PPI Claim Company Logo
PPI Claims - About PPI

PPI Claim News - 17/3/2010

 
Bank Charges are stinging UK businesses

Britain's banks are springing excessive bank charges onto smaller businesses for basic services, new research shows.

An investigation by the Daily Mail's Money Mail uncovered a magnitude of "sneaky" bank charges have been imposed on UK firms over the past two years.

These included higher-level one-off fees for lending, raised loan charges and loan rates and increased monthly fees for current accounts, the news provider reports.

In addition, it found that ten per cent more applications for loans were being turned down by the banks, contrary to the sector's proclamation that it is committed to lending to smaller companies.

Commenting on the research, the Daily Mail said: "Many of the increases we have uncovered, using data supplied by Moneyfacts, appear tiny. But cumulatively, they can have a major impact on a struggling small firm."

It Is not just UK businesses that are being stung be the banks however.

Westminster's Scottish Affairs Committee recently slammed the taxpayer-funded banks for using "aggressive tactics" to force "unsuitable" products, such as loan insurance and credit card payment protection insurance, onto customers.

Belmont Thornton can help you make a PPI claim – Payment Protection Insurance Claim, or a credit card charges claim. For free PPI Claim advice call 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19674793-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Quick Claim

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

Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273

Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.

Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.

Please note that calls may be recorded and email traffic monitored for the purposes of security and 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.