Released: August 31, 2017
35 % of Americans are enrolled in auto pay — and It’s news to them
Source: Nicole Spector, NBC News
Tempted to give that new streaming service or gym membership a trial run? Be sure to read the fine print.
According to a new survey by CreditCards.com, 35 percent of U.S. adults have set up an account with a service that provides subscriptions or memberships, and in doing so, enrolled in automatic payments without knowing it. The poll also found that 48 percent of respondents said they signed up for free trials that automatically renewed without their knowledge, while 42 percent of subscribers found it difficult to turn off recurring charges.
Read Full Article: 35 % of Americans are enrolled in auto pay — and It’s news to them