Reclaiming PPI Bank Charges
Claiming back bank charges: have you paid unfair over the limit or late payment fees?
In 2006 The Office of Fair Trading (OFT) investigated bank charges and found that over the limit fees and late payment fees charged on credit cards were excessively high. The OFT's findings mean if you have had bank charges applied to your credit card in the last 6 years you can now make a claim.
Bank charges: How to claim them back...
Claiming back bank charges unfairly applied to your credit card is easy with Belmont Thornton. Simply fill in the quick claim form on the right hand side of the page or call us today on 0207 471 2000. Belmont Thornton makes claiming back bank charges easy and you could soon be joining the thousands of people who have already made their claim. Hurry, though, as deadlines apply.
Did you know you can also make a claim for mis sold PPI?.
At Belmont Thornton, we are not just highly experienced at claiming back bank charges but also reclaiming PPI.
Payment Protection Insurance is a type of insurance attached to financial products including loans, credit cards and mortgages. Investigations by The OFT and The Financial Services Authority found that it is often unwanted, unneeded or, worse still, applied without the customers' knowledge. These findings mean we have been able to help thousands of people in reclaiming PPI that was mis sold to them.
To begin reclaiming PPI, or unfair bank charges, simply fill in the quick claim form or call us today on 0207 471 2000. You could have your money in just six weeks!
If you have taken out a PPI policy in the last 10 years it is very possible that the policy may have been mis-sold and you may be entitled to a refund. Following two high profile investigations by The Office of Fair Trading and The Financial Services Authority, if your policy was mis-sold you now have a right to PPI reclaim.
There are several key ways in which PPI policies were mis-sold. Some examples are below:
Policies added without the customer's consent
Sadly, some customers had PPI cover added to their loan, credit card, hire purchase agreement or mortgage without their consent. You should check your original loan agreement or a recent statement to confirm you have not been a victim of this kind of mis-selling. If you have then you are entitled to PPI reclaim.
Customers misinformed the PPI cover was compulsory
Because of the aggressive way in which PPI policies were sold, some customers were wrongly informed that the cover was compulsory. PPI cover is always an optional extra. If you were told you had to have the cover, or that it would improve your chances of being given credit, you were misinformed and could make a PPI reclaim.
Customers who were unemployed, in full time education or retired were sold the cover
PPI is, for the most part, designed to take over repayments when the policyholder, due to illness, injury or redundancy, is unable to work. If the customer was not in employment when they took out their loan, credit card or mortgage then, clearly, they did not require the cover. If you were recommended such a policy and were not in employment you could make a PPI reclaim.
Customers with pre-existing medical conditions were not told their condition would not be covered.
Most PPI policies do not cover pre-existing medical conditions. This means if a policyholder has an existing health concern, and their condition worsens forcing them to take time from work, they are unlikely to be covered. Unfortunately, many salespeople did not ask customers about their medical history or did not advise them pre-existing conditions were not covered. If you were failed in this way you are entitled to PPI reclaim.
Customers were not advised of the full terms and conditions of the cover
In many cases sales staff glossed over the terms and conditions of the policy or failed to provide the customer with appropriate documentation. As a consequence, many people bought policies without realising how many exemptions they had. If this happened to you, you could make a PPI reclaim.
Customers were not advised of the full costs of the policy
In many cases people were sold policies without being advised of the true cost of the cover. The Citizens Advice Bureau uncovered a case where a customer's PPI policy cost 50% of their total loan. Obviously, in this situation, even if the customer did make a claim, they would be unlikely to recover all the premiums paid. If this has happened to you, you may be entitled to a PPI reclaim. To find out more about making a PPI claim, complete the claim form above. We have already helped more than 60,000 people reclaim their mis-sold PPI.