Everett received his credit card statement in the mail and noticed an unfamiliar charge. He notified his bank immediately, and a month later the bank provided him with a copy of his signature previously authorizing the charge. What happens next? A. The charge will be due on the next bill. B. The bank closes the account. C. The charge is not billed and no payment is required. D. Everett must pay the charge, plus any late fees.

Question

Advanced Placement (AP)

Linnea

26 May, 09:57

Everett received his credit card statement in the mail and noticed an unfamiliar charge. He notified his bank immediately, and a month later the bank provided him with a copy of his signature previously authorizing the charge. What happens next? A. The charge will be due on the next bill. B. The bank closes the account. C. The charge is not billed and no payment is required. D. Everett must pay the charge, plus any late fees.

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Answers (2)

Know the Answer?

Raymond · Answer 1

A. The charge will be due on the next bill. Apex

Maverick Rasmussen · Answer 2

Answer: A. The charge will be due on the next bill. The charge was already billed as reflected in Everett 's credit card statement. However, since he has immediately lodged his complaint to the bank about the unfamiliar charge, his payment for the said charge was deferred while it is being investigated. The bank validated his complaint by sending him the copy of his signature previously authorizing the charge. Since his complaint is not valid, Everett must pay the charge which will be due on the next bill.