Did you know about an organization called Consumer Reports? They are an independent, nonprofit organization that serves consumers through unbiased product testing and ratings, research, journalism, public education, and advocacy.
Consumer Reports is by far the best consumer rating agency. Since 1936, the company has been committed to empowering consumers with the knowledge they need to make better and more informed decisions. They review and rank all kinds of consumer products and services based on their own in-house testing procedures and consumer surveys. They have 7.2 million subscribers who pay for access to their website and magazine, and have an annual product testing budget of $21 million.
There is another big reason why Consumer Reports is a valuable tool in deciding what product to purchase. Since they are a nonprofit organization, they take no money from companies to support their activities. This means that they are not influenced by advertisers or companies that try to manipulate their reviews and rankings.
I highly recommend consulting Consumer Reports if you are about to make a major purchase. It costs $6.95 for a 30-day subscription and $30 for an annual subscription.
It might be a good idea to go for a 30-day subscription to access their rankings if you are making a major purchase. For example, Consumer Reports tested 93 drip coffee makers and surveyed the owners of the coffee makers. A $40 dollar machine ranked right at the top – ahead of many expensive models costing $150 or more.
You can subscribe to Consumer Reports on their website:
We hope you are finding our consumer alerts useful. And, as always, if you know someone who is struggling with overdue debts, please have them call us for a bankruptcy consultation at 212-315-3755.