Claim back credit card charges
Anyone who goes over their limit or is late to make a payment may incur a fee on their credit card. Unfair charges are unjustified because the cost to the credit card provider is minimal when a customer fails to make a payment. For this reason people are able to recover unfair charges because they are not legally enforceable.
If you want to reclaim late fees 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.
The next step is to decide on a plan of action to recover these unfair charges. Some people take on their own claim as they know exactly how much to get back from the credit card company. 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 essential is that you also claim back any interest charged on top of these charges.
Some credit card companies can be awkward when it comes to giving people a refund. For this reason, many people are turning to claims management companies who can get back these charges on their behalf. In addition, they will assess the redress to make sure that interest has been added on top. This maximises the amount of compensation a consumer can get back. Asking for interest on top of the charges can really increase the total amount reclaimed. Because of this it can be a fruitful exercise to enlist the services of a claims company.