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

In South Carolina, consumers are protected by state and federal laws when it comes to credit cards. Under consumer law, consumers have the right to fair and transparent terms. Credit card contracts must clearly explain how interest rates and late fees are calculated, and any changes to interest rates must be reasonable and disclosed prior to the change taking place. Consumers also have the right to dispute any incorrect or unauthorized charges on their credit card bill. The credit card company must prove that the charges are valid and that the consumer is liable for them. If the charges cannot be proven, the consumer does not have to pay. In addition, consumers have the right to cancel their credit card within three days of receiving it. The consumer must notify the credit card company in writing within three days of receiving the card, and if they do not receive an acknowledgment of the cancellation within 30 days, they can assume the cancellation was accepted. Finally, consumers have the right to receive a copy of their credit card bill each month. This allows consumers to make sure that all charges are correct and valid. Consumers should also review their statements each month for any unauthorized charges or discrepancies. Overall, consumers in South Carolina have comprehensive rights when it comes to their credit cards. These rights give consumers the ability to protect themselves and their finances from potential abuse by credit card companies.

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

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