Fair Credit Billing Act

Fair Credit Billing Act? - This is a law passed by the federal government that covers the practices of credit accounts. Such accounts would be the one that provide what is called “open end” types of accounts. These would be such as revolving charge accounts or credit cards. The purpose of the act is to provide protection to consumers for things that billed wrong on their accounts. It covers all the aspects of the way the bills are to be handled by the creditors and outlines the means a customer can use in order to resolve such discrepancies. Such assistance doesn’t cover things as instalment plans.