Can You Claim Back Credit Card Charges?

Can You Claim Back Credit Card Charges?

Can You Claim Back Credit Card Charges?

Why is it that you may be able to claim back credit card charges? The UK Office of Fair Trading (OFT), found that credit card charges applied by lenders for late payments etc. were far too expensive. Subsequently, as a result of the new ruling you may be able to can make a claim to have your charges refunded. If you have charged any late payment fees, or an over limit fees, now is the time to claim your money back. How Much Can You Claim Back? How much you can claim back will vary depending on your credit card provider and how many charges you have had and for how long.It is possible to make more than one claim. Many people make many claims as they have had several Credit Cards in the last years for which they have been charged late payment or over limit credit card charges. You Can Make a Do-It-Yourself Claim! It is quite possible to claim back credit card charges yourself. You will need to be persistent, thick skinned and patient because as you can imagine, lenders are not always willing to settle claims without putting up at least some resistance. That way they hope they will wear you down into accepting a lower offer.Office of Fair Trading (OFT), found that credit card charges applied by credit card companies for late payments etc. were far too high. So now as a result of the OFT ruling you are able to make a claim to have your charges refunded. If you have been charged any late payment fees or over limit fees now is the time to claim your money back.How Much Can You Claim?The amount you can claim will vary depending on your credit card provider and how many charges you have had over how many years. You can make more than one claim. Many people make several claims as they have had several credit cards in the past 10 years which have incurred late payment or over limit credit card charges.You Can Now Make a Do-It-Yourself Claim!It is quite possible to claim back credit card charges yourself. You will need to be persistent and patient as lenders are not that willing to settle claims without putting up at least a little resistance. That way they hope they will wear you down into accepting a lower offer.How Much Will It Cost If You Use a Claims Company?Most offer a 'No Win No Fee' service and won't charge you a penny unless they win you a refund of PPI. The most you should pay if you win your case in 25% plus vat. You will have to pay this from your refund. You will need to complete the claim pack they send you and return it to your claims company. They will then pursue your claim on your behalf.When Will I Receive My Money?It is dependant upon your individual case and how your creditors deal with your claim. In some cases you will receive a cheque within a few weeks; unfortumately some claims take longer, up to several months.I no longer have the Credit Card Can I Still Claim?Yes!....even if you no longer have or use the credit card you can still make a claim.BEWARE! If you have arrears on the card any money refunded MAY be deducted from the amount you are refunded. You will still be required to find the 25% you owe the claims company you employed plus vat of course. Research the internet and you will find many good claims companies which will make a claim on your behalf. The fees vary so shop around before you choose.

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