What is an unfair banking charge?
After months and years of fighting to defend the bank charges imposed on ordinary
consumers the banks have lost the first round in the battle to get a fair deal on
unfair charges.
In 2007 the Office of Fair Trading (OFT) commenced proceedings
in the High Court for a declaration on the application
of the law in respect of unauthorised overdraft charges. In April
2008 the High Court decided that consumer regulations do apply to the banks terms
and conditions demolishing a key argument the banks had used to
resist claims by over-charged customers.
The Court is to consider further arguments about what is a fair level of charge
to be made by the banks. However consumer champions, Simpson Millar LLP, believe
that the way is now clear for people to bring claims against banks where they may
have been overcharged.
Our commitment
- Simpson Millar LLP have the experience to handle unfair bank charges compensation
claims quickly and efficiently
- It is possible for consumers to deal with the banks direct however our service is
offered on the basis that we can remove the stress and hassle of
pursuing a claim yourself
- We will request the last six years statements
from your bank and pay any data protection fees for you
- Upon receipt, we will collate the amount of charges plus interest
levied on your account and confirm this to you
- We will then file your complaint with the
bank and ensure your claim is considered as soon as possible
- As solicitors we will handle your claim from start to finish and not pass it to
someone else in the event that Court proceedings are necessary
Costs
- We charge 15% plus vat of the compensation recovered from your
bank in those cases where we are unable to recover our costs from the bank itself
- We can advise whether your claim is likely to succeed and whether we are able to
act for you at no cost
- In any case, if you receive no compensation you pay nothing to
us
Contact us now to discuss how we can help you by completing our, no obligation,
online equiry form and we will call you back or you can call us directly on 0844 858 3200.