The banks have been charging their clients unfairly for many years when they go beyond their overdraft limits. Thousands of bank customers are paying out small fortunes in penalty fees and the charges are unlawful and because of this, bank customers start to reclaim bank charges with interest. However, a big surprise ruling from the Supreme Court have disappointed the public but still persuaded to reclaim bank charges and fight to get refund under various 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 United Kingdom nowadays and they’ll make sure you will reclaim bank charges which is rightfully yours. Specialist solicitor will handle the load and documents for you to be able to win the most effective compensation deal for you.
Lots of people who begun to reclaim bank charges in the county courts during the start of 2007, before the Office of Fair Trading (OFT) test case begin may be suspended while the test case was ongoing. When the OFT beat the banks with the High Court and Court of Appeal’s ruling, 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 should use different piece of law that has to be different from the one you already tried and went to the court with. This is the reason why many 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 must follow when you take your case to the Financial Ombudsman Services. Since the Ombudsman is free, risk-free and doesn’t rely on legal arguments, thousands of claimants seek their help. The Ombudsman specifically said it will deal only at claimant’s case to reclaim bank charges in three different circumstances and these are hardship, inappropriate charges and charges that are increasing.
This means that this Ombudsman will deal with your case if you’re struggling to fulfill basic needs such as mortgage, utility bills, constantly living off credit, credit card cash advance withdrawals, or have huge charges; your case will be likely to qualify to reclaim bank charges from this government agency. If your bank charges reached 35 pounds into your 2 pounds unauthorized overdraft, the Ombudsman may also handle your case. However, if this is happening frequently to your account,there’s a chance that you will fail to reclaim bank charges.
If these circumstances happened to you, then you can take your case to the Financial Ombudsman Service. However, you have to be prepared for a long wait since the Ombudsman is dealing with millions of complaints from various financial areas. If you wish to reclaim bank charges immediately, contact a specialist claiming company right now to start out the entire process of your claim.