Every month your credit card statement is there for you to review and decide whether or not to pay your balance due. The credit card company will send a letter to the card holder, stating their intention to settle your balance if you pay the late fees and interest by the specified date.
Every time you receive a credit card statement from your card provider, the details contained in it will contain your account information and balance. You should check all this information before you make your payment to the card provider. If you make the payment on time, your card company will notify you by mail about the balance owing and will try to contact you by phone. If they do not receive a phone call from you, then they will settle your balance with you.
Most credit card statements are very vague on some of the account numbers. They may include the number of account but not the name of the account. This is a reason that people often miss their payments.
If you find that the credit card statements are inaccurate it is possible to dispute the information contained in them. This can take some time and you will need to follow the instructions in your statement carefully. Make sure that you are aware of all the terms and conditions attached to your card before you start the process of dispute.
Once the dispute process is completed the credit card company will then verify the information provided in your statement. They will verify the bank account numbers and then send the card statement to the customer. It will be received by the customer within two weeks or sometimes sooner depending on how quickly they verify the information.
If your credit card statement is incorrect, it is important that you prove to the credit card company that you have proof of the information. There are a number of companies that are able to provide information and documents that are used as proof when making a dispute.
The credit card company will check the details included in your credit card statement against their records in order to verify the information. If the information is incorrect, the credit card company will either require you to produce proof of the information or will charge a fee in order to do so.
If you choose to dispute the balance and/or the balance due in your credit card statement, you should always ensure that you have an expert view of the disputed information and proof of its validity before you make the dispute. If you do not have an expert view, it is likely that the card company will take no action against you.
If you are making a dispute for any other reason such as a late payment you should still keep copies of any documents and receipts you should also request copies of your credit card statement from your bank. When you dispute the information in your credit card statement, you are entitled to a reply in writing.