Reclaim your Bank Charges- Bank Accounts & Credit Cards

Reclaim your Bank Charges - Business and Personal bank and Credit Cards

Banks and credit card providers charge penalties if you breach your Account terms by defaulting, making a late payment, going overdrawn, returning a bounced cheque, or if a direct debit or standing order fails. It has been ruled by the Office of Fair Trading (OFT) that they are not allowed to do this.They are allowed to cover the administrative costs that arise from from you breaching your terms but only by as much as their reasonable charges.

However the question that has been asked is how much can it cost for a computer to print off an automated letter, or to not process a direct debit? Not £25 to £40!As many of you will have heard, the OFT ruling has decided that banks and credit card companies should charge no more than £12 for such breaches of contract. However, the only reason they set this figure was: "In order to swiftly reduce charges and avoid heavy-handed regulation." In other words, the charge is still too high, but they just quickly set a limit to help all consumers immediately. If they delayed over regulation instead, we'd take longer to see the benefits. Also, it would cost businesses money to implement new regulations, and those costs would filter ultimately down to all consumers.
Since the OFT report, many people have already successfully recovered all of the charges plus interest that occurred in the past six years. (Six years is as far back as you can go in the courts.) You can do this too, whether you're claiming against your bank's charges or your credit card provider's.
If you email me, I will be happy to send you a template letter for your use. If you are unsure of the process or would like me to handle this for you. then this can be done on a no-win-no fee basis.

email: info@easy4life.com