It’s Consumer Awareness Week and all week we are talking contracts. Did you know that once you turn 19, you’re legally on the hook for any contract you sign? Here are three things you should know before signing on the dotted line.

Whether you’re buying something online, buying your first car or getting a cell phone, know that contracts carry with them certain rights and responsibilities. If you don’t read the fine print before you buy, you just may find yourself owing money for a good or service that you didn’t want or can’t return. So before you sign, stop and think about these things:  

  1. Know what you are saying yes to. Buying online? Don’t hit “I agree” to the popup terms and conditions before reading the details.
  2. Get it in writing. Always get a written copy of your contract. Made your deal verbally? Make sure you follow up in writing, outlining the terms that you have both agreed to. You will be glad you did.
  3. Know when you can cancel. Some types of contracts give you certain rights to cancel. Find out what they are before you sign.


Financing or leasing? Know the total cost
Contracts – I didn’t agree to that
Jack and Lisa’s story: paving the way to a consumer refund
What would you do? A guide to being a savvy consumer: home-repair