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A CEO I worked with a while back just cancelled her CC every few months. Then she'd resubscribe to things she was still using. She said she didn't have time to
by tppiotrowski 4y ago
A CEO I worked with a while back just cancelled her CC every few months. Then she'd resubscribe to things she was still using. She said she didn't have time to cancel all those subscriptions individually. I thought it was poor form since a lot of services bill at the end of the month and would never get that last months due.
- lozenge 4y agoThat's definitely CEO behaviour, legally she is still on the hook for that expense and it can go on her credit rating. Don't try this at home!
- lh7777 4y agoIs this a common risk? Most subscriptions I can think of are prepaid —- they charge you when service starts. If your card expires or is cancelled, they shut down your account once the paid subscription runs out. A notable exception is US cell phone plans. I think most people still have postpaid plans and of course the carrier will send you to collections if you don’t pay. That’s why you have to agree to a credit check, though. I’ve never been subject to a credit check to sign up for a software or streaming service.
- slotrans 4y agoIf by "cancel" we mean have the CC issue a new card with a new number but the same account, this doesn't always work anymore. The issuer may supply the new number to merchants who perform recurring charges.