Loan Reclaims - Reclaim Penalty Charges
Average amount reclaimed for each loan claim : £734.00
Banks have been levying excessive penalty charges to loan accounts, where for example, a missed repayment has occurred or you have made a late payment. As with bank accounts and credit cards these charges can be unfairly high and we want to help you get them back. All it takes is your signature on a simple form and we will do the rest. Please ensure that you have checked your loan account and that there are penalty charges to reclaim. Please ensure that your loan has penalty charges as it is not unusual for loan providers to debit the penalty charges from your current account which may result in a minimum fee invoice being issued if no charges are found on your loan.
CLAIMBACK Today are able to negotiate with your loan provider and reclaim your charges.
Have you missed payments or made late payments on a loan account during the past 6 years? If so it is highly likely that you will have incurred penalty charges from your loan provider. Excessive charges are now deemed to be unfair, and you can make a claim to recover these unfair charges.
What are Loan Penalty Charges
Loan providers will generally charge you for a late or missed payment on your loan account by way of a penalty charge. This penalty charge has tended to be a blanket charge applied to your loan account no matter what the reason for the late or missed payment was, and regardless of the balance on your loan account or the amount of the late or missed payment.
Unfair Loan Penalty Charges
The Unfair Terms in Consumer Contract Regulations state that banks and other finance providers should only ‘impose charges in proportion to their costs’. This means that any charge they have imposed on you for late or missed payment on your loan account should be equivalent to what the cost has been to them.
The charge imposed on you should not be a punishment, nor should your loan provider be making a profit out of these charges. Nevertheless, many banks and loan providers have unfairly charged their customers much more than what it has cost them for a late or missed payment on their loan account.
This means that you can make a claim to have your unfair loan penalty charges returned to you. It does not matter if you loan account is now repaid and closed, you can still make a claim as long as the charges you incurred on the loan happened in the last 6 years.
It does not matter what reason you took out the loan for, or how much the loan was for, if you were charged unfair penalty charges then you can make a claim to have these returned to you.
