More news is breaking almost every day now regarding the fees that are being charged by banks. Recent government action has clearly told creditors that the amount of money they punitively charge consumers is just not fair.

 

Although we can’t specifically say that the bank charges are illegal, because the banks have done everything they can to avoid a legal ruling on this issue, they are clearly refunding all unfair bank charges when consumers push the right buttons.

 

At this point consumers can act on their own to reclaim unfair bank charges but it is a bit like getting into a fight with a mean stray dog. While you have a chance of winning the fight with your human intellect and abilities, the dog is going after your throat with fur and paws flying.

 

Now don’t assume that I have a negative attitude about banks. It’s just that the issue of refunding bank charges is delegated to some department that has a mandate to make it as hard as possible for people to get money back. Banks like the money to flow the other way. For example, under the Data Protection Act the banks should be providing copies of past account activity for up to six years but some banks are now claiming that they will only provide two years of data and then the consumer must pay £12 per month for history desired earlier than the last two years. A lot of consumers are erroneously paying that charge.

 

All of that being said the banks are giving refunds when pushed the right way. Not only are unfair bank charges being refunded, but also unfair credit card fees, unfair credit card charges and unfair payment protection insurance.

 

There is a lot of money available today to recover and saying that it could be in the thousands of pounds per person is not an overstatement. The real tragedy here would be if you fail to secure your refund. If you would like someone else to fight the battle with the banks for you, help is available in the form of specialised assistance from bank charge recovery experts, such as the help available from Myvesta, in this sort of thing. All you have to do is ask for a free evaluation of your situation and help will be on the way.

 

There is so much money that people are entitled to receive as part of these unfair bank practices that I’ve seen people all but eliminate their debt with these refunds.