Resolving Credit Card Disputes

Image this if you will, one day you receive your statement in your mailbox and of course you do not assume anything out of the ordinary because you only used the card one time last month, which was to buy your niece a birthday present.. You open your statement and you find it full of purchases three to sears and many to places you have never even been to and know you did not make.

Are you aware of your rights that you possess when a fraudulent purchase is made upon your credit card? Here we are going to talk about fraudulent charges. The federal law has implemented certain rights that will help you if there is ever an instance of charges upon your card that were not made by you. Limits the responsibility placed on you for charges you were not aware of to only $50.

If you find, when opening your statement, that there are unauthorized charges on it. There is a specific procedure you must follow in order to resolve the issue right away. The first thing that you should do is call the company and explain to them that those charges are not yours and were not made by you. The company will then give you a specific set of instructions you should follow. Ensure that there were no other unauthorized charges made that you might have missed.

The reporting credit card business will most probably ask you to sign a statement confirming these charges were unauthorized.