didn't even know there was a Snickers Protein Bar, did I?! )

Well, the obvious case is when there is a deliberately false claim. You can't sell a "gluten-free pizza" that you made with your regular gluten-y dough. And you can't put "JD Yale Law School" on your resume unless you actually earned a JD from Yale Law School. There are no missing asterisks. These are false claims.

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And the strong case on the other hand is when it is clear that it is subjective. If I call my pizza with gluten-free dough "the best gluten-free pizza in LA" - what Target says (the gluten-free pizza) may be true, but what it says is "the _____ best of". LA" is of course. I'm not saying how it's "the best _____ in LA". In fact, this blog post you're reading is THE BEST BLOG POST IN LA* (* among blog posts). written in July 2019 with "Reading the Fine Print" in the title…)

But what about where the lines are blurry? What if I put "Yale Law School" on my resume because I took a class there? It's true that I dropped out with a “JD”… but of course I want people to make the false impression that I got my JD from Yale, even though I didn't say so. Or, what if I call my restaurant "Gluten Free Pizza" despite it

Although we will talk more about truth vs. I'll lie in a future post, the negative impact of blurring the truth on marketing depends on the degree and effect of the blurring...

If I have diabetes, and a company sells “Low Sugar Iced Tea*”, I shouldn't take their word for it… I should look for the *actual sugar content on the side of the bottle (and the # of drinks in the bottle… Clever marketing includes claiming that a 12oz drink contains 2 scoops to cut the calorie/sugar count in half…) Similar to allergies, or other medical conditions, where cheating can cause serious complications. Or financial services, where signing without understanding all the terms can be a costly mistake.

Reading The Fine Print: Protecting Your Organization From Vendor Cyberattacks

“Substitution” refers to the difficulty (and/or cost) of moving from one situation or product to another… If the movie “The Feel-Good” is *really* boring Movie of the Summer*", will only cost you a few dollars. a few hours. But if you sign a year's lease for a "luxury house" without first seeing the not-so-luxurious sanitary unit… well, you're in for a year of misery, and maybe dysentery.

If you are told about a new drug that can lower your cholesterol, it would be wise to give it more if your primary care doctor told you to, not "Movie Actors - Not Real Doctors." TV commercials. And you're more likely to trust the terms of a loan through an email exchange with your personal bank than if you received a similar loan offer. by mail in a "You've been pre-approved!" envelope...

Since we are surrounded by commerce, it is obvious that we cannot spend our time reading languages. But for those situations where the price may be high (whether in terms of health, time, money, reputation, etc.), and especially if the offer comes from an unverified source, take a few minutes to ask a few questions. , and look carefully… check for missing asterisks, missing prints.

And the next time you order a $5 burger, ask the waiter out loud if the bun and lettuce are included… no one will ever give you a weird look. But if they do, just tell them you followed a tip you read in LA'S BEST BLOG POST!*Great series! After reading and absolutely LOVING the second book in this series (one of my all-time favorites

How Reading The Fine Print And Terms Of Service Can Save Money

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