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5 Strategies Companies Use to Take More of Your Money

Updated on February 14, 2019
5 strategies companies use to take more money
5 strategies companies use to take more money | Source

As a consumer trying to find a fair deal, I have been able to identify some really shady practices that a lot of companies use to take more of your money and especially in this new era of communication where the market moves faster than the authorities and a lot of practices aren't regulated yet. This gives space to fraud and some practices that companies and individuals apply to make more money off you, here you will find 5 ways shady companies use to take that hard earned money from your pocket.

1. Towing Companies

This is a sector with a very bad name and it's well deserved, towing companies have different ways to manipulate you taking advantage of the lack of knowledge of the people.

They are several regulations about when a towing company can or can not take your car (this may vary depending on your state) if your car it's in a private property only the manager can call the towing company to move your car the use of spotters it's illegal in some states, but this doesn't stop them from place some people in busy business areas to take your car as soon as you get out of the vehicle.

Another thing they do it's that they can't take your vehicle if you get there and claim the car before the finished loading the vehicle (this may vary in different states)

2. The banking fees

The banking industry it one of the easy ways to make some people rich. the worst part of it is that hit the people with less money rather than a rich person. Banks add hidden fees everywhere form balance transfer to monthly maintenance to even delay some payments to make you believe there it's more money in your checking account that actually is, so you will fall in overdraft with fees that up to $35 per charge!

3. Airbnb extra cleaning fee

We now like to find the best deal and some of the prices of websites like Airbnb are unbelieve or there isn't? a lot of veteran hosts have found a way to make their properties looks more appealing to the users by make it more cheaper the competence and then loaned it with extra charges at check out like that nefast cleaning fee. To avoid this be careful to do your own calculations in each property before selecting the cheaper one.

4. The Pyramid Scheme has Involved

Now day some scams have found the way to legality and teak the business to make it blend with other legit gigs. Some companies have created a way to convince you that you are a business owner when you actually are the customer.

They will try to recruit you and show you how much money they are making when they actually make money for your recruitment, making you some time purchase a grand amount of the product to then realize the product it's useless.

5. The internet fee

Yes, you weren't expecting that. The internet proving services has gotten very competitive lately this has forced the providers to find other ways to charge you more even if it's mean hidden fees extra taxes of just a modem fee one they can charge you up to $20 for leasing their modem the best way to avoid this is to purchase your own router but be careful it has to be approved by your internet provider.


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