What consumer rights do I have when it comes to credit cards?

In Nebraska, federal and state consumer laws provide important protections for consumers when it comes to credit cards. Generally speaking, credit card companies cannot increase the interest rate on existing balances without a good reason and must provide 45 days of written notice before any changes become effective. Additionally, card holders may be entitled to limits on the amount of fees that can be charged in certain circumstances. This includes fees related to late payments, returned payments, cash advances, credit balance transfers, and over-the-limit transactions. Other consumer rights include stopping creditors from taking payment for unpaid debts. In other words, creditors cannot take assets from a card holder or put a lien on property without permission from a court. This also includes calling card holders at unusual hours or harassing them in any way. Furthermore, debt collectors must provide some form of verification of the debt being claimed. Card holders also have the right to dispute a debt and request the debt collector to provide proof of the validity of the debt. In Nebraska, all of these consumer rights apply when it comes to credit cards. It is important for consumers to be aware of their rights and to know what options are available to them if they feel they are being treated unfairly by a credit card issuer.

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What consumer rights do I have when it comes to credit cards?

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