When you apply for any kind of loan, mortgage or service, one thing that you get concerned about is the high fees charged by the banks, financial organisations or service providers. It is very important that you update yourself with the ways to tackle these high fees so that you won't be in a financial crunch.
Ways to tackle high fees
Here are some of the ways which will help you tackle the high fees:
1. Negotiate with banks to waive off fees: You should update yourself about the different types of fees charged by the banks. You should check the disclosure document carefully in order to find out what fees the lender will be charging you. If you find anything illegitimate, then you should clarify it and then negotiate with the bank to waive it off.
2. Compare 401 (k) fees: If you are making 401 (k) contributions, then make sure you compare the fees attached with it. Make sure to find out how the fees will affect your bottom line. Apart from this, you should also make sure that you check your employer's annual as well as quarterly reports on the sponsored 401(k). It should also be noted here that the employers are liable to provide an annual report for 401(k) items like administrative fees, historic performance, investment available and investment fees, etc. Also, you should remember that plans with matching contributions help avoid high fees.
3. Check your Internet or phone bill charges: In order to avoid cramming, you should request your service provider to block third party charges. If you find any suspicious charges, ask them to remove it ASAP. You should update yourself about phone charges. For this you can check out the guide called "Understanding your telephone bill". Test your broadband speed in order to be sure that you are getting what you are paying.
4. Consider setting alerts to monitor your plan limits: It is difficult to estimate service use. So, it will be better if you could set alerts in your phone. According to the recent FCC rules, wireless carriers are bound to provide limit alerts to the consumers. If you wish to avoid roaming and data charges, you should stay in the network of your carrier or turn off data connection.
5. Be careful about service contracts: You should be careful about upgrade or early termination fees. They may be mentioned in your service contract. You can write or call in order to complain if the employees did not notify you about increased bill charges upon upgrade or cancelling of a contract.
Hope the above mentioned tips will help you tackle the high fess easily!