Bank & Credit Card Charges - Get Your Money Back
Bank Charges(if you have a Credit Card please see below)
Banks overcharging their customers is big business. Every year, Britain’s banks make billions of pounds from penalty charges such as:
- Unauthorized overdraft fees
- Bounced cheque fees
- Refused direct debit and standing order fees
- Late payment fees on credit and store cards
- Penalties on delayed mortgage payments
Whether you’ve been overcharged on a business or personal bank account, EMC Advisory Services Limited is here to reclaim those unfair charges for the last 6 years on your behalf. Our helpful advisors will ensure that the process is fully explained to you and the claims forms are completed. We will then take care of the rest of the claim.
NEWS UPDATE
In July 2007 the Office for Fair Trading (OFT) launched a legal challenge against the ‘fairness’ of bank charges. This is against the seven main banks and one building society who equate to around 90% of the bank business.
OFT welcomes High Court ruling on unarranged overdraft charges
55/08 24 April 2008
The High Court has today confirmed the OFT's view that personal current account unarranged overdraft charges can be assessed for fairness.
While this is a positive move forward it unfortunately does not mean that there is any date set for bank charges reclaim cases to continue.
There is a date set for late May when the timeline for moving the case forward and possible appeals will be discussed. After this date we would hope to be able to bring you more solid information.
How does this affect the customer?
The Financial Services Authority (FSA) put a waiver system in place allowing banks to put on hold all the cases that they currently have in their system. The Financial Ombudsman Service (FOS) have been instructed to put all cases they are reviewing through arbitration on hold. However, this waiver could be lifted at any time.
When the court case will be resolved is difficult to know with the possibility of appeals being used by the Banks to delay the decision. However we do believe that the decision will be in the favour of the consumer and it is important that your claim is dealt with promptly, otherwise the delay could be considerable. This is why we are still preparing the background case for each new client to try and ensure as swift a conclusion as possible
So why should I submit my bank charge case now?
We have continued to prepare background cases for new customers who have received bank charges since the legal challenge was announced. This preparation includes analysing the bank statements, ascertaining the level of bank charges and completing the suitable forms to advance the claim. This means that once the court case is resolved the time consuming part of the process is completed and we can submit our client’s claim as quickly as possible and focus on getting these cases resolved to a satisfactory conclusion.
We work on a no-win, no-fee basis with nothing to pay upfront; you have nothing to lose and everything to gain.
Credit Card Charges
The Office of Fair Trading court case against the banks does not effect credit card claims.
THE LAW
When you take out a credit card, you are entering into a contract. If you breach that contract by late payment or exceeding credit limits the credit card company can rightly claim its losses. However, the sum must reflect actual costs incurred as opposed to the extortionate charges that are often made.
OUR SERVICE
Our service includes but is not limited to the following:
- Obtain the correct records (evidence)
- Assess the value of your claim, which will also include statutory interest
- Communicate with your lender or their nominated Solicitors
- Negotiate the highest possible amount
- Assess the reasonableness of any offers made
- Ensure that your credit company sends you a cheque or payment after the dispute is resolved
- Claim for the last 6 years on all your accounts
- Refer your case to The Financial Services Ombudsman (if required) and manage the whole appeal process until a conclusion is reached
This service is offered on a strictly no win no fee basis and unlike many of our competitors there is NO minimum charge.
You have nothing to lose and everything to gain.
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