We are all aware that sometimes, whether through their own fault or not, banks get it wrong. But did you know that this could mean you are entitled to get back hundreds of pounds? Applicable to credit cards, loans and mortgages, you could have been paying extra charges, penalties and fees when you didn’t or shouldn’t have had to, so read on to find out whether you may have a claim.

When the Office of Fair Trading ruled that credit card lenders should lower their penalty card charges from a whopping to £35 to £12, we didn’t think this was enough. We aim to claim back not only the full charge amount, but also interest to cover any inconveniences. The only initial criteria you need to check is whether your credit card charges occurred in the last six years (or five years in Scotland). So, if you think of every credit card charge you incurred in that amount of time, your potential claim could amount to a significant sum!

It’s not just credit card charges you could claim against, but other loans and mortgages, too. It you have borrowed from creditors such as Natwest, RBS, Northern Rock, HBOS, Lloyds TSB, HSBC, Halifax, Bradford & Bingley, Alliance & Leicester, Abbey, GE Money First plus, Bank of Scotland, or any other bank or building Society, then you could be entitled to a claim.

With loans and mortgages, it is the unnecessary insurance charges that come with the loan that could be recovered. If you paid Payment Protection Insurance or Income Protection Loan Insurance, then this could have been mis-sold to you, meaning you could be entitled to hundreds, if not thousands, of pounds.

So, if you have been concerned that you have been paying unfair or unnecessary charges, fees or extras, then take a few minutes of your time to check whether or not you could due hundreds of pounds; it could be a nice surprise!