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Interesting. I guess it doesn't violate the merchant agreement... ...which makes sense in that a valid debt can't be invalidated by a chargeback. But it doesn'
by jkaplowitz 8y ago
Interesting. I guess it doesn't violate the merchant agreement...
...which makes sense in that a valid debt can't be invalidated by a chargeback. But it doesn't turn an invalid debt into a valid one either.
And if you have a contract that you cancel in accordance with the contract (e.g. making the required request to the required phone number then limiting your call to a reasonable duration after doing so), charging back charges for periods after your payment obligation ends shouldn't give them a valid basis to send you to collections, contract or no contract.
They would be unable to prove a valid debt in that case, so a dispute with the debt collector and/or credit bureaus would get it off your credit.
- toomuchtodo 8y agoYes, if he merchant is not operating in good faith, it’s easy to outmaneuver their collections efforts provided you’ve kept good documentation. If they are operating in good faith, and your chargeback is not legitimate, expect a blemish on your credit until you settle the debt (if sent to collections).
- jkaplowitz 8y agoYup. And a smaller blemish even once paid, for something like 7 to 10 years after that. (That's the retention period for collections information on credit reports.)