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Credit Card Charges Claim Back

One of the common misconceptions about credit card charges claim back proceedings is that you will need to be represented by a solicitor or file the claim yourself. Actually, third-party representatives are becoming more and more common and government is more than happy to work with claims management companies that represent you. Hopefully your claim will never reach the point of being reviewed by a government entity but if it does you can be certain Belmont Thornton is duly registered with the proper authorities to represent you professionally in your credit card charges claim.

Loan Protection Insurance and Credit Cards

Many credit card issuers have been forcefully selling the equivalent of loan insurance to new cardholders, oftentimes as a contingency for obtaining credit. Even though the government has established rules forbidding them to do so, it is still a common practice that has been reported to the Citizens Advice Bureau, the Financial Services Authority and to a number of claims management companies. This is grounds to file a credit card charges claim back in which you can request a refund of any premiums you paid into what amounts to mis sold payment protection.

Credit Card Issuers Still Being Scrutinized

In one of the most recent reports released by the Financial Services Authority, it was noted that credit card issuers are amongst those lenders that are still being scrutinized for mis selling loan protection insurance. Whilst mortgage payment protection insurance (MPPI) claims have abated to some extent for several years in a row, credit card and personal loan payment insurance claims are on the rise. It wasn't made clear whether those credit card charges claim back statistics were for credit card payment protection policies from previous years or current policies, but FSA is noting a significant increase in claims. Because of the fact that these two segments of the lending industry (personal loans and credit cards) have not seen a decrease in PPI claims, they will continue to be scrutinized by FSA.

Third Party Representation for a Credit Card Charges Claim

Amidst all the other legal jargon that we need to learn in regards to PPI claims, along comes the term 'third party representation'. This is just another way of referring to claims management companies. We, as the policyholder filing a claim are the first party whilst the second party is the lender we are filing against. The third party would be the claims team what acts on our behalf when filing a credit card charges claim back for a mis sold PPI refund. This is important to think about because it is indicative of our need to have experts in our corner. Don't be lulled into thinking that filing a claim with your credit card issuer will be easy if you have all the right forms and documentation. Keep in mind that these huge financial institutions have teams of solicitors on their end which is a difficult obstacle to overcome if you are not well versed in PPI law!

You can be represented by the best of the best. Belmont Thornton, Belmont Thornton, has made a name in the claims community for being amongst the leaders in PPI claims management. Our highly motivated claims team goes above and beyond to get results and they will be available to address any concerns you may have. To speak with a member of the team today call 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 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.

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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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