Credit Card Charges
If you have ever been charged for a late payment, returned payment or exceeding the limit of your credit card, you may have been a victim of unfair credit card charges.
Credit card providers can charge you for breaking your contract, but no more than the amount needed to cover their costs. If they make a profit from the charge they are acting unfairly and you have the right to claim your money back, and Claims4U are here to help.
When you sign up for a credit card, you agree to the terms and conditions set out by the provider which state that you will stay within your authorized limits. If you exceed your agreed credit card limit, miss a payment or have a payment returned, you are technically in breach of your contract and your credit card provider is allowed to charge you.
However, although your provider is legally allowed to charge you for the breach, they are only allowed to claim back the actual losses they have suffered as a result of your breach – they are not allowed to make a profit for the fee.
In April 2006, the Office of Fair Trading ruled that a default credit card charge should “only be used to recover certain limited administration costs” and branded charges of more than £12 as a “significantly higher level than is legally fair.” It is estimated that credit card companies have made around £560 million from unauthorized charges.
So, if you were charged more than £12 as a default fee, you have been the victim of unfair credit card charges and have the right to claim your money back.
Thousands of people have already been successful in claiming back unfair credit card charges; now it’s your turn! And Claims4U are here to help.
