Larry G.
God advice but be aware of Bond Savvy’s “negative billing" subscription model
The service - well researched bond investment advice - is very good. But be aware of Bond Savvy’s “negative option” subscription renewal model. You do not receive a notification of any kind prior to the annual renewal charge to your credit card and there is a strict no refund policy once the charge is made. So, I recommend subscribers mark their digital calendar to send a reminder prior to renewal date so that if you are considering cancelling you can do so before the charge is made and you are stuck with a hefty ($850) charge for a service you no longer want. I personally feel that annual subscription services like this should provide subscribers with advance notification of renewal charges. This practice is currently legal but, in my opinion, not ethical, and apparently the Federal Trade Commission (FTC) agrees. The FTC defines negative option as “a provision of a contract under which the consumer's silence or failure to take affirmative action to reject a good or service or to cancel the agreement is interpreted by the negative option seller as acceptance or continuing acceptance of the offer”. The FTC has proposed regulations requiring negative option annual subscriptions such as the plan used by BondSavvy to provide notifications to subscribers prior to assessing a nonrefundable charge to your credit card.