Claim back Bank Penalties
How to claim back unfair bank penalties
This section of the site will explain how to claim back penalties.
Please note that banks are not allowed to charge the public more for bank penalties than it costs them to process defaults. It appears they are and so the public are now able to try and claim back bank penalties. If you would like to claim back bank charges then please click here to APPLY NOW!
Examples of Penalties:-
- Unauthorised bank overdraft penalties
- Bounced Cheque penalties
- Refused Direct Debit penalties
- Refused Standing Order penalties
- Late Payment penalties On credit and store Cards
- Penalties on delayed or missed mortgage payments
Simple procedure to claim back bank penalties
- Highlight all the bank penalties that have been charges in your last six years of account statements.
- Add up the total of all the unfair bank penalties
- Inform the offending bank including a photocopy of the highlighted statement pages.
- The bank will either refuse to meet your claim or offer make an offer.
- If the bank penalties are small the bank may settle pay out.
- If you do not get a satisfactory response regarding the bank penalties the next move is to take legal action to reclaim the bank penalties.
- The bank must defend its case or settle out of court
The law stated in the Unfair Terms in Consumer Contracts Regulations (1999) prohibits banks from charging more in penalties than it costs them to administer their customers' defaults.
The Office of Fair Trading
In April 2006, the OFT published a report which stated that they judged credit card penalties averaging £25 per default to be unlawful. The OFT set a new £12 maximum for credit card penalties. On 7 September 2006 the OFT announced a new enquiry into bank current accounts - further information from: http://www.oft.gov.uk.
If you would like to Claim Back Bank Penalties please click here APPLY NOW!
Apply online - act now and get your money back!!
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IVA's
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In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
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