Final answer:
A consumer can claim an expedited credit if wrongly charged for a substitute check they did not receive. Credit cards are short-term loans from the card company to the seller, repayable by the consumer, while checks draw money directly from the consumer's bank account.
Step-by-step explanation:
A consumer has the right to claim an expedited credit if the customer asserts in good faith that the bank charged the consumer's account for a substitute check that was not given to the consumer. This implies that the bank has made an error in charging the customer's account, and the consumer is entitled to a quick resolution. It's important to understand that a credit card is essentially a short-term loan where the credit card company pays the seller immediately and then requires the user to pay back the money at the end of the month. On the other side, when using a check for payment for goods and services, the store receives money directly from the consumer's checking account, provided there are sufficient funds to cover the check. In the instance of insufficient funds, an overdraft occurs, where the account balance goes below zero, potentially resulting in fees and the need for the consumer to replenish their account to a positive balance.