Question

While waiting to have a bill corrected, the consumer a. does not have to make any payments. b. must contact the local credit bureau. c. must pay any undisputed amount. d. must pay the disputed amount.

Answer 1

A consumer must pay any undisputed amount on a bill while waiting for a correction. Late payments incur extra fees. Paying the minimum monthly payment on time is vital for the undisputed portion. The correct answer is option c.

Step-by-step explanation:

When a consumer notices an error in a bill and is waiting for it to be corrected, they must pay any undisputed amount. This means option 'c' is correct, as one should only withhold payment on that part of the bill which is in dispute. It is important to continue to make payments on the portion of the credit card statement that is not in question, to avoid unnecessary late fees and additional interest charges. According to credit card company policies, late payments could lead to extra charges such as a $10 fee when a payment is late and $5 a day each day the payment remains unpaid. Therefore, it's crucial to pay the minimum monthly payment promptly for the untangled part of the bill.