Consumer Tips

In today's marketplace, it takes a savvy, informed consumer to avoid common pitfalls and threats. Financial decisions in particular require assessing a blizzard of advertisements and navigating pages of jargon-laden fine print to make decisions about credit cards, bank accounts, loans, health insurance, and cell phone contracts, among other things.

It’s more important than ever to protect yourself:

• Consumers who finance their cars through a dealership pay more than $25.8 billion in additional hidden interest over the lives of their loans.
• In 2010, more than 8 million households were victims of identity theft, a 33 percent rise since 2005.
• One out of 20 consumers has errors on their credit report significant enough to lead to higher rates on loans.
• Banks made around $30 billion in overdraft fees in 2011. Adding insult to injury, these fees were pitched as “overdraft protection,” which most consumers would be better off without.

That's why the OSPIRG Foundation has compiled recommendations and resources for consumers. Our tip sheets address some of the most common complaints received by the Federal Trade Commission—read on, and protect yourself from becoming a statistic.

• How to get the best deal on health insurance
• Choosing a bank
• Protecting yourself from identity theft
• Picking a cell phone plan
• Resources for Oregon tenants
• Avoiding mistakes when buying a car
• Dealing with credit cards
• Avoiding problems when paying taxes
• Avoiding dangerous toys

 
Note that these tips are not intended as, nor should they be construed as, legal advice. If you need legal advice dealing with a consumer problem, consult an attorney.