Unfair Bank Charges: Reclaim them

By: Simon Pinder

Are you losing your sleep over the unfair bank charges levied on your account by your 'trusted' bank? Well, you are not alone and this problem is spreading all over the world like a pandemic. People from different corners of the world complain of being facing unfair loan charges or unfair credit charges from none other than their own bank they trusted. However, help is round the corner and you can reclaim your hard earned money back from these banks.

The unfair bank charges levied by the banks on your accounts over the last few years must have left you bewildered. The banks may charge money from your account under various heads for the services they provide. However, there is big question mark on the relevance of these charges as they drain away your hard earned money.

Recent unrest amongst the public regarding these charges has made the government wake up to the situation and question the fairness of these charges. The Office of Fair Trading (OFT) has done some serious work in this field and the result is beginning to show.

A ruling has been passed in this regard which clearly states that the fairness of these charges is surely debatable and the people who have suffered at the hand of their banks can start the procedure to reclaim their hard earned money. The customers have an option of reclaiming last six year charges plus interest on them.

Apart from the unfair bank charges, there are also chances that you have been levied with various other unfair credit card charges for various unjustifiable reasons. In such a scenario, you have a right to claim back your money retained by the credit card companies as charges. Here also you can get back the unfair charges levied during the last six years along with the interest.

Another problem persistent in the financial services industry is the rampant mis-selling of the whole of life insurance policies. These policies are mis-sold as high return investment products by the agents just to earn higher commissions. The whole of life insurance policies are generally projected as fixed premium policies and the high charges are generally not disclosed to the customer.

If you have experienced the above and felt that the premiums on your insurance policies have become too high to manage or the returns provided by the policy has been mis-communicated to you, you have an option to reclaim your entire premiums and also retain the insurance cover. Professional lawyers could provide you the necessary services to reclaim unfair bank charges. All you are required to do is furnish your financial details to them.

Red Kite offers professional help to reclaim unfair bank charges. The website www.redkiteonline.co.uk provides complete information about the company.

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Simon is a famous author who writes frequently about the Unfair Bank Charges, Unfair Credit Charges, Unenforceable Credit Agreements, and Credit Card Agreements.

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