Unfair Credit Charges: Stand up for your rights

By: Simon Pinder

Are the charges levied by your credit card company giving you jitters in the body? Well, the good news is that now you can actually reclaim your hard earned money from these credit card companies who levy an unreasonable charge on your account without any specific reason.

The case of unfair credit charges has been taken up very seriously by the Office of Fair Trading (OFT). After various investigations conducted by the OFT, it finally arrived at a decision stating that the charges levied by the credit card companies were unlawful, as they were proportionately higher than the actual losses suffered by them.

The OFT has taken stringent measures with regard to the unfair charges levied by the credit card companies and has already instructed them to treat the case with high incidence of charges on priority basis. It has also directed the credit card companies to hasten the process of recalculation of the charges in cases where these have exceeded the threshold of twelve pounds.

If you have suffered at the hands of the credit card companies and have paid astronomical charges then now it is the time to reclaim your money. You have an option of claiming your hard earned money for the last six years along with the interest, which you have paid as unfair credit charges to the company.

If apart from the unfair credit charges, you are also losing your sleep over the unfair bank charges and unfair loan charges then its time you stood up for your rights. The OFT has taken a strict viewpoint on these charges; it has rendered them as unjustifiable. Here also, you get an option to claim back the charges levied on your account for the last six years along with the interest. You can also reclaim the unfair charge levied on your overdraft.

Professional help is also available if you have been a victim of a mis-sold whole of life insurance policy. The high charges and the long payment tenure is generally not disclosed by the agents who only want to earn a higher commission and do not give respect to your financial goals. In cases like this, you can claim back all the premiums and retain the insurance cover.

Red Kite offers services to reclaim unfair credit 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 Credit Charges, Unfair Bank Charges, Unenforceable Credit Agreements, and Credit Card Agreements.

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