Verizon ramps up the greed

A place to discuss anything... except credit cards!
7 posts
MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Verizon ramps up the greed

Postby MemberSince99 » Mon Aug 12, 2013 6:28 am

Boy these guys are something else. When I started with Verizon, many years ago, they did NOT charge you a month in advance for service - you paid for the previous month. Then some bean counter there probably got a nice bonus by realizing they could charge us for service IN ADVANCE. So one month I get billed for 2 cycles. I called customer service who flat out denied up and down I was paying for 2 months for like 20 minutes, until apparently in the desire to get me off the call they admitted they were moving to pre-billing. (I should have seen that as a sign of things to come with them. It was quite something to repeat the argument then why is my bill double when nothing changed and watch them dance like a Cap One rep when you ask something that's not on the script).

Now they have ramped up the greed, this the same company who tried to charge us for paying our bill online instead of mailing them a check, to grab even more of our money.
Now not only do you pay in advance, BUT, they have started sending out the billing a couple of days earlier. I have seen the same thing with the other pre-billing company, Time Warner. I noticed they were sending the bills earlier and earlier. No doubt, some pointy headed bean counter figured how much extra loot the CEO could get in his bonus by them getting the sheeple to pay a couple of days early if enough sheeple obediently simply paid up whenever the bill arrived.

I am now expecting within 5 to 10 years to see them billing you 2 months out for your service. If you happpen to overpay and quit, well they'll be glad to refund you the difference in 6 months to a year, if they don't forget about it.....which would happen to leave you few cost effective resources to get your money back, but hey that's how they like it and how they roll. (After all you can't call the same bill collector vultures they do if you don't pay to go after them, that would just be terrible).

But always remember as they find new ways to shaft you that greed is virtue, which makes them better than God in my book. Since it seems we have a lot of folks who don't care for the practices of Verizon on here I figured I'd toss that one out there.


RewardHop
Centurion Member
Centurion Member
 
Posts: 307
Joined: Wed Jan 02, 2013 3:43 pm
Location: USA

Postby RewardHop » Mon Aug 12, 2013 11:00 am

Switch to autopay from a credit card and they won't charge your card until the day the bill is actually due?
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Mon Aug 12, 2013 12:12 pm

I don't believe in autopay and never use it for anything.

Why? Simple - if there is a mistake on your bill, your account could get overdrawn. In that case expect the company making the mistake to not care, and your bank to say it's your fault, and to slam you with fees.

When I make a payment, I want to control who gets what when. I want no one and I mean no one having carte blanche authority to take whatever they feel like out of my account and to just assume nothing bad will ever happen.

And as a side note, it's all too easy that way to get lulled into not bothering to see what they are charging you and not watch the cost. Not really a fault of the system per se, but of human nature.

Call me a control freak, but it's just how I roll.

And though you didn't mention it, yeah I know I don't have to pay them as soon as they send the bill - the due date didn't change, all that changed is some bean counter figured out the extra money they could make if X % paid early - it's free money to them. But I don't have to play the game, I'm just saying I know what the game is.

DoingHomework
Centurion Member
Centurion Member
 
Posts: 707
Joined: Tue Sep 22, 2009 1:15 pm
Location: Arizona

Postby DoingHomework » Tue Aug 13, 2013 4:22 pm

MemberSince99 wrote:I don't believe in autopay and never use it for anything.

That's a personal choice. I generally don't like it either. But it has its advantages. Ironically, Verizon is one of teh few companies that I actually do pay that way.

MemberSince99 wrote:Why? Simple - if there is a mistake on your bill, your account could get overdrawn. In that case expect the company making the mistake to not care, and your bank to say it's your fault, and to slam you with fees.

Not if you put it on a credit card and if you look at the bill in advance. Verizon sends me a text message (free) telling me how much is due and when it will be processed. The charges are not made until about 27 days after the text message. At any time I can log on to my Amex account and block that charge. There is no chance to over draw.

On the other hand, if you pay by check you give them the authority to take whatever they please out of your checking account, before or after they get the check, and to do it in the future if you owe them anything. Don't believe me? Read your contract. Don't like that? Get rid of your cell phone because all the carriers do that.

MemberSince99 wrote:When I make a payment, I want to control who gets what when. I want no one and I mean no one having carte blanche authority to take whatever they feel like out of my account and to just assume nothing bad will ever happen.

I have that control by paying on credit card. You don't if you pay by check.


MemberSince99 wrote:And as a side note, it's all too easy that way to get lulled into not bothering to see what they are charging you and not watch the cost. Not really a fault of the system per se, but of human nature.

Call me a control freak, but it's just how I roll.


Wait. If you are a control freak then you stay on top of these things. Set yourself up a minder system and you'll never need to worry about that.

MemberSince99 wrote:And though you didn't mention it, yeah I know I don't have to pay them as soon as they send the bill - the due date didn't change, all that changed is some bean counter figured out the extra money they could make if X % paid early - it's free money to them. But I don't have to play the game, I'm just saying I know what the game is.

Did you ever consider that perhaps by billing you earlier without changing the billing date they are just giving you more flexibility?

dickey1331
Centurion Member
Centurion Member
 
Posts: 229
Joined: Thu Mar 07, 2013 10:59 pm
Location: Houston, TX

Postby dickey1331 » Tue Aug 13, 2013 5:09 pm

You should switch over to the dark side with AT&T.
Platinum Delta Skymiles $12,900
Marriott Rewards Premier $12,000
Discover IT $12,000
USAA Cash Rewards $11,000
American Express Blue Cash Preferred $10,000
Chase Sapphire Preferred $6,500
Best Buy $6,000
Chase Freedom $4,500
Zales $4,000
Amazon Prime $4,000

RewardHop
Centurion Member
Centurion Member
 
Posts: 307
Joined: Wed Jan 02, 2013 3:43 pm
Location: USA

Postby RewardHop » Wed Aug 14, 2013 1:49 am

MemberSince99 wrote:I don't believe in autopay and never use it for anything.

Why? Simple - if there is a mistake on your bill, your account could get overdrawn. In that case expect the company making the mistake to not care, and your bank to say it's your fault, and to slam you with fees.

When I make a payment, I want to control who gets what when. I want no one and I mean no one having carte blanche authority to take whatever they feel like out of my account and to just assume nothing bad will ever happen.

And as a side note, it's all too easy that way to get lulled into not bothering to see what they are charging you and not watch the cost. Not really a fault of the system per se, but of human nature.

Call me a control freak, but it's just how I roll.

And though you didn't mention it, yeah I know I don't have to pay them as soon as they send the bill - the due date didn't change, all that changed is some bean counter figured out the extra money they could make if X % paid early - it's free money to them. But I don't have to play the game, I'm just saying I know what the game is.


Except almost every service I use that has autopay sends me an email telling me in advance of an autopayment occurring including the amount. So you have time to stop it. This is true for my AT&T Uverse, Gas/Electric bill, and some of my credit cards.
[size=60]

Amex BCE: 3% grocery, 2% gas

Bank of America Better Balance Rewards MC: $25/quarter bonus

Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities

Capital One Quicksilver Visa Signature: 1.5% everything

Chase Freedom Visa Signature: 5% rotating

Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com

Discover It: 5% rotating

SallieMae MC: 5% Groceries, Gas, Amazon

US Bank Cash+ Visa Signature: 5% electronic stores, restaurants

Sock Drawered: Chase Sapphire, Chase Amazon[/size]

User avatar
nismoZtuner
Centurion Member
Centurion Member
 
Posts: 1105
Joined: Thu Jun 27, 2013 12:39 pm
Location: EARTH -CA

Postby nismoZtuner » Wed Aug 14, 2013 3:40 pm

DoingHomework wrote: At any time I can log on to my Amex account and block that charge. There is no chance to over draw.


how does one do that?
TU 752 (+4) - [5/9/2014] CK 726 - [11/24/14] EX 725 - [11/20/14] EQ 710
BankofAmerica Cash Rewards [2k] I American Express Blue Cash Everyday [3K] l Discover IT[2.5]
American Express Premier Rewards Gold [NPSL] I Marriott Rewards Premier [5k]
Chase Sapphire Preferred[7.3]
Inquires: TU(?) EX(?) EQ(?)
TCL-$19,800
Age-22



Return to “The Lounge”

Who is online

Users browsing this forum: No registered users and 2 guests