In case you are one of the many that have had excessive bank charges you may then be considering worrying and requesting a detailed refund. You can only by law do that if the bank charges are actually with in the last 6 years. It can be worth noting that you are merely in a position to appeal for excessive penalties and not for any of the standard bank charges that go with getting the account.If you do plan to appeal against bank charges then you can be very happy to know that this will not really affect your credit score. Therefore, if you think that you've got a good case, you should make a list of all the fines that you have received over the last 6 years, which can include active and closed accounts.
The very first thing that you ought to try is to write to your bank and inform them that you desire to claim back your bank charges that you've paid to them. By doing this, it can sometimes promote the bank to present you the payment to avoid any further action.If you find that your bank are still refusing to refund the bank charges or usually are not dealing with your complaint in a timely manner, then you can contact the Financial Ombudsman Service (FOS) for further aid. You also can wish to think about taking the case to a small claims court if the claim is for lower than 5,000 pounds.
You can seek the counsel of a specific lawyer to create a claim and they will advise you on what to do in getting your case to the Financial Ombudsman Service or court. They will also help you with the detail by detail procedure and help you complete all of the necessary documents. They may stand in your behalf to produce a claim of the bank charges the bank has imposed to you. They may also be the one who will work out with your bank and may stand on your behalf. If in the event, the bank agreed with your claim, your particular solicitor can help you compute all the bank charges reclaim that you'll be capable of getting.
The most effective way to avoid bank charges is to ensure that you do not miss any payments and keep to the conditions and terms of your particular bank account. This details are readily accessible at your bank so try your best to be aware of the bank charges that has to be suitable.
Author Resource:
Nancy Williamsspecialises in Bank charges and other financial products for British based company www.bankcharges.com . She also lifts the lid on unfair bank charges and the financial claims niche generally, as well as writing pieces on personal finance, house sales, repossession and business finance.
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