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I don't buy it. What you say may be true if some small percentage of customers do it, however if this advice would start to become common knowledge, the amounts
by xg15 4y ago
I don't buy it. What you say may be true if some small percentage of customers do it, however if this advice would start to become common knowledge, the amounts on the table change and so probably does the willingness to go after the customers.
Also, this sounds like a great opportunity for privacy.com to have a lucrative side business of bulk-selling the real customer data to collections agencies - or maybe just open up a collections agency themselves. How much do you trust them?
- coldtea 4y ago>What you say may be true if some small percentage of customers do it, however if this advice would start to become common knowledge, the amounts on the table change and so probably does the willingness to go after the customers. So? As long as this doesn't happen, it's still practical. Might as well say "this would stop working if credit services cease following a societal collapse". Sure, but it's not an actual issue for the foreseeable future.
- UIUC_06 4y agoThe second paragraph is silly. Their business would collapse in a heartbeat. If a large percentage of customers did this, then there would be pressure on legislators to crack down on it, but the compromise to emerge would be that online services ALSO have to make it as easy to cancel as it was to join.
- ThunderSizzle 4y agoOr if it's a pre-paid system, a payment failure implies automatic non-renewal until further actual is taken.
- UIUC_06 4y agoExactly. Many options would be fair to consumers AND to merchants. Except the sleazy merchants.