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Difference between revisions of "Credit Cards"
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== Summary of the law== | == Summary of the law== | ||
[[File:Consumer_Law_and_Debt_-_Credit_Cards.jpg|thumb|275px|right| link=| <span style="font-size:50%;">Image via www.istockphoto.com</span>]] | |||
Liability (responsibility) for charges made on credit cards follows the basic rules of [[Contracts Overview|contract law]]. In most instances, the agreement is made between the consumer applying for the credit card and the creditor accepting the application. The creditor issues the credit card subject to the consumer accepting the terms set out in a cardholder agreement. | Liability (responsibility) for charges made on credit cards follows the basic rules of [[Contracts Overview|contract law]]. In most instances, the agreement is made between the consumer applying for the credit card and the creditor accepting the application. The creditor issues the credit card subject to the consumer accepting the terms set out in a cardholder agreement. | ||