"Socialism failed because it couldn't tell the economic truth; capitalism may fail because it couldn't tell the ecological truth." - Lester Brown
logo

Go Back   Saving Advice > Financial Chit Chat > Personal Finance News, Articles & Blog Posts

Personal Finance News, Articles & Blog Posts Come across personal finance news, articles or blog posts that you really liked and want to share? Place them here.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 03-29-2005, 04:06 PM
jeffrey's Avatar
jeffrey jeffrey is offline
Administrator
 
Join Date: Apr 2004
Posts: 4,948
Last Blog Entry: Forum Posting Issues - Access Denied
Points: 379810.80
Donate
Default Blockbuster No Late Fees Campaign Busted

As Saving Advice reported at the end of last year, Blockbuster ended late fees - with a catch. That catch being that if people didn't return their rentals in a timely manner, they had to actually buy the rental. That catch has now come back to haunt Blockbuster as it has agreed to pay some $630,000 to settle claims by 47 states and the District of Columbia that their "No Late Fees" campaign deceived consumers.

Under the No Late Fees campaign, the movie was automatically sold to any member who did not bring the rented movie back within on week after the rental was due. This came as a surprise to many consumers and many considered the $1.25 restocking fee if they tried to return the rental as a defacto late fee.




The settlement requires Blockbuster to refund money to consumers who claim the campaign misled them into believing they could keep their rented videos or DVDs for as long as they wanted without any fees being incurred. For those that make this claim, Blockbuster will give a refund or credit to both consumers who paid the restocking fee or the full price of the video or DVD they rented.

While it will help those who incurred fees to this point, Blockbuster is not going to end the campaign. Instead, they will make alterations to the way it's advertised by adding signs and other information in its stores to better explain the details of the program.

While you may have avoided the restocking fees and forced purchases until now, it's unlikely you'll get a break from these in the future. The best piece of advice is to make sure you get the rentals in before their due date.
Reply With Quote
  #2 (permalink)  
Old 03-30-2005, 05:58 AM
PrincessPerky PrincessPerky is offline
$ Saving Assistant Professor
 
Join Date: Nov 2004
Location: Charlotte NC, USA
Posts: 4,790
Last Blog Entry: Bought a sleeping bag
Points: 65474.31
Donate
Default Re: Blockbuster No Late Fees Campaign Busted

Thats America for you, if the print is to fine, you don't have to follow it. Somehow the assumption that Blockbuster was trying to make money didn' enter in there minds?
Reply With Quote
  #3 (permalink)  
Old 03-30-2005, 09:45 AM
terry1156 terry1156 is offline
$ Saving College Junior
 
Join Date: Apr 2004
Posts: 1,110
Points: 26771.50
Donate
Default Re: Blockbuster No Late Fees Campaign Busted

While I agree that we all have the responsibility to read the fine print and know what is there, I also think that BlockBuster false advertised it's program. The call it "No Late Fees" but there certainly are fees involved if you don't bring the video back in time. It makes it wose because netFlix and others that many know about really do have a no fee structure.
Reply With Quote
  #4 (permalink)  
Old 04-04-2005, 02:18 PM
PRICEPLUS's Avatar
PRICEPLUS PRICEPLUS is offline
$ Saving College Senior
 
Join Date: Nov 2004
Location: New York State of Mind
Posts: 1,887
Last Blog Entry: Low Inflation? Really?
Points: 201266.98
Donate
Default Re: Blockbuster No Late Fees Campaign Busted

You just knew there had to be a catch! If it sounds too good to be true it probably is not true!
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Fur Free Campaign Materials Kimmie628 Other Freebies 1 02-13-2007 12:58 PM
How to Avoid Credit Card Late Fees asdf221 Personal Finance 9 12-05-2006 01:18 PM
Australian Police Charged $50K In Credit Card Late Fees jeffrey Personal Finance News, Articles & Blog Posts 0 01-14-2005 07:41 PM
Blockbuster To End Late Fees - With A Catch jeffrey Personal Finance News, Articles & Blog Posts 1 12-24-2004 11:41 PM
Credit Card Late Fees Soar jeffrey Personal Finance News, Articles & Blog Posts 1 05-28-2004 05:57 AM



Powered by vBulletin®
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.

Copyright © 2012 SavingAdvice.com. All Rights Reserved.