UK Citizens Seeking Debt Advice Still at all Time High

By charges were talking bank charges levied for things such as bounced cheques or exceeding the overdraft limit, or credit card charges applied for exceeding credit limits or missing payment deadlines. Even though the Office of Fair trading recently lost a fight against the banks in regards to unfair charges, many people are still making claims against their banks, but debtors can attempt to reclaim credit card charges if they feel theyve been unfairly overcharged, as this is a separate issue to bank charges and was not included in the test case.

In regards to unfair credit agreement claims, successes in this area against the banks have not been widespread but it is not beyond possibility that, as with PPI, many people may have been mis-sold their loan or mortgage without ever knowing it. You can find many companies on the internet offering debt elimination programs which seek to identify mis-selling of credit contracts and then have the debt deemed unenforceable. However the jury is still out on this one and it remains to be seen whether weve all been treated completely fairly by the banks over the years or whether weve been getting ripped off to high heaven this is one for the claims management companies solicitors to battle out.