The big banks are breaking up…………..How does this affect my claim for repayment of unfair bank charges?
Our friends in Brussels have told us that we have to cut RBS and Lloyds TSB down in size as a quid pro quo for receiving the state aid last year.
And if you might have forgotten it was a multi million pound package.
Gordon Brown and his minions are presenting the sale as a bonus or payback for us taxpayers but we most certainly doubt that! The Labour Government only takes your money and spends it on their social engineering schemes. “Payback”….Don’t hold your breath.
In the plan The Royal Bank of Scotland and Lloyds will be split up. Cheltenham and Gloucester will be sold and three new banks will hit the high street. Virgin money and Tesco are hot favourites for these businesses.
Increased competition would be good for the customer and “Added value” fees may not be an automatic necessity if you switch. However, our question is this…Will the break up of the banks mean that the repayment of unfair bank charges be delayed or cancelled altogether?
The answer is that most probably the Law Lords ruling will proceed as planned but the logistical side of it re the actual repayment might be a minefield.
Our advice to you is to use a Claims company who can expedite the process for you. If you have not claimed back unfair bank charges for the last six years may we suggest that you complete the application form on this page to get the ball rolling.
Do it now.