What rights do I have under the Truth in Lending Act?

Under the Truth in Lending Act (TILA), consumers in South Carolina have certain rights when it comes to credit card disputes and resolution of debt. Specifically, consumers have the right to receive accurate and timely disclosure of all the costs associated with a credit card agreement, including the annual percentage rate (APR) and any fees. Additionally, consumers have the right to dispute any inaccurate information listed on their credit card statement and must be provided with a prompt investigation of the dispute by the creditor. Consumers also have the right to cancel certain credit card agreements and have the right to receive a refund for any finance charges that were charged prior to the cancelation date. Finally, consumers have the right to dispute any late payment fees that were mistakenly charged or that were applied in error. These rights are protected by the Truth in Lending Act and the Consumer Financial Protection Bureau. Consumers can file a complaint with the agency and can visit their local Consumer Financial Protection Bureau for more information. Additionally, if consumers feel their rights have been violated, they can contact their local attorney general or the Federal Trade Commission to report any violations.

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