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The trip was great but now the car rental company, Fox Rent A Car, is refusing to refund what they told me was a $150 deposit back to my card! Related Articles. AOL.
Authorization hold (also card authorization, preauthorization, or preauth) is a service offered by credit and debit card providers whereby the provider puts a hold of the amount approved by the cardholder, reducing the balance of available funds until the merchant clears the transaction (also called settlement), after the transaction is completed or aborted, or because the hold expires.
But that effort to drop late fees on credit cards to $8 from $30 or $41 typically was put on hold after banking industry groups took legal action. Consumers got hit by some bad products
A car rental, hire car or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks. It is often organized with numerous local branches (which allow a user to return a vehicle to a different location), and primarily located near airports or busy city areas and ...
In addition to the above, a car rental agreement may include various restrictions on the way a renter can use a car, and the condition in which it must be returned. For example, some rentals cannot be driven off-road, or out of the country, or towing a trailer, without specific permission.
Pros. Cons. Paying monthly. Smaller payments may be easier to budget It may be easier to switch companies if you haven’t paid in full yet. No pay-in-full discount
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