Credit Repair Glossary
-
Fair Credit Billing Act
The Fair Credit Billing Act (FCBA) is the primary law which governs credit accounts such as credit cards (including overdraft checking cards) and revolving accounts such as those issued by discount retailers and department stores. A similar law, “The Electronic Transfer Act”, applies to electronic fund transfers such as those performed at an ATM or point of sale debit transactions. These two laws are similar in the rights they grant consumers through regulation of the credit industry.
The FCBA provides you, the consumer, with the right to dispute certain charges. Have you ever been billed for merchandise you returned or never received? Has your credit card company ever charged you twice for the same item or failed to credit a payment to your account? While frustrating, these errors can be corrected. It takes a little patience and knowledge of the dispute settlement procedures provided by the Fair Credit Billing Act (FCBA).
For more information, read the full text of the FCBA here. Or, check out our summary of your rights under the Fair Credit Billing Act and how to dispute credit charges.
Recent Credit Blog Posts
- Do “Credit Builder” Features Work?
- Credit Repair Companies Fined in Louisiana
- A Quick Check To See How Credit Reform Is Going
- Credit Card Issuers Get Tighter—Advanta To Yank Future Use of Some Business Cards
- Credit Card Rights: Disputing Credit Card Billing Errors
Featured Credit Articles
- Debt Collectors Harrassing You? Dealing With Debt Collectors Tip #1
- Credit Monitoring Reports: What Are They?
- Let’s Face It: Bad Credit Is Expensive!
- 5 Great Resources To Combat Identity Theft
- In a Credit Fix? Reports from the Credit Bureaus Can Have Errors
Easy Credit
Good credit scores save you thousands of dollars. We've made it easy for you to learn about good credit. Download our free Easy Credit Guide and find out how easy it can be to get good credit!
DownloadGet Our Credit Tips
Serious about improving your credit and saving money? Make it easy for yourself, and get our weekly Credit Tips newsletter delivered by email.
Free Credit Reports
(Plus Scores!)
To improve your credit score, you need to know your credit score. Get all three credit reports (plus credit scores) in this free offer.
Get it NowCredit Success Stories
“Before starting with Credit X-Pert's [a preferred partner of CreditScoreAide] I had an 18% interest rate on my car and I couldn't get a credit card ANYWHERE. In Three months my credit score jumped over 100 points. Now my interest rate is 6% and I have 2 new credit cards with a great credit limit! I really didn't expect this but now I am a firm believer in what Credit X-Pert's can do for people. Thanks for EVERYTHING!”Read More