A penalty charge should only be used to recover certain limited administrative costs and should therefore be set to reasonably reflect those costs.
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- NO COST FOR UNSUCCESSFUL CLAIMS
Interest rates on credit cards amount to hundreds of millions of pounds in revenue each and every year for credit card lenders. Despite this massive source of income this does not stop the lenders in issuing unfair credit charges for exceeding credit limits or for late payments.
In 2006 investigations by the Office of Fair Trading (OFT) and the Financial Services Authority (FSA) found that some penalties were "excessive and unfair" and penalty charges should accurately reflect administrative costs incurred by the lender.
The Office of Fair Trading (OFT) ruled that they would not pursue banks or credit lenders with charges of £12 or lower. This was a milestone for the thousands of borrowers who had been charged the excessive and unfair fees and now means that you could reclaim the unfair credit card charges.
So how can you determine if you may have a claim for unfair credit card charges?
In the last six years if you…
- Had or have an existing credit card or store card and have gone beyond your agreed credit limit and incurred credit card charges
- Had or have an existing credit card or store card and have made a late payment and incurred credit card charges
- Have paid or are paying for Payment Protection Insurance (PPI) that was not necessary you may also have a claim
So how can we help?
At The Consumer Claims Agency, we have helped hundreds of people to reclaim unfair credit card charges. Credit card charges can be eye-watering and now with intervention of The Office of Fair Trading (OFT) and Financial Services Authority (FSA), you have the opportunity of having excessive credit card charges refunded.
"Little people versus huge banks", we understand that can be stressful, so we are here to take the strain entirely for you. It takes a few minutes to sign up to make a claim, then sit back whilst we take care of the rest.
If you are unsure whether you have a claim or want to talk to someone first we are really happy to help, just give us call on our free debt helpline 0845 874 0240.
So what do you do next?
STEP 1
Call our FREE DEBT HELPLINE today on 0845 874 0204 or simply complete the online claims form.
STEP 2
One of our expert advisors will contact you shortly to discuss your claim for unfair credit card charges.
STEP 3
We will then send you a claims pack (credit card charges) in the post. Just complete and return to us, this allows us to speak with your credit card/bank/lender on your behalf.
STEP 4
We take it from here, keeping you informed of progress along the way of your unfair credit card charge claim.
STEP 5
Only when you have received an acceptable settlement will we charge 25% + VAT of the total amount reclaimed.
The beauty of using The Consumer Claims Agency is that there is no catch. If there is no claim there is no cost to you. We do all the legwork so that you don’t have to, pick up the phone today and reclaim what is rightfully yours.
