| As a nationof rules, we have certain protections | | | | remains on your card for more than 6 months, |
| from credit card issuers who do not want to play | | | | the issuer must make a good faith effort to send |
| a fair game. Be certain to know your basic rights | | | | you your monies due. |
| concerning your credit card account. You have | | | | Keep a close eye out for errors on your billing |
| been afforded certain protections. This article will | | | | statement. Many folks have a tendency to |
| cover the most important and meaningful of | | | | overlook this. Credit card issuers have the burden |
| these. | | | | to be certain that your statement is correct, as |
| You are entitles to have your credits posted | | | | they hold the responsibility to act when |
| promptly for your payments. By law your | | | | corrections are needed and justified. Albeit, many |
| payment must be reflected on their books the | | | | people have noticed that this is not the case in |
| day they receive it or the next business day | | | | reality. Still consumers must be aware that they |
| after if it was received if arriving in the afternoon | | | | have the upper hand and that the law is on their |
| generally. Each issuer can make up certain rules of | | | | side. Most of the time, folks receive a terms |
| their own within the confines of what is legal and | | | | brocure from their credit card company that |
| allowed but your payment must be treated with | | | | covers the individual rules for the credit card; and |
| due process when it arrives.. | | | | again every year or so after that. You might |
| Be certain to follow the postal instructions so your | | | | even receive a summary of these rights with |
| funds reach the issuer's billing department without | | | | your bill. Yet is generally better to become familiar |
| any hassle. If you accidentally send your payment | | | | with the rules in the long version of the terms |
| to the wrong place it could take weeks or more | | | | instead of the shortened version that may arrive |
| to correct, and you would still be liable for your | | | | with each bill. |
| payment not reaching the credit card issuer or | | | | If you find a problem with your credit card bill, |
| financial institution in time. If by chance you can't | | | | you can have a temporary hold put on the |
| find the mailing envelope that arrived with your bill, | | | | transaction while it is being disputed. If the |
| make sure you correctly copy the address from | | | | resolution of the dispute ends in your favor, you |
| the billing statement correctly; or telephone the | | | | will receive a credit for the amount. The dispute |
| issuer to make certain that the address is correct. | | | | can be due for any a number of reasons including |
| You might be entitled to refunds of credit | | | | having recieved broken goods, services you |
| balances. When you make a deposit that is over | | | | purchased but did not receive. Remember that |
| the total amount of credit allowed on your card, | | | | you still are responsible for payment of any |
| you are entitled to have the extra funds added | | | | amounts that are not in dispute on the bill, and |
| or be issued a refund for the excessive amount | | | | that your due dates and the like are not adjusted |
| of your deposit. Refunds generally must be given | | | | because of a pending dispute. |
| within 7 business days of your request. If a credit | | | | |