There are many evils linked with credit score cards, but there are advantages that are tough to ignore. 1 advantage is getting the credit score card company act in your behalf to recover funds from a disputed transaction. Under the Fair Credit score Billing Act the credit score card company has to investigate the dispute and both take the cost off your bill or explain why it is correct. Even better, you do not have to spend the portion of the credit score-card bill or associated interest charges whilst the dispute is being investigated.

The kinds of blling disputes/mistakes coated by the Fair Credit score Billing Act are:

• Charges that list the wrong day or amount.
• Charges for goods and solutions you didn’t accept or weren’t delivered as agreed.
• Math mistakes.
• Failure to post payments and other credits, this kind of as returns.
• Unauthorized charges.

Prior to you dispute any of issues you must first get in touch with the retailer and try to settle the dispute. If they ignore you, or the dispute is not settled then get in touch with the credit score card company. Usually you need to have your dispute in writing to the credit score card company. The address for billing disputes is different then the address to send payments. The billing dispute address can be found on the back again of your monthly statement. If it cannot be found, call the credit score card company’s customer service for the billing dispute address. You generally only have a particular quantity of days to dispute the billing error so make certain you mail in your dispute before the deadline.

If contacting the credit score card company does not resolve the dispute, you might get in touch with the Office of the Comptroller of the Currency’s Customer Help Group. Their web site is http://www.occ.treas.gov/customer.htm and telephone quantity is 800-613-6743.

About The Writer

Christine Breen is the owner of 1stop-creditcards.com a website helping consumers discover a better credit score card.

kokopoko2000@yahoo.com