Financial Planning 5 Things I Wish I’d Known Before Becoming a Consumer Advocate Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Mint.com Published May 30, 2013 3 min read Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. The “lowest” price isn’t always the lowest price. Rules are made to be broken. And customers don’t always tell the truth. Those are just a few of the things I wish they’d told me before I was handed a one-way ticket to Consumerland. Before I became a consumer advocate, I naively thought that most pricetags and labels were truthful, that everyone played by the same rules and that generally speaking, customers told the truth about their experiences. Not necessarily. Last week I shared a few of the secrets I’d learned about saving money for the Memorial Day holiday, but today let’s cut right to the chase. What don’t you know about yourself, as a customer? It’s not just stupid people who get scammed. In fact, the bad guys go after well-educated, otherwise savvy consumers with their schemes. Every week, it seems, I’m asked to help someone with a “Ph.D” or “M.D.” following their name. The reason? Some criminals are really smart – at least as smart as the folks with postgraduate degrees that they rip off. Plus, these high-earning victims typically lose lots of money when they’re scammed. Does the name Bernie Madoff ring a bell? Labels lie. Whether it’s the tag on a container of bean dip that promises it’s “fresh” or the sticker price on a new car, the sad fact is, it rarely is entirely truthful. The deli item is packed with preservatives and may have been “fresh” three days ago. The price on a car is never the price you’ll pay, after taxes, fees and the floor mats that cost extra. These lyin’ labels have only gotten worse over time. The rules only apply to customers. Companies hire clever lawyers to write “adhesion” contracts, or agreements that apply only to you, but not them. Worse, the attorneys have figured out a way to get you to agree to it simply by using the product, so you probably aren’t even aware that you’ve given up something as basic as a right to sue the company. Customers don’t always tell the truth. In an effort to level the playing field against fundamentally unfair contracts, or maybe because their mommas never taught them that lying is wrong, customers bend the truth often. They insist they didn’t open the package when they did; they make fraudulent insurance claims; they say their beloved aunt died in a horrible car accident in order to get a refund on a plane ticket. Even the ones who don’t lie often omit important details in order to get you to help them. They’re not difficult to spot – their hyperbole is a dead giveaway. Even if you think you aren’t, you are being manipulated. It’s an unfortunate truth. From the moment you step through the front door of a business, they’re adjusting sights, sounds and smells to get you to buy, buy, buy. And speaking of manipulation, that applies to consumer advocates, too. If consumers aren’t using you to get what they want, then a business is trying to pull a fast one, trying to persuade you that it’s blameless and being victimized by predatory consumers. Bottom line. What you don’t know about yourself and the company you’re doing business with can hurt you. Life in Consumerland isn’t fair, but information is power. Don’t be naïve like I was when I started fighting for customers. It could cost you. Christopher Elliott is a consumer advocate who blogs about getting better customer service at On Your Side. Connect with him on Twitter and Facebook or send him your questions by email. Previous Post The Top 10 Personal Finance Rules to Live By Next Post How to Be a Total Tipster: A Guide to Gratuity… Written by Mint.com More from Mint.com Browse Related Articles Mint App News Intuit Credit Karma welcomes all Minters! Retirement 101 5 Things the SECURE 2.0 Act changes about retirement Home Buying 101 What Are Homeowners Association (HOA) Fees and What Do They Cover? Financial Planning What Are Tax Deductions and Credits? 20 Ways To Save on Taxes Financial Planning What Is Income Tax and How Is It Calculated? Investing 101 The 15 Best Investments for 2023 Investing 101 How To Buy Stocks: A Beginner’s Guide Investing 101 What Is Real Estate Wholesaling? Life What Is A Brushing Scam? Financial Planning WTFinance: Annuities vs Life Insurance