When you apply for and are issued credit, your signature on the credit application acts as your acceptance of the terms set forth by the issuing financial institution. Even though it may seem that the issuer has the upper hand in all matters related to using the credit, that0s not entirely true.
You have certain rights, many of which are provided under the Fair Credit Billing Act. What0s important when exercising these rights is ensuring that you take all required steps in the order and time frame specified. Let0 start with the biggest credit problem, billing disputes.
Billing disputes
Billing disputes in which merchants charge cardholders for items not received or items received defective happen all the time. According to the Fair Credit Billing Act, you have a right to dispute such charges by taking the following steps.
Step 1
Within 60 days of the date you received the first statement listing the disputed item, you must contact the issuer of the credit card in writing. Be sure to use the separate address listed for Billing Inquiries. Also be sure to mail your letter which must include your name as listed on the cardholder account, account number, details of the disputed item and what you […]

Full Article At: KnowHow-Now.com Articles

Bookmark to: