Financial institutions are already charging their clients unfairly for many years when they go beyond their overdraft limits. Many bank customers are paying out small fortunes in penalty fees and these charges are illegal and because of this, bank clients begin to reclaim bank charges with interest. However, a big surprise ruling from the Supreme Court have disappointed the general public but still persuaded to reclaim bank charges and battle to get refund under different consumer regulation which was not addressed in the test case.
To reclaim bank charges with the big banks isn’t an easy task. That’s why there’s a lot of specialist claiming companies around Uk right now and they’ll make sure you will reclaim bank charges that is rightfully yours. Specialist solicitor will take care of the load and documents that you can be able to win the very best compensation deal for you.
Thousands of people who began to reclaim bank charges in the county courts during the start of 2007, before the Office of Fair Trading (OFT) test case begin might be suspended while the test case was ongoing. When the OFT beat the banks with the High Court and Court of Appeal’s judgment, a shocking and surprising ruling from the Supreme Court overturned it and turned the OFT’s hope in the test case into frustration.
It means that to reclaim bank charges is trickier and harder. Pursuing to reclaim bank charges will have to use various piece of law that has to be different from the one you already tried and went to the court with. This means that a number of people who want to reclaim bank charges seek the guidance of the Financial Ombudsman Service and specialist claiming companies.
However, you can find important guidelines you need to follow when you take your case to the Financial Ombudsman Services. Since the Ombudsman is free, risk-free and doesn’t depend on legal arguments, thousands of claimants search for their help. The Ombudsman specifically said it will deal only at claimant’s case to reclaim bank charges in three distinct circumstances and these are hardship, inappropriate charges and charges which are increasing.
This means that the Ombudsman will handle your case if you’re struggling to satisfy basic needs such as mortgage, utility bills, constantly living off credit, credit card cash loan withdrawals, or have huge charges; your case can be likely to meet the criteria to reclaim bank charges from this government agency. If your bank charges reached 35 pounds into your 2 pounds unauthorized overdraft, the Ombudsman will also deal with your case. However, if this is happening regularly to your account, there is a chance that you’ll fail to reclaim bank charges.
If these circumstances happened to you, then you can definitely take your case to the Financial Ombudsman Service. However, you have to be prepared for a long wait since the Ombudsman is handling millions of complaints from various financial areas. If you want to reclaim bank charges quickly, contact a specialist claiming company right now to begin the process of your claim.
Learn more about PPI Claims. Visit www.BankCharges.com where you can find out all about how to reclaim bank charges and start to get your cash back.