Reclaim Credit Card Charges
Compensation for unfair card charges
Many credit card companies levy charges on customers who make late payments or exceed credit limits. If you have ever used a credit card as part of your banking then in all likelihood you will have incurred these charges at some point.
If you make a late payment or exceed your credit card limit you are in breach of a contract and the credit card company is entitled to recover its losses by means of a fee. However, these credit card charges can often be excessive and incommensurate with the actual money lost by the credit card provider.
In a ruling in 2006 the Office of Fair Trading concurred with these sentiments and decreed that credit and debit card companies and banks should reduce their penalty fees from £35 to £12. Thus, penalty credit card charges should be no more than £12 and any fee over this threshold £12 can be appealed against. Hundreds and thousands of bank customers have already won compensation in this way.
It is possible to claim for credit card charges going back 6 years and the average compensation sum is around £600 (£500 in Scotland). Someone who has used a number of different credit cards over the last 6 years could stand to win a considerable amount of money in compensation.
If you are interested in looking further into claiming back unfair credit card charges, simply fill in your details on our application form to make a no win no fee claim.
Our team of consumer law experts will handle your claim from start to finish and guarantee to treat it with the utmost care and attention, so you can rest assured that we will do everything in our power to ensure that your money is returned to you. Should the bank refuse to comply or offer a derisory settlement we will not back down. Upon a successful claim the money won will come to you either from us or your credit card provider, removing the stress from the procedure. Furthermore, making a claim will not affect your credit rating, so there’s no risk involved.
Which injury solicitors are right for you?
Personal injury solicitors specialise in reclaiming financial compensation for clients who have been hurt as a result of an accident which wasn't their fault.
All about claims for PPI
More and more people throughout the UK are beginning to consider making financial compensation claims for PPI which was mis-sold to them.
Bank charges and you
Many people throughout the UK are becoming more aware of the unnecessary bank charges they are being forced to pay by financial institutions.