Credit
Managent
It is needless to mention that one needs to have a good credit
score and a good credit history in case the person needs to have
any loan requirement currently or would need to borrow funds in
the future. In the world we are living, it works on credits and
it is not possible that you would not need a loan ever. |
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KNOWING THE CREDIT CARDS RIGHTS
Knowing your credit cards rights is very important. More than half of the people who have credit cards are ignorant about their credit cards rights and that is why they fall victim of the various recovery attempts and charges that certain credit card companies use. The only way to protect against such wrong practices by the credit card companies is to know your credit cards rights.
To start with you should know that you have the right to dispute the billing changes. In case you see a transaction which you didn’t execute and is reflecting in your statement – this can be disputed. There is a proper procedure for the same. Following the course of action the same could be resolved. Just because an unexplained transaction or a charge for that matter is reflecting on your credit card statement doesn’t mean that you need to pay the same.
In case you credit card is misused and there are certain unauthorised changes, your liability to pay the same is limited to $50 dollars as well in case you are able to prove that you have not made that transaction for a purchase in dispute. The unauthorised charges could go into hundreds and thousands but you don’t need to worry if you could prove that these were unauthorised charges.
Many people tolerate humiliation and insult by the credit card company in form of debt collectors calls in which they would not mind using profanity or giving treats as well for the payments. Well, even if you are not able to make the payment, you have the right to be treated fairly and respectfully.
For more information on your credit card rights you could visit at www.ftc.gov and say no to anything which is mentioned as objectionably behaviour by the credit card company in case of any kind of dispute. |
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