Our parent company, i-Sm@rt Consumer Services act to recover all charges applied to your credit card accounts plus a high interest rate to match, up to 29.9% APR!
The benefits for people choosing our credit card charges recovery service customers, is that we can recover all unfair charges for an industry leading fee. There is nothing to pay for an unsuccessful claim. If you see a better deal online, we will match it and then reduce the fee by 1%! Just make us aware!!
Other Benefits of using FeeSolutions are:
- We do not charge any upfront administration fees
- No charge for you if you do not have any bank or credit card statements
- If you have had card protection (PPI) added without your knowledge or if this was mis-sold, we will recover these charges also.
An average claim for a Credit Card claim with unwanted PPI is a whopping £1100!
So that is our promise. The best possible fee with no administration costs. What could be simpler?
As we await the outcome of the OFT review into the sales process and pricing of PPI, much attention over the last few months has focused on the issues of personal loan insurance. But with £54.9 billion outstanding credit card debt in December 2006, the credit card PPI market is equally important.
The recent fine of GE Capital Bank, a major player in the store card market, reinforces the message that card PPI is also an area that has its own problems in terms of PPI sales techniques and general transparency. FeeSolutions can help in these circumstances, by recovering what has been taken from you.
Credit card PPI is paid on a monthly basis, calculated at a price per £100 of the outstanding balance of your card. So even if you repay your balance in full, the insurance premium will still be payable based on your statement balance, as ‘cover’ has been in force for that previous month.
Like most insurance policies, the exact terms and conditions will vary between providers. But typically the insurance will cover accident, sickness, unemployment, life cover and often hospitalisation benefit. Normally the policies will include a ‘qualification period’ and require you to be unable to work for a period of between 14 and 30 days before a claim can be made. There will often be much exclusion to these policies, which typically include pre-existing medical conditions and in some cases back pain and stress related causes, two of the main causes of work absences. This is where the problems start. |
Research by moneyfacts.co.uk has found the average cost of card PPI is 80p per £100, but can range between 45p/£100 to as much as £1.50/£100.
Average monthly cost – based on balance of:
£1K = £8
£3K = £24
£5K = £40
£10K = £80
When signing up for a new credit card or store card, check that you have opted for the insurance only if you really want it and have the full information available. Sales staff are highly targeted to sell PPI, so can be very insistent. But also remember that as it is paid on a monthly basis, subject to cancellation terms, the policy can be cancelled at any time. |
