What types of legal action are available for credit card disputes?

In South Carolina, a consumer has multiple legal options available in order to resolve a credit card dispute. The first option a consumer may take is to dispute a charge with their credit card company. The card issuer must respond to the dispute within two billing cycles. After that, if the consumer is unsatisfied with the resolution, they have the right to take the credit card company to court. This is known as a “breach of contract” lawsuit, which is where the consumer requests that the court order the credit card company to pay for the disputed amount. A second option a consumer has is to file a complaint with the Consumer Financial Protection Bureau (CFPB). This is an independent federal agency that deals with consumer financial issues, such as credit card disputes. The CFPB will investigate the dispute and, if necessary, they can take steps to help resolve the dispute in the consumer’s favor. Lastly, a consumer may also file a complaint with their state’s attorney general’s office. The attorney general’s office will investigate the dispute and, if necessary, take steps to help resolve the dispute in the consumer’s favor. These are the three legal options available to consumers in South Carolina for credit card disputes. In all cases, the consumer should provide evidence of the dispute and the amount they are seeking. It is always important to consult an attorney if the consumer is deciding to pursue a case in court.

Related FAQs

What should I do if my credit card company denies my dispute claim?
What are the federal laws governing credit reporting?
What are the laws on credit card debt collection?
How can I prepare for a chargeback?
What documents do I need to submit to initiate a credit card dispute?
What remedies are available if a debt collector violates the Fair Debt Collection Practices Act?
What are the risks of debt settlement?
What are the federal laws governing credit cards?
What evidence is needed to dispute a credit card charge?
What should I do if I find incorrect information on my credit report?

What types of legal action are available for credit card disputes?

Related FAQs

Related Blog Posts