Finding an unfamiliar charge on your credit card can be a source of anxiety, but the process of disputing it is often straightforward and effective. A recent LendingTree survey revealed that 50% of American credit cardholders have disputed a claim, with an impressive 96% achieving a successful resolution. The most common reasons for disputes include unauthorized charges (75%), defective goods (21%), and subscription cancellations (21%). Interestingly, some individuals admit to filing fraudulent claims, with men and millennials being the most likely offenders. Despite the potential for abuse, the majority of disputers find the process worthwhile, with 91% receiving resolution within a month. Regular monitoring of credit card statements is crucial, as 44% of cardholders check for unauthorized charges monthly. To enhance your chances of a successful dispute, it's advisable to document all interactions and consider addressing issues with merchants directly before contacting your card issuer.
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