When you go to the bank to ask for a loan or a credit card it is always a bit of nerve racking situation, isn’t it? This could be one of the reasons which explain the amount of mis-sold credit card protection around now.
It may no longer be the case that a very serious branch manager takes you into his imposing office to discuss any loan you ask for, but asking for money from anyone is something which always sees you put on the back foot from the beginning. Whenever any of us goes to the bank to ask for money we can expect to feel a degree of nervousness about the possible outcome of the request.
Perhaps you have your heart set on buying something special or on going away on holiday with the money you are asking for. A refusal isn’t going to mean the end of the world but it could come as a serious blow to your hopes. If you have already made a down payment or told friends about your plans then that is an extra reason for feeling the stress before you hear the decision from the bank.
High Pressure Sales Tactics
With this in mind, it seems that a significant number of UK bank customers have been mis-sold credit card protection by being put under too much pressure by the branch advisers. This could have taken the form of being told that the insurance cover was compulsory or by them simply insisting several times that it was something which the customer should do.
Each case of mis-sold credit card protection is different but the one thing that they all have in common is that it is now very easy to claim the money back which has been paid out. You can start the process simply by going online and choosing a reputable claims handler to work on your behalf.
Once the claim for mis-sold credit card protection goes through you won’t lose the card or suffer any damage in your relationship with the bank. All that will happen is that you will get compensated for any money you paid out due to bad advice or high pressure sales tactics.
Sorting out compensation for mis-sold credit card protection is becoming increasingly common when high pressure sales tactics have been used.