Belmont Thornton Logo
Claim Back Loan Insurance

Credit Card Charge Claim Back

There was a point several years ago when it was fairly easy to qualify for a credit card and card issuers were competing for business. Unfortunately, this is no longer the case and credit card companies use this to their advantage. It appears as though many credit card issuers are implying that certain consumers would not qualify for credit unless they carry payment protection insurance. This is one credit card charge that is added every month based on the outstanding balance. This insurance cover is intended to make monthly payments in the event that the cardholder is suddenly without income and unable to do so. However, in the real world very few people are eligible for this cover.

Why It Is Difficult to Claim Cover

This is one of the biggest problems which many consumer advocate groups have with payment protection insurance. The credit card charge for this insurance product is extremely high yet it provides very little cover for the people who need it most. There are so many exclusions to most policies that only about 13% of all policyholders would ever be able to draw benefits from the insurance cover. For instance, most credit card charge claim back complaints state that consumers were not apprised of certain pertinent facts concerning cover such as the fact that back injuries are not covered as a reason for losing income. As well, those policies don't cover such conditions as mental illness and will not pay if the policyholder is able to receive sick pay benefits from his or her place of employment. These facts should be disclosed at the time the insurance is taken out and failure to disclose is perhaps the leading reason for payment protection insurance claims on credit cards.

Credit Card Charge Claim Back Holding Steady

Whilst the misselling of mortgage payment protection insurance is easing up, credit card PPI appears to be as strong as ever. According to statistics released by the Financial Services Authority, credit card charge claim back figures are still running high. In fact, they are running higher than it had been anticipated. Consumers are continuing to seek payment protection refunds as frequently as they had in the past. This is comparable to PPI on personal loans and, in fact, many banks are saying that claims are coming in greater numbers than ever. Even so, there is no clear indication that this is in terms of new credit card charge claim figures or whether they are from older PPI credit card accounts.

If you are looking for help in filing a credit card charge claim back, Belmont Thornton, Belmont Thornton has a professional claims team on hand to answer any questions you may have. Simply call the claims helpline on 0207 471 2000. A member of the claims team would be happy to assist you and give you further information on the PPI claims services we have available or you can fill out the brief form on this site to receive a call back usually within 24 hours.


Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Why Choose Us?

  • TickAbsolutely No Upfront Costs. No Win No Fee*
  • TickSpecialist Claims Team Always On Hand To Answer Your Questions
  • TickQuick, Easy And Simple Process
  • TickU.K. Based Call Center
  • TickGuaranteed To Start Your Claim In 24 Hours

Loan claim: Building societies warn of house price bubble

The Building Societies Association (BSA) is the latest to warn about the potential house price bubble that could arise f...

Bank claim: Lloyds raised concerns on Co-op finances

Lloyds Banking Group was aware that the financial position of the Co-Operative bank was unstable, said Lloyds chief exec...

Loan claim: first time buyers locked out for a decade

First time buyers will have to save up their deposit on a house for more than ten years, according to research from the ...

Bank charges: Commission tackles issue of RBS

The weak position of the Royal Bank of Scotland (RBS) is damaging to the UK economy, according to the Parliamentary Comm...

Bank charges: Report says customers and taxpayers were failed

Customers and taxpayers have been failed by the financial sector, according to the final report from the Parliamentary C...

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* 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.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide