The benefits of commencing your claim now

We expect the result of this test case to be similar to the credit card ruling, where the card companies are now not allowed to charge in excess of £12 for a default charge, of course nothing is guaranteed and nobody will know the result until all the facts have been put before the court and a judgement is made.

What we do know for sure is that if the go ahead is given for claims all of our clients claims will be ready to submit to the banks or building societies and we will not have charged any money for this service as we are working on a strictly no win no fee basis and do not ask for any money for ourselves until your claim has been paid out.

Commencing your claim with us now means we will be able to save time by sending to your bank or building society for a list of all the charges on your account for the last six years or for as long as you have held the account if it is less than that, they have 40 days in which to supply the information under the Data Protection Act of 1998, recently some of the banks have been exceeding this 40 day limit as they have had such a backlog of requests.

If we submit your claim now it will cover the last six years of charges.

If this case takes another year to be resolved we will then be in a position to make another claim for the twelve months since the first claim, thereby claiming a total of seven years worth of charges

The down side of not commencing your claim now

If you decide not to commence your claim with us now and would like to wait for the outcome of the court case it will probably add around two months until the list of charges or bank statements are received from your bank, your claim is processed by us and ready for submission to the bank, by which time the banks will be getting flooded with the backlog of claims that have been suspended pending the outcome of the test case.

Under the statute of limitations act you can only claim for the last six years worth of charges so the clock is ticking. If you have charges dating back to 2001 you will almost certainly lose all of those as it is doubtful there will be a ruling before the end of the year

Whereas if you begin the claim now and the courts rule that the charges are unfair we would be able to submit your claim immediately, making sure that your claim will be one of the first received thereby avoiding the rush to reclaim charges from the many thousands of people who will want to submit claims.

We will also be claiming for the for the last six years making sure that you claim the maximum possible amount, this really works in your favour because you will have a claim in for the last six years and if more charges are incurred we would just submit a second claim

You have nothing to lose we charge 20% of the money recovered with no upfront fee, don't leave it until the banks are snowed under with claims to have yours submitted