Bank Charges Court Case
When filing a mis sold PPI complaint against your lender, sometimes it is an easy straightforward matter and other times it is such a complex legal issue that it takes a PPI solicitor to handle the claim. Of course not all claims will require being heard before court but there are a few times when you will find it bank charges court case being heard in front of the judge in order to resolve issues of severe hardships caused by the misselling of payment protection insurance. Although not common, a bank charges court case is not totally unheard of.
Common Reasons for Bank a Charges Court Case
Most of the time when a consumer files a claim against the lender he or she is simply looking for a PPI refund. Payment protection insurance was forced upon that person, misrepresented or placed on the loan unbeknownst to the consumer. After finding that he or she paid exorbitant amounts of money for a cover which could never be used and was indeed unwanted it is only right to seek a refund. However, sometimes those extra bank charges can cause such extreme hardships that other areas are affected as well. Take for example a mortgage loan with a 50% cost of PPI added on top of the loan becoming unmanageable do to the difference in price. The family couldn't pay the mortgage and lost their house as a result. This is the kind of bank charges court case which couldn't probably be result in any other way.
Bank Charges Court Case vs. Simple PPI Refunds
As in the example above it bank charges court case would be heard before judge and is a much more serious matter than filing for simple PPI refunds which caused no undue hardships on the borrower. In cases where simple PPI refunds are all letter sought a claims management company can represent the borrower whilst in a bank charges court case is solicitor would most often be needed and of course at much greater expense. If you are simply looking to claim back bank charges then a company like Belmont Thornton will be able to file the claim for you with your lender, take it to appeals if needed and handle all communications and negotiations with the lender.
When you are choosing a PPI claim company make sure that they have proper credentials such as being registered with the Information Commissioner's Office and The Claims Management Regulator. You will want to make sure that any information you share
is kept confidential and you will also want to know that the company
representing you is compliant with all UK rules and regulations. For this reason
it is imperative that you do a little background check prior to contracting with
any company to have them represent you. Make sure that the claims company you
deal with does not ask for an upfront fee and will only operate on a no win no
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