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Can I Reclaim My Bank Charges

Financial institutions in the United Kingdom have made a bad name for themselves in the past decade by miss selling payment protection insurance. Payment protection insurance is a type of insurance that provides coverage to its policyholders for financial services such as credit cards, bank loans, and mortgages. For a policy to be mis-sold it must be sold to a person who would not be able to use its services. Majority of lenders did not care that they were defrauding countless United Kingdom citizens because they were greedy. They're already making money by charging interest on the money they were lending but add on top of that payment protection insurance that they were also going to charge interest on paints a vivid picture of how the financial institutions have caused one of the biggest scandals in UK's history.

Bank Charges and PPI

Bank charges are commonly fees such as service fees, overdraft fees, and late fees. These fees can sometimes occur without the knowledge of the bank account owner but happened more frequently with customers who had payment protection insurance attached to their bank loans. Many times the payment protection insurance policies were being mis-sold. A mis-sold payment protection policy entitles the policyholder to a refund of all expenses related to payment protection including but not limited to bank charges and late fees. Most PPI policyholders who had PPI attached to their bank loans were reclaiming PPI and asking can I reclaim my bank charges? In order to help PPI claims companies have listed some of the frequently asked questions regarding a PPI reclaim and bank charges.

  • Can I reclaim my bank charges such as overdraft fees, late fees, and service fees?
  • Can I reclaim my bank charges if I've closed the bank account?
  • Can I reclaim my bank charges if I was forced to get payment protection?
  • Can I reclaim my bank charges after six years?
  • Can I reclaim my bank charges if I do not qualify for coverage?

A PPI Claims Companies Affect

If the above questions have you thinking about your PPI policy you may want to hire a PPI claims company to help you decipher information regarding payment protection companies. Payment protection companies are companies who have decided to help the borrowers in the mis-sold PPI crisis. These companies normally employ staff that are knowledgeable in the area of patent protection. They know what it takes to get a PPI claims started and what it takes to get results in the favor of the borrower. Most companies have seen the deceit that lenders use in trying to mislead consumers. The experts that work for these companies know that lenders will deny most of the claims brought to them. Also, If it has been over six years since the policy was created it is almost a fact of nature that the lenders will say it is too late to receive a claim. PPI claims companies have seen all the tricks the lenders had in the bag and are going to use that information to help you.

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