Credit Guide

If you have ever received your credit card statement and found an error, you know how frustrating it can be. You either call the credit card company and they say you need to talk to the merchant. You call the merchant and they tell you to call the credit card company. Eventually, you might just pay the charge to make the problem go away and keep from paying interest on a purchase you didn't make or one you returned.

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Today, the Fair Credit Billing Act makes sure that you don't have to pay for something you didn't buy. But the act also covers other billing errors that you should not have to be responsible for. This includes the billing for an item you returned or an item you never received or accepted. It also applies to billing that has the wrong date or amount of purchase. And if the credit card issuer makes a math mistake, you are covered as well. Finally, if the credit card company fails to send your statement to your current address, as long as they have been notified of this address in writing, the Fair Credit Billing Act will help you with the interest charged in the meantime.

In the unlikely event unauthorized use of your credit card occurs, follow the reporting procedures defined by your credit card provider and contact us at sales@razorgator.com immediately. Most credit card companies cover all charges that result from unauthorized use of your credit card or may limit your liability to $50. the maximum liability allowed under the Fair Credit Billing Act. For additional information on the Fair Credit Billing Act, contact the Bureau of Consumer Protection or visit the Federal Trade Commission web site at www.ftc.gov.

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Basically, any item on your bill that you want explained or that you don't recognize can be taken as a billing error under the new law. But in order to get the credit card company to take action under this law, you must notify them in writing of the error within sixty days of the issue date on your bill. Do not fax, email, or phone your complaint in. You must send a letter through US mail.

Under the Fair Credit Billing Act, your bank cannot hold you liable for more than $50.00 of fraudulent charges.

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In your letter, describe the problem as succinctly as possible. Avoid venting about how ridiculous the whole situation is. Simply state the facts, list your contact information, credit card number or account number, and sign and date the letter. Send it to the address for billing inquiries, and if possible, send it by certified mail. You will be notified when your letter is received.

Under The Fair Credit Reporting Act (FCRA), consumers have a right to a free credit report on themselves in certain circumstances.

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The credit card company must investigate your complaint and respond to you either with a refund or an explanation of why the charges are correct within two billing cycles, or ninety days.

Under the Fair Credit Billing Act, your bank can not hold you liable for more than $50.00 of fraudulent charges.

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Our professionals will make sure yours doesn't. You have rights! Credit Restoration is legal! You have the right under the Fair Credit Reporting Act (FCRA) to dispute any information on your credit report. You have the right to force the credit bureaus into providing verification of the information they sell and print. This act allows you to resolve credit report inaccuracies and raise your FICO Score, but the process is not easy and is very time consuming.

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