CREDIT CARD CLAIMS LIMITED
PO Box 417, Wilmslow, Cheshire SK9 0ES www.creditcardclaims.com
TERMS & CONDITIONS
These Terms of Business set out the agreement between you and Credit Card Claims Ltd.
Please read the terms carefully to ensure that you understand them before signing.
“Benefit” means all non-monetary benefits in whatever from including but not limited to all benefits that will arise from any waiver, cancellation, reduction, saving, deduction or rescheduling of any outstanding or future loan or interest payments, credit payments, premiums, charges or other interest or administrative payments or any other saving, inducement, discount or rebate offered in relation to any other products or services offered by the financial company or persons connected to the financial company.
“Claim” means the Client’s claim or claims against the company relating to the mis-selling of any financial claim made on behalf of the client or the application of unlawful charges to the account(s) of the client.
“Client” means the account holder(s) whose details are set out in the Letter of Authority and who have appointed Credit Card Claims Ltd to provide the Services.
“Company”means the financial institution and/or persons to whom the letter of authority is addressed being the Insurance Company, Bank, Building Society, Credit Card Company or Financial Adviser or any other entity which sold the policy/investment or gave the advice to the Client, or applied the unlawful charges (including for the avoidance of doubt any employee, director, agents,representatives and associates of those entities or any other entity and/or any of their predecessors).
“Compensation”means any sums paid or awarded in respect of any claim made by us on your behalf. This includes “benefits”, compensation, gesture of goodwill, refunds, discounts, any reduction in the loan outstanding and/or any interest or capital recovered. Where such an offer is revised on appeal, then the higher amount shall be used in order to calculate the amount of the compensation.
“Fee” means the fee of 25% +VAT of the total compensation payable.
“Letter of Authority” means the letter included in the claim pack to be sent to the Company from the Client.
“Services” means the work which we will undertake on your behalf in respect of your Claim including assessing the viability of, preparing, submitting and negotiating your Claim and which is set out more specifically in clause 3.
“Terms” means these terms and conditions.
“Us”, “We” and “Our” means Credit Card Claims Ltd a limited liability company registered in England and Wales with number 07825985 having its registered office at 59 Wilmslow Road, Handforth, Cheshire SK9 3EN.
“You” and “Your” means the client(s).
a) The contract shall commence on the date you sign and return these claim terms to us and, unless terminated earlier as per clause 6 below, will continue until the earlier of:
I. Compensation is recovered for you by us and you have paid the Fee, or
I. II. We have advised you in writing that in our opinion your claim is unlikely to succeed and we are declining to act for you.
II. III. If you terminate our services after the point at which an offer of settlement or cancellation has been notified to you we are entitled to charge the full rate of for our services as set out below in 6C.
3. We agree to
a) Review your claim application and assess the likelihood of your claim being successful.
b) If after we have reviewed your application, it is our opinion that your claim is unlikely to be successful we may decline to act for you. We will notify you of this fact in writing.
c) If we accept your claim application, we will confirm this to you in writing and prepare and submit your claim to the company that sold you the Investment or financial product and or the PPI policy.
d) We will liaise with the company and use reasonable endeavours to pursue your claim.
e) We will notify you promptly of any requests for additional information or documentation that the company need to investigate your claim.
f) Notify you in writing of any offers of compensation made by the company.
g) Obtain your agreement before accepting or rejecting any offer or compensation.
h) Notify you of any circumstances beyond our control which prevent us from performing the services under this contract.
4. You agree to
a) Appoint us as your exclusive agent to handle this claim. This means that you cannot appoint another person or firm to act on your behalf in respect of this claim, unless you terminate this agreement with us.
b) Provide full authority to us to deal with the company on your behalf.
c) Provide truthful and accurate information regarding your claim.
d) Provide copies of all documentation that are in your possession and which relate to the claim.
e) Respond promptly to requests by us for further information, or documents that may be needed to progress your claim. f) Pay our fee due as a result of a successful claim.
g) Upon receipt of an invoice for the fee, you will pay the amount due to us within 7 business days of receipt.
a) Our fee is 25% + VAT of the compensation which we obtain for you as a result of a successful claim. b) We will not charge you if the claim is unsuccessful.
c) Our fee must be paid within 7 business days of you receiving our Invoice.
d) We reserve the right to charge you interest on all sums which have not been paid by you at the rate of 2% per annum over the base lending rate of Barclays Bank.
e) We reserve the right to charge you for any reasonable costs incurred in seeking to recover our fee from you.
6. How You Can Cancel This Agreement
a) You have 14 days from the date of signing this agreement to cancel your authority for us to act on your behalf. Cancellation is without charge and you will have nothing to pay under this agreement.
b) The client has the right to exercise their cooling of rights within 14 days without any financial penalty. The client is also entitled to withdraw from the agreement at any time and without notice.
c) If at the time of cancellation described in 6b above, we have received an offer of compensation, which has been calculated in accordance with the rules of the Financial Services Authority or the principles used by the Financial Ombudsman Service and which we recommend is accepted by you, we reserve the right to charge the full fee.
7. How We Can Cancel or Change This Agreement
a) We can cancel this agreement by giving you 14 days notice in writing if any of the following events occur: I. We become aware that your claim is unlikely to succeed.
II. You are declared bankrupt.
III. You enter into an Individual Voluntary Arrangement with your creditors or have a Bankruptcy petition presented against you.
IV. You do not follow any reasonable recommendations made by us.
V. You provide information which you knew to be false or misleading in support of your claim and this information is material to the success of your claim.
VI. You fail to respond to reasonable requests for information in a timely manner and this prevents us from providing the services. VII. You breach a term of the agreement and you do not correct this breach within 30 days of receiving written notification from us detailing the breach and the action required to resolve the breach.
b) We will always give you at least 30 days’ written notice of any changes before they take place. If you are not willing to accept the proposed change, you will be free to end the agreement and you will have no further amount to pay under the Agreement.
8. General Conditions About This Agreement
a) This Agreement is governed by English law.
b) We may transfer with your agreement our rights and obligations under this Agreement by giving You 30 days. written notice of such transfer.
c) You cannot transfer your rights and obligations under this Agreement but you can terminate the Agreement in accordance with clause 6 above.