YOU MAY BE DUE A BANK OVERDRAFT REFUNDClaim a bank overdraft refundIf you’re using an overdraft facility from your bank over an extended period of time, then you may be eligible to claim back money with an unaffordable bank overdraft claim. Submit claim Home E Financial E Bank OverdraftsWhat are unaffordable bank overdraft claims?Unaffordable overdraft claims are a type of financial complaint you can make if you have been charged excessive fees or had your overdraft extended without the proper checks. Overdrafts act as a form of credit that allows you to spend more money than you currently have available in your bank accounts. When you exceed your account balance, the bank may extend an overdraft, which comes with a fee or interest charge.However, unaffordable overdraft claims arise when the fees charged for using overdraft facilities become unfair or excessive or your credit limit is extended by the lender without the proper affordability checks taking place. This often causes financial hardship or exacerbates existing financial difficulties.If you believe that your bank did not conduct a proper affordability assessment or that you were unfairly charged for your overdraft usage, then you can make an unaffordable overdraft claim. By working with us, we can help you obtain a refund of the excessive fees you’ve paid.In this section› Unaffordable Bank Overdrafts › What are unaffordable bank overdraft claims?› How to qualify for an unaffordable overdraft claim› What is the legal argument for an unaffordable overdraft claim?› Common questionsHow to qualify for an unaffordable overdraft claimQualifying for an unaffordable overdraft claim depends on your circumstances, which is why our team at Claims Bible work on a case-by-case basis to seek the best possible outcomes for our clients.Generally speaking, the onus falls on the bank to ensure that you’re using your overdraft facility correctly. If you aren’t, then you might be eligible for a claim. Below are a few different ways to qualify for an unaffordable overdraft claim if you’ve had an overdraft for an extended period:Your bank set you an overdraft limit that was too highThe bank didn’t notice you were in financial difficultyYou have direct debits or standing orders unpaidYou’ve got other debts with the same bankYou’ve been rejected for loans or credit cards from the same bankYour credit score is in declineYou’re utilising payday loans to pay debtsThere’s a noticeable reduction of income going into your accountDid you know?Making an unaffordable overdraft claim won’t impact your credit score This isn’t an exhaustive list though, so you may still be eligible to make a claim if this doesn’t apply to you. To find out more, contact us at Claims Bible today. Start claimWhat is the legal argument for an unaffordable overdraft claim?The legal argument behind making an unaffordable overdraft claim can be broken down into two categories: did the bank assess your credit prior to setting up your overdraft? Secondly, did you experience any form of unfair treatment? Below, we’ll go over these two areas in-depth:Assessing Your CreditworthinessThe rules outlined by the Financial Conduct Authority (FCA) states that the bank but assess all customers for creditworthiness prior to entering any form of credit agreement, like an overdraft. These checks should be reasonable and conducted every time there is a significant increase in credit given.Key FactOver 2.1 million people use their overdraft constantly in the UK.Unfair TreatmentIf the bank has acted unfairly while offering credit to you, then there are legal grounds to make a claim against your overdraft. This includes things like pressuring you into taking out an overdraft, not providing you with a Key Facts document or not warning you about charges or late payments. The bank should also give you the option to pay the overdraft back through a repayment plan, so if this isn’t the case you can make a claim against them.Start your bank overdraft claim todayComplete the claim form and check your eligibility today. Safe, secure and confidential. Apply online in minutes Start claimCommon questionsWhat evidence do you need to make an unaffordable overdraft claim?There are a few pieces of evidence that can really help your unaffordable overdraft claim, but the most important thing to have is your contract. This will outline the terms of your overdraft and can help show how it has impacted your financial situation. Other key pieces of evidence that can help include your credit score and your bank statements, as these offer details about your financial history while you had the overdraft.How long does the process take for an overdraft claim?Unaffordable overdraft claims don’t have a predetermined timescale, as it works on a case-by-case basis. Rest assured that when you work with our team at Claims Bible, we focus on closing the claim as quickly as we can to get your money to you in the shortest time frame possible.How far back can you claim unaffordable overdraft fees?The standard timeline for claiming historic overdraft fees is 6 years, so you’ve got a lot of time to make your claim.How much could you get for a bank overdraft claim? As with any financial loss claim, the amount you can potentially claim back depends on how much money you have lost to your unaffordable overdraft. There’s no lower or upper limit to this, which is why it’s important to have an expert like Claims Bible there to help you get the most out of your claim. It’s worth noting that if you make a claim through the Financial Services Compensation Scheme there is an upper limit of £85,000 that you can claim.How far back can you claim unaffordable overdraft fees? The standard timeline for claiming historic overdraft fees is 6 years, so you’ve got a lot of time to make your claim.Choose claimChoose from the different claims below. You can either visit the page to read more about the claim or submit your claim straight away.Natwest Claim compensation for a Natwest overdraft that was unaffordable. Start claimRBS Claim compensation for a RBS overdraft that was unaffordable. Start claimLloyds Claim compensation for a Lloyds overdraft that was unaffordable. Start claimDon’t Delay. Check Now.Don’t miss out on £100’s or even £1,000’s in compensation you could be entitled to. Starting a claim only takes 5 minutes, so why not do it now? Start claim
