Personal Finance 1st Edition by Jack R. Kapoor

Exercise 24

1    What is the Fair Credit Billing Act?

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2     What must you do to protect your rights if a billing error occurs?

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3     What happens to your credit rating during the billing dispute?

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4     What can you do if your identity is stolen?

Action Application Visit the Identity Theft Resource Center at www. idtheftcenter.org. List the steps you can take to reduce the chance of ID theft.

Step 1 of 4

1. Fair Credit Billing Act:

The Fair Credit Billing Act sets procedures for promptly correcting billing mistakes, refusing to make credit card or revolving credit payments on defective goods, and promptly crediting your payments.