Tag Archive | “fair credit billing act”

Costs And Fees: How to Avoid Late Fees on Credit Cards?

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Being late in paying your bills is going to cost you, big time.

Having credit card late fees at $39, this is no time to be late with your card payment.

Mind those Payment Rules 

I suggest you that one of the most important things that can be done by you is that you should follow your card issuer’s payment guidelines precisely. You can see these guidelines on  the back of each credit card bill.

payment rules

When we are talking about processing credit card payments, then all these little details are incredibly important.

Everything may be included in payment guidelines from a specific payment address to the time of day by which the payment must be received to be credited that day. Many issuers also gives direst the customers to send their payments must in the same preprinted envelope sent to the customer.

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Credit Reports and Scores: Fixing Mistakes on your Credit Report

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The information that comprises your credit history is not sent by you rather than that it is sent by your creditors. Despite of all the fact, you are the one who is responsible for the accuracy of the information about your financial life that is present in each of the three credit reports.

You should expect that there will be some problems in your credit report. It has been shown by the statistics that approximately 70% of all reports contain at least one error. Due to these  mistakes sometimes you can be turned down for a loan or a credit card company may charge the highest interest rate on a credit card.


It’s not very much difficult to get rid of these mistakes, it is just time consuming. As the process of correction is slow, it may take weeks or sometimes even months for you to get these mistakes correct, you may have to make phone calls and exchange of real mail or e-mail takes place between you and your card company.

Steps to correct mistakes

There are standard procedures by which you can get rid of mistakes on your credit report.

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How to Claim Credit Card Transactions You Never Made

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What would you do if you find out that you are billed those purchases which you haven’t made? What if you rarely made any transaction and were billed for couple of transactions by the end of the month? You are shocked to see the transactions of branded stores like Ralph Lauren and Burberry, where you haven’t been for a while.

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Most people are hit by such incidents and unaware of their rights and don’t know what to do, where to report or how to react. Do you have any idea of what rights you possess in-case your credit card is misused or If you’ve made any purchases online and never received the purchased items?

If you have not come across such incidents, then you can call yourself lucky.  These are common situations credit card consumers face day to day, and it can help you to understand and react before something similar happens to you what your rights are, and what your responsibilities are in the matter.

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December 2010
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