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Compensation for unfair credit card fees
By Billy | December 29, 2009
A credit card charge is a fine for making a late payment or exceeding your credit limit. Credit card charges are unjust because they are higher than the costs incurred by the credit card provider when their customers default on their payments. Due to this it is possible to reclaim unjustified fees.
If you wish to reclaim unfair credit card charges then the first thing you need to do is to check whether you have had any such charges within the last six years. If you are unsure you can request a list of charges or statements from your credit card provider. They have 40 days to release this information to you.
After you receive this information, you need to check through it for unfair charges. These fees tend to range from £30 to £12.
The next step is to decide on a plan of action to recover these unfair charges. Some customers take on their own complaint and write to the credit card issuer requesting their money back. Some credit card providers may write back and offer a partial refund of charges. Some providers may decide to refund the customer all charges incurred. What is essential is that you also claim back any interest charged on top of these charges.
Some credit card issuers can be difficult when it comes to offering people a refund. This is why many consumers are engaging the services of claims companies who can recover these charges on their behalf. In addition, they will assess the redress to make sure that interest has been added on top. This increases the amount of redress a consumer can get back. Requesting interest on top of the charges can significantly increase the total amount reclaimed. Because of this it can be a fruitful exercise to enlist the services of a claims company.
Topics: Real Estate Buying, Real Estate Selling |
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