Can You Claim Back Credit Card Charges?

How Come You May Be Able to Claim Back Credit Card Charges?

Office of Fair Trading (OFT), found that 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 can make a claim to have your credit card 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?

The amount you can claim will vary depending on your credit card provider and how many charges you have had over how many years. Yes! You Can Make More Than One Claim. Many people make several claims as they have had several Credit Cards in the last 10 years which have incurred 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. Just use the free template letters on this site. You will need to be persistent and patient. How Much Will It Cost If I Use a Claims Company Most offer a ‘No Win No Fee’ service and won’t charge you a penny unless they win. If you do win your claim the most you should pay in fees is 25% plus VAT. This will be payable from the amount you are refunded. 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?

This all depends on the complexity of your claim and how your lenders react. In some cases you will receive a cheque within a few weeks; however other claims can take 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 have to pay the claims company 25% plus VAT of your refund. Take a look at the many claims companies which operate on the internet and do your homework well. The fees vary so shop around before you choose.