How to Claim Credit Card Charges Back
Even after almost six years of negative publicity, credit card companies are still mis selling payment protection insurance which has led to a great number of UK consumers asking how to claim credit card charges back. As a matter of fact, the Financial Services Authority, FSA, has noted in their most recent report that credit card companies are now amongst the worst offenders when it comes to mis selling payment protection insurance. Whilst other segments of the market are still in violation of PPI rules and regulations as well, the greater portion of those claiming back bank charges are individuals filing complaints against credit card companies.
PPI Premiums on Credit Cards
Before you can discover how to claim credit card charges back you actually need to understand how premiums are set up on credit cards. In recent years there has been a lot of press given to the way in which premiums are assessed on loans because they tend to be a huge one-time fee that is tacked on to the loan and amortized over the term. In such a case the actual insurance premium accrues interest as well, which means that the borrower is actually paying a significant amount of money for cover that is virtually nonexistent. Credit cards, on the other hand, are much more difficult to calculate how much money has been paid in over time since premiums are based on a percentage of the outstanding balance from month to month. How to claim credit card charges back then would entail knowing how much was paid each and every month on the outstanding balance carried forward.
How to Claim Credit Card Charges Back Made Easy
If you feel that you have been mis-sold PPI on credit cards and are looking at how to claim credit card charges back, then it would probably be in your best interest to contact a claims management company such as Belmont Thornton, Belmont Thornton. Speak with a member of the claims team who can help you determine whether or not you have truly been mis-sold PPI and will help you understand how to claim back PPI. If it has been established that you were probably mis-sold PPI for the cover was misrepresented then there is a very good chance that you have a viable claim. The claims team will explain to you how to claim credit card charges back by filing through Belmont Thornton and it will further tell you what you can probably expect along the way. The member of the claims team you're working with will place a claim packet in the post for you that you will need to fill out, sign and return along with any supporting documentation which may be required. Once the claims team has your packet in and they can begin the real work they discussed with you when they explained how to claim credit card charges back.
It normally takes approximately 8 weeks to bring a claim to closure, but even so, some claims are settled much more quickly whilst some claims take longer especially if they go to appeals. In any case, your Belmont Thornton claims management team will keep you apprised along way.
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