I heard of a standard letter to reclaim excessive costs for Banks and Credit Card late payment. true or false?

There is alledgedly a standard letter to write to banks and credit card companies who have deducted or applied ecxessive charges for late payment. by late payments I am talking about payments being made and only a day or 2 late. Either cheque or by electronic transfer. I'v heard of one guy who wrote to a credit card company complaining and threatening legal action, who received an offer of £1k due to the company excessive charging. Apparently even if the banking / credit card conditions clearly express the charges. there is still an option to challenge on the actuall cost to the company of collecting late payments against the late payment charge cost to customers?. Can anyone expand and possibly advise on standard letter to reclaim late payments.

Answers:
Your right, they have been found guilty of profiting from the charges which is not allowed - the charges are only supposed to cover admin costs.

check out this site http://www.penaltycharges.co.uk.

and the forum http://www.penaltycharges.co.uk/forum.ht.

they have all of the default letters & the forum has a section for each bank so you can see how other people are getting on with the bank you are trying with.

We just got £1300 back about 4 weeks ago. This is £100 less than we asked for. You can claim back any charges in the last 6 years & if it goes to small claims court you can claim back interest too. Anyway it's all on the site.

good luck.
worto.
True you can. Just go onto martins money tips web site ((moneysavingexpert.com) and there is a downloadable copy there.
Never get a CITI bank card. They block it every 48 hours to prevent fraud, then you must call them to get it reinstated, or wait until they call you at 8 am to ask you the previous 5 purchases that may have been made by yourself or your spouse. If you do not know the answers, card is shut off. Just as they discriminate against military personnel that must move often and will not allow them an active card unless they have proof of residence for the past year.

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