Fair Credit Billing Act

Facts for Consumers – Fair Credit Billing Act

How you ever been on the wrong end of a billing error? If so, keep in mind that these types of errors can be corrected if the proper steps are taken. The Fair Credit Billing Act (FCBA) provides guidance in the area of dispute settlement procedures.

The FCBA applies to “open end” credit accounts, such as credit cards. It also applies to revolving charge accounts, such as department store accounts. It does not apply to installment contracts, such as auto loans or appliance repayment contracts.

Read more about the Fair Credit Billing Act now:
- Learn about your rights with credit card billing errors
- Find out types of disputes are covered
- View a sample letter written to a creditor
- Find answers to common questions that may arise
- Learn about other rights and options that you may have

You can find more information about various finance topics in our tips and advice center. You can also find financial calculators and other helpful credit-related resources in our knowledge center.

Posted in Credit Cards, Miscellaneous, Personal Finance, Small Business

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