http://studenomics.com/investing/common-bank-tricks-to-watch-out-for/ Tue, 22 May 2012 12:21:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://studenomics.com/investing/common-bank-tricks-to-watch-out-for/#comment-23045 Adam@RabbitFunds Wed, 17 Feb 2010 02:16:36 +0000 http://studenomics.com/?p=3511#comment-23045 I have to be honest. I'm surprised that so many people refer to the marketing promotions that banks offer as bait-and-switch. All rate increases are always identified in the agreements. I have that usually, individuals are too lazy to actually read financial agreements that they are signing. Introductory rates and the like are simply promotions just like 30% off at Macy's on that jacket you've been wanting. Now, don't get me wrong. The sales person may be deceptive unfortunately and "neglect" to inform you of certain details. However, you are ultimately responsible for understanding the terms of the agreement. It's simply part of being a responsible adult. I have to be honest. I’m surprised that so many people refer to the marketing promotions that banks offer as bait-and-switch. All rate increases are always identified in the agreements. I have that usually, individuals are too lazy to actually read financial agreements that they are signing. Introductory rates and the like are simply promotions just like 30% off at Macy’s on that jacket you’ve been wanting. Now, don’t get me wrong. The sales person may be deceptive unfortunately and “neglect” to inform you of certain details. However, you are ultimately responsible for understanding the terms of the agreement. It’s simply part of being a responsible adult.

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