5/7/2023 0 Comments Make quick biz cards![]() If you determine the charge on your credit card is fraudulent, you’ll need to report it and dispute the charge. Waiting or catching the charge after 60 days could make you responsible for paying the charge. The Fair Credit Billing Act states that you should report unauthorized charges within 60 days of the statement date. Make sure you’re familiar with the ins and outs of a credit card statement so you’re able to identify fraudulent or mistake charges right away. Most people don’t keep checkbooks or balance books anymore, so it’s important to track purchases on your bank statements. The important thing is to catch unauthorized purchases early, ensure it is not a mistake or a merchant under a different name, and then report the charge immediately if you suspect it is fraudulent. Contact the number on the back of your card or visit the issuer website to find out if your issuer has a similar tool. Some card issuers, like Visa, offer a credit card merchant name search tool. Alternatively, you could contact your bank to see if they have any information on the merchant name. If you are unsure, call the recent merchants you’ve shopped with to find out if they use square or process their card payments under another name. You also might see “SQ”, which usually stands for “square” and is a card processing system many merchants use. It is common to see a different name on your bank statement than the one you expected from the merchant. With a proof of receipt, they should be able to fix the charge. If you find that a purchase you made is showing up as a different amount than what’s on your receipt, contact the merchant immediately. In many cases, a mysterious charge on your credit card statement is a mistake made by the merchant. 2 How to Read Your Credit Card Statement.1 What’s This Charge on My Credit Card?.Credit Score and Credit Report Resources.How to Get a Free Equifax Credit Report.How to Get a Free Transunion Credit Report.How to Get a Free Experian Credit Report.How to Remove Something From Credit Report. ![]() What’s This Charge On My Credit Card Statement?.
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