Bank Charge Reclaim

Bright Oak can help you to recover unfair bank charges and similar charges levied by credit card and store card companies.

We’ve heard of one individual who successfully reclaimed £17900!

• Download and print these forms . If you want to reclaim from more than one bank or card company use the extra letter of authority to add their details to your claim.

Form 1 – (The Forms You Need)

Form 2 – (Extra Letter of Authority)

• Fill them in. Post them to us (Bright Oak, PO Box 806 , Cardiff , CF11 1GF ).

See below for more information on this simple process and how you could handle it yourself if you prefer.

Introduction

Banks and other similar organisations have long charged high penalties if you go over your overdraft limit, forget to pay your credit card bill in time, bounced a cheque, or had a direct debit go unpaid. Penalties have often been £30-£35 for each instance.

It’s now clear that such penalties are not acceptable under contract law. You should only ever be charged the costs borne by the bank as a result of going over the limit or being late with a payment.

Experts estimate the real cost to the bank as being between £2 and £5 each time. You deserve a refund.

Who can reclaim unfair bank (and other similar) charges?

Anyone in England , Wales , or Northern Ireland who has paid unfair charges in the last 6 years. In Scotland it’s 5 years.

Have my charges been unfair?

If you’ve been charged more than £5 for a late payment, going over your overdraft limit, a bounced cheque, or a failed direct debit then we may be able to claim these unfair charges for you. It’s your money, get it back!

How does it work?

1. A letter is sent to your bank (or similar organisation) requiring information on how much they have charged you in the last six years. They have to provide the information under Data Protection Rules.
2. Once the information is received a second letter is sent. This time a request is made for a full refund of the above amount with interest. Some banks will pay in full at this point, or offer a settlement figure.
3. If not paid immediately a third letter is sent threatening court action if it’s not paid in two weeks. Many more banks will pay at this point, or offer a settlement figure.
4. If the bank still does not pay court proceedings are initiated using a simple online system. Almost all banks that have not yet paid or offered to settle have done so at this point.

DIY Bank Charge Reclaims

The reclaim process is one that some people feel comfortable handling themselves. Good guidance is available at:

http://news.bbc.co.uk/1/hi/business/6170209.stm

http://www.thisismoney.co.uk/bankcharges

Bright Oak Bank Charge Reclaims

Too busy to reclaim your bank and credit card charges?

Confused about the reclaim process?

Worried about negotiations or arguments with major financial companies?

We can professionally handle the process for you. It’s simple:

Download and print these forms . If you want to reclaim from more than one bank or card company use the extra letter of authority to add their details to your claim.

Form 1 – (The Forms You Need)

Form 2 – (Extra Letter of Authority)

Fill them in. Post them to us (Bright Oak, PO Box 806 , Cardiff ,
    CF11 1GF ).

Our Charges

Our fees for managing this process are based on success only.

NO WIN, NO FEE.

• Successful claims are subject to a minimum charge of £200 plus VAT.
• We charge 20% of the recovery made (plus VAT).

Successful Claim Examples:

£3000: Client receives £2295 (Total Fee = £705).

£1000: Client receives £765 (Total Fee = £235).

Communication

We’ll contact you on a regular basis with updates on the progress of your case.

You can contact us for updates if you’d like to.

If an offer is made by a bank we’ll contact you so that you can decide whether it’s acceptable or not.

Upon receipt of payment from the bank or credit card provider we’ll have payment on its’ way to you within five working days.

What would you do with the money?

Post the forms to Bright Oak today and we’ll claim your unfair charges back for you.