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Credit Card Claims

Have you had a credit card with a high credit limit?
If your limit was so high that your monthly repayments
were hard to manage causing more debt, you may
be entitled to compensation.

Claim Now

Who has a credit card claim?

Have you had a credit card with a high credit limit? If your limit was so high that your monthly repayments were hard to manage causing more debt, you may be entitled to compensation.

Credit Card Refund Check List

 

“Rules imposed by the Financial Conduct Authority mean any firm offering credit has an obligation to check your financial situation to make sure you could afford the credit they were providing, before
giving it to you.”

1

You should never have been approved

Your lender should've assessed your financial situation each time they increased your credit
limit. In addition, if you had a recent spell of high cost and short term lending, recent credit
problems in the form of missed payments they should have also taken greater responsibility.
The customer felt that they were pushed into making the wrong decision without complete understanding.
2

Your limit should not have increased

Your lender should not have increased your credit card limit if it was obvious you were currently
struggling to pay your existing repayments. In addition, if you were only making minimum
payments for an extended period of time or you were missing payments, they should not have increased the limit. Transactions that show gambling should have been noted before a credit increase as well as taking out payday loans to cover costs.
3

You should be able to cover necessities

Your credit was not affordable if it resulted in you being unable to make your monthly
repayments without difficulty. You should also have been able to cover your normal household running costs, expenses and any other debts.