Experts Warn Of 'Gray Charges' When Paying Online - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

NEWS

Experts Warn Of 'Gray Charges' When Paying Online, Over The Phone

Posted: Updated:
Experts say what are called "Gray Charges" are costing American consumers an average of $350 a year. Experts say what are called "Gray Charges" are costing American consumers an average of $350 a year.
OKLAHOMA CITY -

If you purchase things on the internet or over the phone, you should probably pay closer attention to your monthly financial statements.

Experts say what are called "Gray Charges" are costing American consumers an average of $350 a year.

Gray Charges are found on cable TV bills, and all kinds of subscriptions.

"They're tricky, they're tricky the way that they do this, and you have to be paying attention," said Tracy Ann Miller of Red River Advisors. "It's brazen. There are companies that just keep charging people for stuff they don't want."

Gray Charges are fees that are legal, and companies charge consumers because those people either don't realize it, or they don't make a stink about it, because it can be as little as a few bucks here or there.

There are five Types.

  • Unknown Subscriptions or things you didn't realize you just bought.
  • Zombie Subscriptions. Things you thought you canceled, but they came back from the dead.
  • Auto-Renewals, you didn't realize are still active.
  • Free To Paid. Which means if you think you're getting something free, you're not.
  • Cost Creep. Your cable bill comes to mind.

Accounting Software salesman Jon Ritchey says especially careful of infomercials.

"Whenever you call, they'll offer you all kinds of stuff, where as if you're not careful, you will sign up for a bunch of their stuff," Ritchey said.

Special Features

Desktop Radar

Know when severe weather moves into Oklahoma! Download the I-News Desktop Radar.

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Mobile Alerts

Get breaking news, headlines, weather alerts & more on your cell phone.

Classifieds

Use our free classifieds to find the things you need or sell your items.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

ESP Interactive
Powered by WorldNow
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
TULSA'S OWN TM
GREEN COUNTRY'S OWN TM
Oklahoma's Own Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state including Tulsa's Own and Green Country's Own.
All content © Copyright 2000 - 2014, WorldNow and KOTV. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.