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Barclays Overdraft Protection

If you have taken out any kind of financial insurance in the last few years recent events may have forced you to take a very close look at your policy documents. Following several high profile investigations the selling techniques and financial products offered by banks have come under close scrutiny. It has been found that Barclays Overdraft Protection cover and many similar types of financial insurance have not always been sold in the correct way. Whether this is as a result of human error or oversight some customers have found themselves paying for cover that offers them little protection and often costs them dearly. Thanks to tireless campaigning by many consumer rights groups there have been many improvements in the way these kind of financial products are sold. If you have bought a Barclays Overdraft Protection policy in the past, though, or a similar type of cover, and you believe it was misrepresented to you or not suitable for your needs you may have the right to make a complaint. Your lender has a responsibility to act in your best interest to protect you from being mis-sold a product that is not suitable and if they failed in this responsibility you may be entitled to a refund of any premiums paid.

Barclays Overdraft Protection is no longer sold to new policyholders, but you can still buy a similar product - accident, sickness or involuntary unemployment cover. The cover is, essentially, the same as the payment protection insurance cover that is sold on loans and credit cards. It is designed to cover repayments if you cannot work as a result of circumstances beyond your control. The trouble with PPI, though, is it does not always represent good value for money and has been frequently mis-sold.

Whether a policy is considered ‘mis-sold’ settles on what happened and what you were told at the point of sale. If things weren’t explained fully to you or your suitability for the cover wasn’t adequately assessed you may have the right to make a complaint. You could also make a complaint if you felt under pressure to take out the cover or your lender failed to provide you with policy documentation.

If you would like to make a PPI claim we can help. We work on a No Win No Fee* basis and have already assisted more than 60,000 customers and reclaimed in excess of £50 million. We can also assist you in claiming back bank charges. Following an Office of Fair Trading investigation in 2006 it was found that charges being applied by banks to the accounts of credit cardholders who exceeded their agreed limit or made a late payment were unfair. As a consequence of this investigation most banks have reduced their charges to £12. If you have paid excessive charges in the past; however, you now have the right to make a complaint for compensation.

To start your claim for mis-sold payment protection insurance or unfair credit card charges call our team on 0207 471 2000.

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Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

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* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

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