what happens when you dispute a credit card charge

When you dispute a credit card charge, you make a claim to the credit card company explaining that you are not responsible for paying for a particular purchase and why. The Fair Credit Billing Act (FCBA) gives you the right to receive a quick response from your credit card company if you dispute a charge and protects your credit score from negative effects during a dispute investigation. You normally have 60 days from the date a charge appears on your credit card statement to dispute it. If you win the dispute, you wont need to pay the charge at all. During the dispute process, your credit card company will likely remove the charge from your statement, and you wont need to pay it until a decision is reached regarding the dispute. If your dispute is denied, the charge will go back on your credit card, and you should receive an explanation from the credit card issuer detailing the reason the dispute was denied. You must keep paying your credit card bill like normal during the dispute process, and youre still responsible for paying the rest of the bill. If you falsely dispute a credit card charge, it is punishable by law.