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Disputing_Credit_Card_Charges

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					Title:
Disputing Credit Card Charges

Word Count:
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 th e 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 p roblem 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.

				
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