Wednesday, August 11, 2010

GTE FCU: Most Unreadable Credit Card Agreement

According to analysis by CreditCards.com, GTE FCU in Tampa, Florida has the most unreadable credit card agreement.

CreditCards.com examined more than 1,200 agreements and graded every statement using a standard common in the teaching and textbook industries: the FOG Index.

The credit card agreement from GTE FCU required that an individual have a reading comprehension level of 18.5 years or the equivalent of a post graduate degree. Click here to see the video of people trying to read GTE's credit card agreement.

Eight of the 10 most unreadable agreements were from credit unions. However, the 10 most readable agreements were from credit unions.
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1 comment:

  1. AnonymousAugust 11, 2010 at 2:08 PM

    It's nice for you to recognize both sides of the ledger for a change.

    ReplyDelete

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