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If you are a victim of mis-sold payment protection insurance or excessive credit card charges you could be entitled to thousands in financial compensation if you look to reclaim these charges. The average payout is £2500 and we can help you reclaim these charges using our No Win No Fee Service. If you would like to know more about mis-sold Payment Protection Insurance and excessive Credit Card Charges please keep reading.

Payment Protection Insurance is a highly priced insurance policy sold alongside credit and loans to protect consumers in the event they fall ill and become unable to meet repayments. In theory it is a great policy as who would not want protection against the unknown and what might happen in the event of a long term sickness. The reality of these policies however is not so great. They are extortionately priced and can often amount to as much as 30% of the loan amount. For example of you take out a £10,000 car loan being paid back over 5 years with the added cover of Payment protection Insurance you may end up paying around £3,000 just for the Insurance cover. This as I’m sure you can appreciate is an extremely expensive form of insurance. It is even more expensive when you consider that this Payment Protection Insurance has an extremely low payout rate and is mis-sold at an alarming rate just so that lenders and banks can reap the rewards of multi billion pound revenue stream it provides. In recent times the FS have fined many high street banks and lenders for the way in which they have mis-sold PPI and as a result hundreds of thousands of consumers now have the legal right to reclaim these mis-sold payments and interest of 8%. If you have had loans, credit cards or any form of credit it is advisable to check if you had Payment Protection Insurance. If you have you could be entitled to use our No Win No Fee service to Reclaim Bank Charges on these mis-sold premiums.

On top of the mis-selling of Payment Protection Insurance the banks and credit card companies are also facing compensation claims in the hundreds of millions for excessive credit card charges. It was not uncommon for Credit Card companies to charge customers anything up to £35.00 a time for something as small as missing a payment due date or exceeding a credit limit. The OFT ruled after reviewing these charges that anything above £12.00 was considered and unfair and thus gave grounds for consumers to reclaim all payments above this amount. If you consider that you could have a credit card for a few years and all these little charges could add to quite a significant amount. If you would like to Reclaim Bank Charges for excessive credit card charges contact us and avail of our no win no fee service with no upfront costs. What have you got to lose?

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Credit Cards News bank

Many of us know what a bad credit score is. Well if you don’t then I will explain it. In simple terms if you are ever late in paying your instalments or somehow miss your payment then your credit score goes down. That is one of the excuses of you getting bad credit rating.

What happens when you have a bad credit score?

Individual or companies who have bad credit scores are normally declined any instalments packages, loans, credit cards, mortgages and sometimes even insurance. Most of the time people want to buy products in instalments, so your credit score needs to be good to purchase anything on instalments or to be granted with loans.
There are several solutions for improving bad credit score and one of them is to get bad credit credit cards. Credit cards for bad credit are meant for individuals or companies who have poor credit history. This is certainly one way to increase your bad credit history. You just have to make sure that after you get this card just do not make any late payments. Normally people tend to spend all their money before the end of the month. And most companies and individuals have direct debit set up for the end of the money and they completely miss the payments. Many people are in bad credit history from University. You are always looking for some extra cash when at University. You apply for credit card and when you get one you spend the money not thinking about the money you have spent is owed to someone else and you have to pay the credit card company back. when you spend your credit card limit you won’t be able to make payments to the credit card company till your LEA loans comes through to your account in that time you would miss a few month’s payments.

The above was an individual example, how do companies get bad credit. Simple answer is the same way and also bankruptcy. Bankruptcy is probably one of the worst way to get bad credit score. Bankruptcy is an inability of a company to pay their creditors and dealing with debts you just cannot pay back.

So if you have a question how to improve credit rating then I advice you to go online and read reviews on poor credit credit cards and you will find some great deals.

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