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Disputing_Credit_Card_Charges

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					Title:
Disputing Credit Card Charges


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635


Summary:
Let’s imagine for a moment that you’ve just received your credit card bill in the mail, and you think the only
purchase you made with it the previous month was at the gas station. What do you do then, when you find
three purchases at Old Navy, and a bunch of other purchases you know you didn’t make?


Do you know what rights you have regarding fraudulent purchases on a credit card in your name? How
about your rights if you purchased an item with a credit card, but never rece...



Keywords:
credit card, credit cards, credit, creditor, credit card charges, dispute



Article Body:
Let’s imagine for a moment that you’ve just received your credit card bill in the mail, and you think the only
purchase you made with it the previous month was at the gas station. What do you do then, when you find
three purchases at Old Navy, and a bunch of other purchases you know you didn’t make?


Do you know what rights you have regarding fraudulent purchases on a credit card in your name? How
about your rights if you purchased an item with a credit card, but never received the products you ordered?


If these problems have not happened to you yet, you are lucky. These are common situations credit card
users face every day, and it can help you to know before something like this happens to you what your rights
are, and what your responsibilities are in the matter.


When You Are Not Satisfied With Purchase


One of the benefits of using a credit card to make purchases is the additional protection they provide if you
make a purchase that you are unsatisfied with. For example, maybe you used a credit card to pay the
contractors who were hired to repair your shower leak, but there is still water on the bathroom floor.
Obviously, you are not satisfied with the work they completed, and you don’t want to pay for it. The
problem is, you charged it on a credit card and now the bill has come!


Your first step is to contact the contractor, or the merchant you made your purchase from. Most of the time,
the merchant is more than happy to replace a broken item, perform the service again or refund the purchase
back to your credit card. If you make a phone call, document it and follow up with a letter to cover your
tracks in the event the merchant doesn’t follow through.


If for some reason the merchant decides they are not going to do anything to correct the situation, you
should immediately contact your credit card company and report the information. Don’t wait to report the
problem on a later date- most credit card companies require you to report a problem as soon as you see it on
the statement in order to benefit from any of the protection they provide.


Charges You Didn’t Make


Did you know that federal law is involved in helping limit credit cardholder’s responsibilities for charges on
credit cards that they did not make themselves? The Fair Credit Billing Act actually limits your
responsibility to just $50 for any charges you did not authorize. If you open your credit card bill and find
charges not made by you, there is a process you should follow to get it resolved as quickly and painlessly as
possible.


Firstly, call the credit card company and explain the charges that were not made by you. They will give you
instructions as to what to do next.


Then, you should take the time to find and review all of your recent credit card statements in case there were
other charges that you may have missed.


The credit card company will most likely ask you to sign a form to confirm that you were not the one who
made the charges in dispute. Don’t use the card while you are disputing charges.


Once you finally get a resolution and get the charges removed, be sure to order your credit report from all of
the major credit bureaus in order to make sure that the record has been updated there- because chances are
the time it takes to resolve fraudulent charges will have caused late payments on that credit card that may
have been reported.


You can get more information about credit card disputes from the Fair Trade Commission.




credit disputes letters

				
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