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505. Will the bank get involved right away?

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This article is from the Credit cards and Consumer Credit FAQ, by adams@spss.com (Steve Adams) with numerous contributions by others.

505. Will the bank get involved right away?

No. Under the law, first you must try "in good faith" to resolve
the problem directly with the seller.

 

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finance, debit card, credit card, secured card, guaranteed card, unsecured card, consumer credit, bad credit, credit report







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previous page: 504. Exactly which credit card purchases qualify under the Fair Credit Billing Act?page up: Consumer Credit and Credit Cards FAQnext page: 506. What does resolving a credit card problem "in good faith" mean?