Stock Investing Strategies

Stock investments


Reclaim credit card fees

Anyone who goes over their limit or is late to make a payment may incur a fee on their credit card. Unfair charges are unfair as they are disproportionate to the costs incurred by the credit card provider when the customer defaults on the payment. For this reason people are able to recover unfair charges because they are not legally enforceable.

If you elect 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 don’t know then you could always ask for a list of charges from your credit card issuer. They have 40 days to release this information to you.

Once you receive this data, you can look through it checking for late fees and over limit fees. These fees tend to range from £30 to £12.

Your next option is to determine how you want to claim back these charges. Some consumers take on their own complaint and write to the provider requesting their money back. Some credit card issuers may reply and offer a partial refund of charges. Some providers may decide to refund the customer all charges incurred. What is vital is that you also reclaim any interest incurred on top of these charges.

Some financial institutions can be slow to give people back their money. This is why many consumers are engaging the services of claims companies who can recover these charges on their behalf. What’s more, they will check the calculations and ensure that interest is added to these charges. This increases the amount of redress a consumer can get back. Demanding interest on top of the charges can significantly increase the total amount reclaimed. For this reason, it can be worth contacting a specialist claims company to do the job on your behalf.

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