Specialists in financial claims relating to interest and charges.
"NO WIN NO FEE"
Claim a refund of overdraft interest. Average claim £3000
An overdraft is not supposed to be a long-term lending solution and should be used as an emergency fund according to banks own literature. However, millions of people across the UK have been living continuously in their overdraft and paying high interest rates. The banks have a responsibility to help consumers who are using it as a long-term lending solution to find a cheaper alternative.
Claim a refund of credit card interest. Average claim £5000
As with overdrafts, credit cards are not supposed to a long-term lending solution and should be used for short term emergencies. However, there are millions of consumers across the UK who have just been making minimum payments at high interest rates who would take up to 10 years to clear off the balance.
Claim a refund of catalogue interest. Average claim £2600
If you’ve ever purchased from a catalogue company, you may have been offered a store credit card or Shop Now, Pay Later option at the checkout. If you opted to use these methods of payment, you could be eligible to make a catalogue lending claim for compensation. Many catalogue companies such as Very, Littlewoods etc, failed to always carry out proper affordability checks, offering customers credit limits they simply couldn’t afford to repay.
Claim a refund of packaged bank account charges,. Average claim £1200
A PBA requires customers to pay a monthly fee, generally between £5 – £30, in return for a range of ‘inclusive’ products, such as mobile phone insurance, travel insurance or breakdown to name a few.
To make the accounts sound more attractive to customers to sell the accounts, banks use different names for the accounts such as gold, platinum, value account.
Banks will also, when discussing accounts with customers, state that they can ‘upgrade’ their current account to a PBA, again to make them sound more attractive.
Claim a refund of large loan interest. Average refund £4000
Any personal loans, including high-cost lenders, bank loans, and credit union loans. Any type of loan more than £500.
You can complain if you are still paying the loans, or it has already been repaid.
A consolidation loan may have been cheaper than the credit cards it cleared – but it may still have been unaffordable!
You can also complain about car finance if the loan has caused you to borrow more to pay other debts.
Claim a refund of car finance commissions. Average claim £3600
It was common for car finance lenders to allow a car dealer to set the interest rate on a car finance agreement within a range – they had “discretion” over what the rate was. The dealer would get more commission from the car finance lender the higher the interest rate was. So they had an incentive to set your rate as high as they thought you might accept.
With affordablity a loan is only affordable if you can make the repayments on time, without hardship and still meeting your other commitments.
That means you need to be able to pay all your other debts, your normal household bills and expenses as well as the new car loan payments.
Check eligibility for all claims
Are you just getting by month to month with multiple credit accounts. E.g. overdraft, credit cards, loans, catalogues or buy now pay later credit agreements.
Many consumers may face initial strict credit checks but as long as they meet payments, they will then be offered higher credit lines without such stringent checks which are likely done by a computer system without checking affordability.
Due to the lack of proper checks unaffordable lending claim can argue legal points that enables us to achieve a refund of all the interest paid on these agreements where unaffordability and other legal arguments are met.
Debt management
If you feel you do not have the time financially to try and claim back interest, you can also look at another option first then claim.
A Debt Plan is an agreement, negotiated by you or a third party, to lower your monthly payments to your creditors.
Take back control become debt free
Our service
No win no fee
You will never be asked to outlay any money upfront. We only get paid if the claim is successful and you receive compensation.
Claim online
You can complete the full claim process online by signing the legal agreement and providing the required documents.
Claim on the phone
You can complete the full claim process over the telephone were a claims manager will complete a fact find and prepopulate all the information onto our legal document for signing.
Regular updates
We will provide you with regular updates whenever we receive any responses from the opponent on your case all the way to completion.
Best outcome
We strive to get you the best possible compensation outcome on your case and will liaise with the opponent on various legal arguments to try and achieve the maximum compensation possible.
Better financial position
Our aim is to put you in a better financial position than before you started the claim by achieving refunds of interest and charges paid as well as achieving a freeze on interest if any balance is left over. We also ask for any adverse credit information to be amended on your credit file.
Join 1000's of customers across the UK. Who have "Received a refund of interest and charges"
Free claim eligibility check
E: info@unaffordablelendingclaim.com
T: 0141 459 0239
Unaffordable lending claim is a trading name of
Park pension recovery service LTD which is regulated by the Financial Conduct Authority, in respect of regulated claims management activities authorisation number 836153.
Important Information
You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.