[Infowarrior] - U.S. credit card agreements unreadable to 4 out of 5 adults
Richard Forno
rforno at infowarrior.org
Thu Jul 22 21:07:35 CDT 2010
U.S. credit card agreements unreadable to 4 out of 5 adults
Contracts written at a reading level most can't understand
By Connie Prater
Wonder why you can't seem to make it through your credit card agreement? It's heavy reading: A CreditCards.com analysis found that the average U.S. credit card agreement is written on a 12th grade reading level, three grades above the average American's reading level.
Credit card agreements are written on average at a 12th grade reading level, making them not understandable to four out of five adults, according to a CreditCards.com analysis of all the agreements offered by major card issuers in the United States.
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http://www.creditcards.com/credit-card-news/credit-card-agreement-readability-1282.php
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