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permel

Legality and Requirements of Price Increase for Services

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I'm trying to find out what's the legality of increasing prices for a service offered.  In most instances, the consumer is on a monthly auto drafted payment plan.  Is there a requirement for notification of price increases?  If so, what are the specifics?

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I assume you mean no written contracts. Most if not all banks require authorization, either written, recorded or electronic, to withdraw money from someones else's bank account. You would need authorization from all your customers to withdraw the new amount.

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3 hours ago, permel said:

In most instances, the consumer is on a monthly auto drafted payment plan.

 

"In most instances" relating to what?  A "monthly auto drafted payment plan" for what?  What are the terms of this plan?

 

 

3 hours ago, permel said:

Is there a requirement for notification of price increases?  If so, what are the specifics?

 

It's utterly impossible to address these questions without having some context and relevant facts.

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