- Nov 15, 2001
- Real Name
- Neil Middlemiss
Following up: My wife called Visa and talked with the claims people.
- If the credit card company can't get their money back from the bankrupt vendor, we're responsible for the payment
- We don't have to pay the charge on the credit card bill until the dispute is resolved
- If the resolution is not in our favor (see #1) we're responsible for all accrued credit card interest during the dispute duration
And this is why I only use American Express
We paid the bill in full. We're not taking the chance of getting hit by both the charge and also months of credit card interest charges on it. My wife also found in a news article a direct-claim contact with the retailer so she sent a request ot them and provided that info to the credit card company in our dispute claim records.
I need to look for other actions I should be taking in case the credit card company doesn't come through.